Rambus (RMBS) was Initiated by Wunderlich to “Buy” and the brokerage firm has set the Price Target at $15. Wunderlich advised their investors in a research report released on Jun 3, 2016.
Many Wall Street Analysts have commented on Rambus. Rambus was Downgraded by Sidoti to ” Neutral” on Mar 7, 2016.
On the company’s financial health, Rambus reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 18, 2016. Analyst had a consensus of $0.12. The company had revenue of $72.70 million for the quarter, compared to analysts expectations of $73.25 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.
Rambus opened for trading at $12.01 and hit $12.195 on the upside on Wednesday, eventually ending the session at $12.16, with a gain of 0.50% or 0.06 points. The heightened volatility saw the trading volume jump to 4,12,786 shares. Company has a market cap of $1,339 M.
In a different news, on May 6, 2016, Laura Stark (SVP, GM ESD) sold 5,284 shares at $11.21 per share price. According to the SEC, on Apr 29, 2016, David A Shrigley (director) sold 5,000 shares at $12.20 per share price. On Apr 4, 2016, Satish Rishi (SVP Finance, CFO) sold 2,000 shares at $13.60 per share price, according to the Form-4 filing with the securities and exchange commission.
Rambus Inc. is a technology solutions company. The Companys 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. The Company has four operational units: Memory and Interfaces Division (MID) which focuses on the design development and licensing of technology that is related to memory and interfaces; Cryptography Research Division (CRD) which focuses on the design development and licensing of technologies for chip and system security and anti-counterfeiting; Emerging Solutions Division (ESD) which includes the Companys computational sensing and imaging group along with its development efforts in the area of emerging technologies and Lighting and Display Technologies (LDT) which focuses on the design development and licensing of technologies for lighting.