Rambus (NASDAQ:RMBS – Get Free Report) announced its quarterly earnings data on Monday. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.12), Briefing.com reports. Rambus had a return on equity of 16.88% and a net margin of 48.31%. The firm had revenue of $132.10 million during the quarter, compared to the consensus estimate of $139.00 million. During the same period last year, the company earned $0.36 EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. Rambus updated its Q3 2024 guidance to EPS.
Rambus Stock Performance
Shares of RMBS opened at $50.49 on Wednesday. Rambus has a one year low of $48.10 and a one year high of $76.38. The stock has a market cap of $5.44 billion, a P/E ratio of 14.86 and a beta of 1.20. The stock has a 50-day moving average of $58.16 and a two-hundred day moving average of $59.94.
Insider Activity at Rambus
In related news, Director Eric B. Stang sold 5,408 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $56.95, for a total transaction of $307,985.60. Following the completion of the transaction, the director now owns 32,422 shares of the company’s stock, valued at $1,846,432.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on Rambus
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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