Rambus (NASDAQ:RMBS – Get Free Report) is scheduled to be releasing its earnings data after the market closes on Monday, April 29th. Analysts expect Rambus to post earnings of $0.44 per share for the quarter. Rambus has set its Q1 2024 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.
Rambus (NASDAQ:RMBS – Get Free Report) last posted its quarterly earnings results on Monday, February 5th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. The company had revenue of $136.00 million for the quarter, compared to analyst estimates of $134.00 million. Rambus had a net margin of 72.41% and a return on equity of 17.70%. On average, analysts expect Rambus to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Rambus Price Performance
NASDAQ RMBS opened at $59.23 on Friday. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 19.74 and a beta of 1.16. The company’s fifty day moving average is $59.98 and its two-hundred day moving average is $62.54. Rambus has a 52-week low of $43.58 and a 52-week high of $76.38.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on Rambus
Insider Activity at Rambus
In related news, COO Xianzhi Sean Fan sold 2,004 shares of Rambus stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $55.00, for a total transaction of $110,220.00. Following the completion of the transaction, the chief operating officer now directly owns 121,229 shares of the company’s stock, valued at approximately $6,667,595. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Rambus news, CEO Luc Seraphin sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $62.17, for a total value of $932,550.00. Following the completion of the transaction, the chief executive officer now directly owns 304,755 shares of the company’s stock, valued at $18,946,618.35. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Xianzhi Sean Fan sold 2,004 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $55.00, for a total transaction of $110,220.00. Following the completion of the transaction, the chief operating officer now directly owns 121,229 shares of the company’s stock, valued at $6,667,595. The disclosure for this sale can be found here. Insiders sold 121,084 shares of company stock valued at $7,408,298 in the last ninety days. Insiders own 1.00% of the company’s stock.
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.
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