Rambus (RMBS) to Release Quarterly Earnings on Monday

Rambus (NASDAQ:RMBS) is expected to issue its quarterly earnings data after the market closes on Monday, February 3rd. Analysts expect the company to announce earnings of $0.58 per share and revenue of $160.08 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Rambus Stock Up 0.7 %

Shares of NASDAQ RMBS opened at $61.62 on Friday. The company has a market capitalization of $6.57 billion, a PE ratio of 38.27 and a beta of 1.23. The stock’s 50 day moving average price is $57.64 and its 200-day moving average price is $50.31. Rambus has a twelve month low of $37.42 and a twelve month high of $70.87.

Analysts Set New Price Targets

A number of brokerages have issued reports on RMBS. Robert W. Baird started coverage on Rambus in a research note on Monday, November 25th. They issued an “outperform” rating and a $90.00 price objective for the company. Wells Fargo & Company assumed coverage on shares of Rambus in a research report on Wednesday, November 6th. They set an “overweight” rating and a $62.00 price target for the company. Loop Capital initiated coverage on shares of Rambus in a research report on Monday, November 11th. They issued a “buy” rating and a $70.00 price objective on the stock. Rosenblatt Securities restated a “buy” rating and set a $85.00 price target on shares of Rambus in a research note on Tuesday, October 29th. Finally, Baird R W upgraded Rambus to a “strong-buy” rating in a research note on Monday, November 25th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $74.67.

Insider Activity

In other Rambus news, Director Meera Rao sold 5,408 shares of Rambus stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $58.22, for a total transaction of $314,853.76. Following the completion of the transaction, the director now owns 29,090 shares of the company’s stock, valued at $1,693,619.80. The trade was a 15.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company’s stock.

Rambus Company Profile

Rambus Inc provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP.