Rambus (RMBS) Projected to Post Quarterly Earnings on Monday

Rambus (NASDAQ:RMBS - Get Free Report) will likely be releasing its Q1 2025 earnings data after the market closes on Monday, April 28th. Analysts expect Rambus to post earnings of $0.55 per share and revenue of $162.83 million for the quarter.

Rambus Trading Up 3.2 %

Shares of NASDAQ RMBS traded up $1.59 during midday trading on Friday, hitting $50.95. The company's stock had a trading volume of 633,406 shares, compared to its average volume of 1,300,128. The business's 50 day moving average is $52.63 and its two-hundred day moving average is $54.26. Rambus has a 12-month low of $37.43 and a 12-month high of $69.15. The firm has a market cap of $5.47 billion, a P/E ratio of 30.69 and a beta of 1.20.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RMBS. Evercore ISI started coverage on shares of Rambus in a research note on Tuesday, February 4th. They set an "outperform" rating and a $71.00 target price for the company. Susquehanna upped their target price on shares of Rambus from $66.00 to $70.00 and gave the stock a "positive" rating in a research note on Tuesday, February 4th. StockNews.com raised shares of Rambus from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. Wells Fargo & Company increased their price objective on Rambus from $62.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Finally, Rosenblatt Securities boosted their price target on shares of Rambus from $85.00 to $92.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $76.71.

Insider Buying and Selling

In other Rambus news, COO Xianzhi Sean Fan sold 52,327 shares of Rambus stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total transaction of $3,559,282.54. Following the completion of the sale, the chief operating officer now owns 93,841 shares of the company's stock, valued at approximately $6,383,064.82. The trade was a 35.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Luc Seraphin sold 6,348 shares of Rambus stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $46.97, for a total value of $298,165.56. Following the sale, the chief executive officer now directly owns 319,241 shares of the company's stock, valued at $14,994,749.77. This trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,300 shares of company stock worth $6,745,221 in the last three months. Corporate 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.