Rambus Inc. (NASDAQ:RMBS) was up 2.2% during mid-day trading on Wednesday . The company traded as high as $12.69 and last traded at $12.68, with a volume of 340,040 shares traded. The stock had previously closed at $12.41.

A number of equities research analysts have recently issued reports on RMBS shares. Citigroup Inc. upgraded Rambus from a “neutral” rating to a “buy” rating in a report on Monday, March 28th. Zacks Investment Research downgraded shares of Rambus from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 30th. Jefferies Group reiterated a “hold” rating on shares of Rambus in a research report on Monday, April 18th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $12.50 price target on shares of Rambus in a research report on Tuesday, July 5th. Finally, Wunderlich started coverage on shares of Rambus in a research report on Friday, June 3rd. They issued a “buy” rating and a $15.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Rambus has an average rating of “Hold” and an average target price of $13.71.

The firm’s 50 day moving average price is $12.02 and its 200-day moving average price is $12.26. The firm has a market capitalization of $1.39 billion and a P/E ratio of 7.17.

Rambus (NASDAQ:RMBS) last posted its earnings results on Monday, April 18th. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The business earned $72.70 million during the quarter, compared to analyst estimates of $73.25 million. The company’s revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. Analysts predict that Rambus Inc. will post $0.59 EPS for the current year.

In other Rambus news, SVP Laura Stark sold 5,284 shares of the stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $11.21, for a total value of $59,233.64. Following the completion of the sale, the senior vice president now owns 173,893 shares in the company, valued at approximately $1,949,340.53. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director David A. Shrigley sold 5,000 shares of the stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $12.20, for a total transaction of $61,000.00. Following the completion of the sale, the director now owns 58,379 shares of the company’s stock, valued at approximately $712,223.80. The disclosure for this sale can be found here.

A number of large investors have recently bought and sold shares of RMBS. California State Teachers Retirement System raised its stake in Rambus by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 213,956 shares of the company’s stock valued at $2,480,000 after buying an additional 3,358 shares during the period. American Century Companies Inc. raised its stake in Rambus by 0.8% in the fourth quarter. American Century Companies Inc. now owns 164,839 shares of the company’s stock valued at $1,910,000 after buying an additional 1,250 shares during the period. Rhumbline Advisers raised its stake in Rambus by 27.7% in the fourth quarter. Rhumbline Advisers now owns 143,701 shares of the company’s stock valued at $1,665,000 after buying an additional 31,200 shares during the period. California Public Employees Retirement System increased its position in Rambus by 4.3% in the fourth quarter. California Public Employees Retirement System now owns 221,000 shares of the company’s stock worth $2,561,000 after buying an additional 9,100 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its position in Rambus by 12.7% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 143,161 shares of the company’s stock worth $1,659,000 after buying an additional 16,183 shares in the last quarter.

Rambus Inc is a technology solutions company. The Company’s technology portfolio addresses the evolving power, performance and security requirements of the mobile, cloud computing and connected device markets. It offers solutions in memory, chip interfaces and architectures, security and advanced light emitting diode (LED) lighting.

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