Rambus, Inc. (NASDAQ:RMBS) was downgraded by equities researchers at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research report issued on Friday, Marketbeat reports. They currently have a $15.00 target price on the semiconductor company’s stock. J P Morgan Chase & Co’s price objective would indicate a potential upside of 15.12% from the stock’s current price.

Other research analysts also recently issued research reports about the company. BidaskClub downgraded Rambus from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Jefferies Group LLC reissued a “hold” rating and set a $14.00 target price (up previously from $13.50) on shares of Rambus in a research note on Tuesday, July 25th. TheStreet downgraded Rambus from a “b-” rating to a “c+” rating in a research note on Friday, June 16th. Zacks Investment Research downgraded Rambus from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Loop Capital reissued a “buy” rating and set a $16.00 target price on shares of Rambus in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.63.

Shares of Rambus (NASDAQ:RMBS) traded down 2.32% during midday trading on Friday, reaching $13.03. 1,210,725 shares of the company’s stock were exchanged. The company’s 50 day moving average is $12.90 and its 200-day moving average is $12.59. The stock has a market cap of $1.42 billion, a PE ratio of 217.17 and a beta of 0.91. Rambus has a 12 month low of $11.30 and a 12 month high of $14.39.

Rambus (NASDAQ:RMBS) last issued its earnings results on Monday, July 24th. The semiconductor company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The firm had revenue of $94.70 million during the quarter, compared to the consensus estimate of $93.00 million. Rambus had a return on equity of 9.28% and a net margin of 1.76%. The business’s quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 earnings per share. Equities analysts forecast that Rambus will post $0.65 EPS for the current fiscal year.

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In other news, Director David A. Shrigley sold 5,000 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $12.98, for a total transaction of $64,900.00. Following the sale, the director now directly owns 46,253 shares in the company, valued at $600,363.94. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Laura Stark sold 3,491 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $12.90, for a total value of $45,033.90. Following the sale, the senior vice president now owns 208,474 shares in the company, valued at $2,689,314.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,348 shares of company stock worth $769,258. Company insiders own 2.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC grew its holdings in shares of Rambus by 88.5% during the first quarter. LS Investment Advisors LLC now owns 7,648 shares of the semiconductor company’s stock worth $100,000 after purchasing an additional 3,590 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Rambus by 9.2% during the second quarter. Ameritas Investment Partners Inc. now owns 9,734 shares of the semiconductor company’s stock worth $111,000 after purchasing an additional 822 shares during the last quarter. Shelton Capital Management bought a new stake in shares of Rambus during the second quarter worth about $126,000. Engineers Gate Manager LP bought a new stake in shares of Rambus during the first quarter worth about $135,000. Finally, Trexquant Investment LP bought a new stake in shares of Rambus during the second quarter worth about $137,000. Institutional investors own 76.47% of the company’s stock.

Rambus Company Profile

Rambus Inc (Rambus) produces hardware and software technologies. The Company’s segments include Memory and Interface Division (MID), which focuses the design, development, manufacturing through partnerships and licensing of technology and solutions that is related to memory and interfaces; Rambus Security Division (RSD), which focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments; Emerging Solutions Division (ESD), which encompasses its long-term research and development efforts in the area of emerging technologies, and Rambus Lighting Division (RLD), which focuses on the design, development and licensing of technologies for lighting.

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