Rambus (NASDAQ:RMBS – Get Free Report) released its earnings results on Monday. The semiconductor company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.12), Briefing.com reports. The company had revenue of $132.10 million for the quarter, compared to the consensus estimate of $139.00 million. Rambus had a net margin of 78.14% and a return on equity of 16.99%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS. Rambus updated its Q3 2024 guidance to EPS.
Rambus Trading Down 13.0 %
Shares of RMBS stock opened at $48.58 on Wednesday. Rambus has a twelve month low of $48.10 and a twelve month high of $76.38. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 14.86 and a beta of 1.20. The stock has a fifty day simple moving average of $58.16 and a two-hundred day simple moving average of $59.94.
Insiders Place Their Bets
In related news, Director Eric B. Stang sold 5,408 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $56.95, for a total transaction of $307,985.60. Following the completion of the sale, the director now directly owns 32,422 shares in the company, valued at approximately $1,846,432.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on RMBS
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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