Press coverage about Rambus (NASDAQ:RMBS) has trended positive this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rambus earned a media sentiment score of 0.30 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 43.9006275269098 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Rambus (RMBS) Upgraded to “Sell” by BidaskClub (americanbankingnews.com)
- Rambus Inc. (NASDAQ:RMBS) – Analysts’ Report Recap – Nasdaq Journal (nasdaqjournal.com)
- Rambus Inc. (RMBS) -Important Detailed Discussion – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Technicals in Focus – Rambus Inc (NASDAQ: RMBS) – Alpha Beta Stock (alphabetastock.com)
- Lehman to Pay $2.4 Billion to End Crisis-Era Mortgage Claims (finance.yahoo.com)
RMBS has been the subject of a number of research analyst reports. BidaskClub cut Rambus from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Zacks Investment Research cut Rambus from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. ValuEngine upgraded Rambus from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Benchmark restated a “buy” rating and set a $18.00 price objective (up previously from $16.00) on shares of Rambus in a report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Rambus currently has a consensus rating of “Hold” and an average price target of $16.32.
Rambus (NASDAQ:RMBS) last issued its quarterly earnings results on Monday, January 29th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $101.89 million during the quarter, compared to analysts’ expectations of $101.25 million. Rambus had a positive return on equity of 9.54% and a negative net margin of 4.70%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 earnings per share. research analysts predict that Rambus will post 0.66 EPS for the current year.
In related news, Director David A. Shrigley sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $14.18, for a total value of $70,900.00. Following the completion of the sale, the director now directly owns 48,045 shares in the company, valued at $681,278.10. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Charles Kissner sold 6,347 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $14.27, for a total value of $90,571.69. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,989 shares of company stock valued at $469,914. 2.00% of the stock is currently owned by corporate insiders.
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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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