Rambus (RMBS) Expected to Announce Earnings on Monday

Rambus (NASDAQ:RMBS) is projected to announce its earnings results 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. Investors interested in participating in the company’s conference call can do so using this link.

Rambus Stock Up 0.7 %

Rambus stock opened at $61.62 on Friday. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 38.27 and a beta of 1.23. The business’s 50-day moving average price is $57.64 and its 200 day moving average price is $50.21. Rambus has a 52 week low of $37.42 and a 52 week high of $70.87.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Rambus news, Director Meera Rao sold 5,408 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $58.22, for a total transaction of $314,853.76. Following the sale, the director now directly owns 29,090 shares in the company, valued at $1,693,619.80. This represents 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. 1.00% of the stock is owned by corporate insiders.

About Rambus

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.