Rambus Inc. (NASDAQ:RMBS) CEO Luc Seraphin Sells 15,000 Shares

Rambus Inc. (NASDAQ:RMBSGet Free Report) CEO Luc Seraphin sold 15,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $61.35, for a total value of $920,250.00. Following the transaction, the chief executive officer now owns 268,321 shares of the company’s stock, valued at $16,461,493.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Luc Seraphin also recently made the following trade(s):

  • On Tuesday, April 2nd, Luc Seraphin sold 15,000 shares of Rambus stock. The stock was sold at an average price of $59.93, for a total value of $898,950.00.
  • On Tuesday, March 26th, Luc Seraphin sold 15,000 shares of Rambus stock. The stock was sold at an average price of $62.69, for a total value of $940,350.00.
  • On Tuesday, March 19th, Luc Seraphin sold 15,000 shares of Rambus stock. The stock was sold at an average price of $58.35, for a total value of $875,250.00.
  • On Tuesday, March 12th, Luc Seraphin sold 15,000 shares of Rambus stock. The shares were sold at an average price of $62.69, for a total value of $940,350.00.
  • On Tuesday, March 5th, Luc Seraphin sold 15,000 shares of Rambus stock. The stock was sold at an average price of $62.17, for a total value of $932,550.00.

Rambus Trading Down 3.5 %

Shares of NASDAQ:RMBS opened at $60.14 on Friday. The company has a market capitalization of $6.53 billion, a PE ratio of 20.11 and a beta of 1.16. Rambus Inc. has a twelve month low of $43.58 and a twelve month high of $76.38. The firm has a 50 day simple moving average of $60.23 and a 200-day simple moving average of $62.44.

Rambus (NASDAQ:RMBSGet Free Report) last issued its quarterly earnings data on Monday, February 5th. The semiconductor company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. The business had revenue of $136.00 million during the quarter, compared to the consensus estimate of $134.00 million. Rambus had a net margin of 72.41% and a return on equity of 17.70%. As a group, equities research analysts predict that Rambus Inc. will post 1.63 EPS for the current fiscal year.

Institutional Trading of Rambus

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in Rambus by 1.7% in the first quarter. BlackRock Inc. now owns 17,864,310 shares of the semiconductor company’s stock valued at $915,725,000 after acquiring an additional 295,147 shares during the period. Vanguard Group Inc. lifted its holdings in Rambus by 2.6% in the third quarter. Vanguard Group Inc. now owns 12,586,966 shares of the semiconductor company’s stock valued at $319,960,000 after acquiring an additional 314,467 shares during the period. State Street Corp lifted its holdings in Rambus by 3.3% in the third quarter. State Street Corp now owns 4,855,801 shares of the semiconductor company’s stock valued at $123,434,000 after acquiring an additional 155,076 shares during the period. JPMorgan Chase & Co. lifted its holdings in Rambus by 14.8% in the third quarter. JPMorgan Chase & Co. now owns 4,794,327 shares of the semiconductor company’s stock valued at $267,476,000 after acquiring an additional 616,670 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Rambus by 120.4% in the fourth quarter. Wellington Management Group LLP now owns 3,933,923 shares of the semiconductor company’s stock valued at $268,490,000 after acquiring an additional 2,149,396 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Rambus in a research note on Wednesday, March 13th. Wells Fargo & Company boosted their price target on shares of Rambus from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.20.

Read Our Latest Stock Report on RMBS

Rambus Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Rambus (NASDAQ:RMBS)

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