Rambus Inc. (NASDAQ:RMBS) CEO Luc Seraphin Sells 10,000 Shares

Rambus Inc. (NASDAQ:RMBS) CEO Luc Seraphin sold 10,000 shares of Rambus stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $53.79, for a total transaction of $537,900.00. Following the sale, the chief executive officer now directly owns 316,931 shares in the company, valued at $17,047,718.49. This trade represents a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Rambus Price Performance

RMBS opened at $56.82 on Friday. Rambus Inc. has a fifty-two week low of $37.43 and a fifty-two week high of $69.15. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 34.23 and a beta of 1.25. The company’s 50 day moving average price is $59.55 and its two-hundred day moving average price is $52.65.

Institutional Investors Weigh In On Rambus

A number of institutional investors have recently modified their holdings of the company. Lindbrook Capital LLC boosted its stake in shares of Rambus by 12.3% in the 4th quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company’s stock valued at $80,000 after purchasing an additional 166 shares during the last quarter. Mariner LLC boosted its stake in shares of Rambus by 1.4% in the 4th quarter. Mariner LLC now owns 12,473 shares of the semiconductor company’s stock valued at $659,000 after purchasing an additional 167 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of Rambus by 0.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 45,400 shares of the semiconductor company’s stock valued at $2,400,000 after purchasing an additional 200 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Rambus by 0.7% in the 4th quarter. Arizona State Retirement System now owns 31,237 shares of the semiconductor company’s stock valued at $1,651,000 after purchasing an additional 202 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its stake in shares of Rambus by 2.8% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 8,925 shares of the semiconductor company’s stock valued at $472,000 after purchasing an additional 246 shares during the last quarter. 88.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com lowered shares of Rambus from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Susquehanna lifted their price target on shares of Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a report on Tuesday, February 4th. Rosenblatt Securities lifted their price target on shares of Rambus from $85.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Evercore ISI assumed coverage on shares of Rambus in a report on Tuesday, February 4th. They set an “outperform” rating and a $71.00 target price on the stock. Finally, Robert W. Baird set a $90.00 target price on shares of Rambus in a report on Monday, February 3rd. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $76.71.

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.