Equities research analysts expect that Rambus, Inc. (NASDAQ:RMBS) will post $99.00 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Rambus’ earnings, with the lowest sales estimate coming in at $98.99 million and the highest estimate coming in at $99.00 million. Rambus reported sales of $89.86 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10.2%. The business is scheduled to announce its next earnings report on Monday, October 23rd.

On average, analysts expect that Rambus will report full-year sales of $99.00 million for the current financial year, with estimates ranging from $391.42 million to $392.10 million. For the next financial year, analysts anticipate that the company will post sales of $413.83 million per share, with estimates ranging from $406.46 million to $421.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Rambus.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings data 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. Rambus had a return on equity of 9.28% and a net margin of 1.76%. The company had revenue of $94.70 million during the quarter, compared to analyst estimates of $93.00 million. During the same period in the previous year, the business earned $0.15 EPS. Rambus’s quarterly revenue was up 23.8% on a year-over-year basis.

A number of brokerages have recently weighed in on RMBS. Loop Capital reissued a “buy” rating and set a $16.00 price objective on shares of Rambus in a research note on Tuesday, August 22nd. J P Morgan Chase & Co cut shares of Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research note on Friday. Jefferies Group LLC reissued a “hold” rating and set a $14.00 price objective (up from $13.50) on shares of Rambus in a research note on Tuesday, July 25th. BidaskClub cut shares of Rambus from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research raised shares of Rambus from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $14.75.

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In other Rambus news, Director David A. Shrigley sold 5,000 shares of Rambus stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $12.98, for a total value of $64,900.00. Following the completion of the sale, the director now directly owns 46,253 shares of the company’s stock, valued at approximately $600,363.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jae Kim sold 42,449 shares of Rambus stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $12.71, for a total transaction of $539,526.79. Following the completion of the sale, the senior vice president now directly owns 120,126 shares of the company’s stock, valued at $1,526,801.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,348 shares of company stock valued at $769,258. Corporate insiders own 2.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in RMBS. BlackRock Inc. grew its stake in Rambus by 17,759.2% in the 1st quarter. BlackRock Inc. now owns 14,458,840 shares of the semiconductor company’s stock worth $189,990,000 after acquiring an additional 14,377,880 shares during the period. Primecap Management Co. CA grew its stake in Rambus by 10.1% in the 1st quarter. Primecap Management Co. CA now owns 9,589,497 shares of the semiconductor company’s stock worth $126,006,000 after acquiring an additional 881,225 shares during the period. Renaissance Technologies LLC grew its stake in Rambus by 40.1% in the 2nd quarter. Renaissance Technologies LLC now owns 2,908,586 shares of the semiconductor company’s stock worth $33,245,000 after acquiring an additional 832,386 shares during the period. Teachers Advisors LLC grew its stake in Rambus by 420.9% in the 1st quarter. Teachers Advisors LLC now owns 928,813 shares of the semiconductor company’s stock worth $12,205,000 after acquiring an additional 750,499 shares during the period. Finally, Vanguard Group Inc. grew its stake in Rambus by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 9,847,561 shares of the semiconductor company’s stock worth $129,396,000 after acquiring an additional 513,316 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Rambus (NASDAQ:RMBS) traded down 2.32% during midday trading on Thursday, reaching $13.03. The company’s stock had a trading volume of 1,210,725 shares. The company’s 50-day moving average is $12.90 and its 200 day moving average is $12.59. The firm has a market capitalization of $1.42 billion, a P/E ratio of 217.17 and a beta of 0.91. Rambus has a 52 week low of $11.30 and a 52 week high of $14.39.

About Rambus

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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