What Will Happen to Rambus Inc. Next? The Stock Just Had Huge Bullish Options Activity

 What Will Happen to Rambus Inc. Next? The Stock Just Had Huge Bullish Options Activity

In today’s session Rambus Inc. (RMBS) registered an unusually high (929) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious RMBS increase. With 929 contracts traded and 9464 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: RMBS161216C00014000 closed last at: $0.11 or 45% down. About 78,495 shares traded hands. Rambus Inc. (NASDAQ:RMBS) has risen 13.11% since April 21, 2016 and is uptrending. It has outperformed by 7.78% the S&P500.

Analysts await Rambus Inc. (NASDAQ:RMBS) to report earnings on January, 23. They expect $0.13 earnings per share, down 18.75% or $0.03 from last year’s $0.16 per share. RMBS’s profit will be $14.62 million for 26.00 P/E if the $0.13 EPS becomes a reality. After $0.12 actual earnings per share reported by Rambus Inc. for the previous quarter, Wall Street now forecasts 8.33% EPS growth.

Rambus Inc. (NASDAQ:RMBS) Ratings Coverage

Out of 7 analysts covering Rambus Inc (NASDAQ:RMBS), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. $16 is the highest target while $11.50 is the lowest. The $14 average target is 3.55% above today’s ($13.52) stock price. Rambus Inc has been the topic of 12 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Wunderlich initiated the shares of RMBS in a report on Friday, June 3 with “Buy” rating. The stock has “Hold” rating given by Zacks on Thursday, August 27. Topeka Capital Markets maintained the shares of RMBS in a report on Tuesday, October 20 with “Buy” rating. The stock has “Neutral” rating given by JP Morgan on Tuesday, October 20. The firm earned “Buy” rating on Thursday, September 1 by Roth Capital. Citigroup maintained the stock with “Buy” rating in Wednesday, October 21 report. The stock has “Sell” rating given by Zacks on Saturday, August 22. As per Thursday, September 17, the company rating was upgraded by Sidoti. The rating was downgraded by Sidoti on Monday, March 7 to “Neutral”.

According to Zacks Investment Research, “Rambus, Inc. designs, develops, licenses and markets high-speed chip-to-chip interface technology to enhance the performance and cost-effectiveness of computers, consumer electronics and other electronic systems. The company licenses semiconductor companies to manufacture and sell memory and logic integrated circuits incorporating Rambus interface technology and markets its solution to systems companies to encourage them to design Rambus interface technology into their products.”

Insitutional Activity: The institutional sentiment increased to 1.62 in 2016 Q2. Its up 0.87, from 0.75 in 2016Q1. The ratio is positive, as 16 funds sold all Rambus Inc. shares owned while 57 reduced positions. 17 funds bought stakes while 38 increased positions. They now own 81.16 million shares or 4.21% less from 84.73 million shares in 2016Q1.
Price T Rowe Associate Inc Md holds 57,800 shares or 0% of its portfolio. Bessemer accumulated 0% or 417 shares. Peak6 Invests L P accumulated 0.01% or 63,772 shares. Pub Sector Pension Invest Board has invested 0.01% of its portfolio in Rambus Inc. (NASDAQ:RMBS). Apriem has 200 shares for 0% of their US portfolio. Teachers, a New York-based fund reported 172,889 shares. Rhumbline Advisers accumulated 159,200 shares or 0.01% of the stock. The New York-based Highbridge Ltd Liability has invested 0% in Rambus Inc. (NASDAQ:RMBS). The Arizona-based Arizona State Retirement Systems has invested 0.01% in Rambus Inc. (NASDAQ:RMBS). Ruggie Cap Grp has 3,800 shares for 0.04% of their US portfolio. Hartford Mngmt owns 1,405 shares or 0.01% of their US portfolio. Oak Ridge Ltd Liability has 3.93M shares for 1.22% of their US portfolio. Prudential holds 0.01% of its portfolio in Rambus Inc. (NASDAQ:RMBS) for 270,551 shares. Bnp Paribas Arbitrage Sa has invested 0% of its portfolio in Rambus Inc. (NASDAQ:RMBS). Morgan Stanley has 94,900 shares for 0% of their US portfolio.

Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 15 sales for $1.46 million net activity. $131,516 worth of shares were sold by Kim Jae on Monday, November 21. Another trade for 6,753 shares valued at $91,719 was made by STARK LAURA on Monday, August 8. 5,000 Rambus Inc. (NASDAQ:RMBS) shares with value of $68,950 were sold by SHRIGLEY DAVID A. The insider STANG ERIC B sold $172,882. BLACK RONALD D sold $399,033 worth of stock. HERSCHER PENNY had sold 6,809 shares worth $84,611 on Monday, October 3. $26,980 worth of Rambus Inc. (NASDAQ:RMBS) was sold by RISHI SATISH on Tuesday, July 19.

Rambus Inc. produces semiconductor and intellectual property products, spanning memory and interfaces to security, sensors and lighting. The company has a market cap of $1.52 billion. The Company’s products are integrated into devices and systems, powering and securing diverse applications, including big data and media platforms. It has a 65.62 P/E ratio. The Company’s divisions include Memory and Interfaces Division (MID) and Cryptography Research Division (CRD).

RMBS Company Profile

Rambus Inc., incorporated on February 3, 1997, produces semiconductor and intellectual property (IP) products, spanning memory and interfaces to security, sensors and lighting. The Company’s products are integrated into devices and systems, powering and securing diverse applications, including big data, Internet of things (IoT), mobile, consumer and media platforms. The Company’s divisions include Memory and Interfaces Division (MID) and Cryptography Research Division (CRD). The Firm has over four operational units, including MID, CRD, emerging solutions division (ESD), and lighting and display technologies (LDT). MID focuses on the design, development and licensing of technology that is related to memory and interfaces. CRD focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments. ESD includes its computational sensing and imaging group along with its development efforts in the area of emerging technologies. LDT focuses on the design, development and licensing of technologies for lighting. The Company’s inventions and technology solutions are offered to its clients through patent licenses, technology licenses, software licenses and the shipment of products.

Another recent and important Rambus Inc. (NASDAQ:RMBS) news was published by Streetinsider.com which published an article titled: “Form 4 RAMBUS INC For: Nov 21 Filed by: Kim Jae” on November 22, 2016.

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