Insider Selling: Rambus Inc. (NASDAQ:RMBS) Director Sells $314,853.76 in Stock

Rambus Inc. (NASDAQ:RMBS) Director Meera Rao sold 5,408 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $58.22, for a total value of $314,853.76. Following the transaction, the director now directly owns 29,090 shares in the company, valued at approximately $1,693,619.80. The trade was a 15.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Rambus Trading Down 1.2 %

Shares of NASDAQ:RMBS opened at $57.41 on Monday. Rambus Inc. has a twelve month low of $37.42 and a twelve month high of $76.38. The company has a market cap of $6.12 billion, a PE ratio of 35.66 and a beta of 1.22. The company’s 50 day moving average is $51.12 and its 200 day moving average is $50.42.

Institutional Trading of Rambus

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP lifted its position in Rambus by 40.3% during the third quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 264 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Rambus by 68.7% in the 2nd quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 296 shares during the period. Chartwell Investment Partners LLC grew its holdings in Rambus by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 38,956 shares of the semiconductor company’s stock worth $1,645,000 after acquiring an additional 318 shares during the period. Great Valley Advisor Group Inc. grew its holdings in Rambus by 4.3% during the third quarter. Great Valley Advisor Group Inc. now owns 8,550 shares of the semiconductor company’s stock worth $361,000 after acquiring an additional 350 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in Rambus by 11.0% during the second quarter. Nisa Investment Advisors LLC now owns 4,996 shares of the semiconductor company’s stock valued at $294,000 after acquiring an additional 496 shares in the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on RMBS shares. Baird R W raised Rambus to a “strong-buy” rating in a research report on Monday, November 25th. Wells Fargo & Company began coverage on Rambus in a research note on Wednesday, November 6th. They set an “overweight” rating and a $62.00 price target on the stock. Robert W. Baird assumed coverage on shares of Rambus in a research report on Monday, November 25th. They issued an “outperform” rating and a $90.00 price objective for the company. Loop Capital initiated coverage on shares of Rambus in a research report on Monday, November 11th. They set a “buy” rating and a $70.00 target price on the stock. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price target on shares of Rambus in a report on Tuesday, October 29th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Rambus presently has a consensus rating of “Buy” and a consensus price target of $74.67.

Rambus Company Profile

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.