Insider Selling: Rambus, Inc. (RMBS) SVP Sells 2,940 Shares of Stock
Rambus, Inc. (NASDAQ:RMBS) SVP Laura Stark sold 2,940 shares of the stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $14.10, for a total value of $41,454.00. Following the sale, the senior vice president now owns 199,673 shares in the company, valued at approximately $2,815,389.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Laura Stark also recently made the following trade(s):
- On Monday, December 11th, Laura Stark sold 4,064 shares of Rambus stock. The stock was sold at an average price of $14.72, for a total value of $59,822.08.
- On Friday, November 10th, Laura Stark sold 2,937 shares of Rambus stock. The stock was sold at an average price of $14.48, for a total value of $42,527.76.
Rambus, Inc. (NASDAQ:RMBS) traded up $0.01 during trading on Friday, reaching $14.36. The company had a trading volume of 453,760 shares, compared to its average volume of 836,299. The company has a market capitalization of $1,575.32, a PE ratio of 28.70, a price-to-earnings-growth ratio of 2.56 and a beta of 0.75. Rambus, Inc. has a fifty-two week low of $11.30 and a fifty-two week high of $15.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.37.
A number of institutional investors have recently bought and sold shares of RMBS. Dalton Greiner Hartman Maher & Co. bought a new position in Rambus in the fourth quarter valued at about $17,514,000. Renaissance Technologies LLC boosted its holdings in Rambus by 40.1% during the second quarter. Renaissance Technologies LLC now owns 2,908,586 shares of the semiconductor company’s stock worth $33,245,000 after buying an additional 832,386 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in Rambus by 9.5% during the third quarter. Neuberger Berman Group LLC now owns 3,803,318 shares of the semiconductor company’s stock worth $50,774,000 after buying an additional 329,930 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Rambus by 1.9% during the second quarter. Vanguard Group Inc. now owns 10,036,227 shares of the semiconductor company’s stock worth $114,714,000 after buying an additional 188,666 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in Rambus by 1,423.8% during the second quarter. Quantbot Technologies LP now owns 199,719 shares of the semiconductor company’s stock worth $2,282,000 after buying an additional 186,612 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.
Several analysts have recently commented on RMBS shares. Zacks Investment Research upgraded Rambus from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Friday, October 27th. Loop Capital reiterated a “buy” rating and issued a $19.00 price target (up previously from $16.00) on shares of Rambus in a report on Tuesday, October 24th. Citigroup raised their price target on Rambus from $15.30 to $15.90 and gave the company a “buy” rating in a report on Wednesday, October 25th. BidaskClub cut Rambus from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Finally, JPMorgan Chase & Co. cut Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 price target on the stock. in a report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.98.
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Rambus Inc (Rambus) produces hardware and software technologies. The Company’s segments include Memory and Interface Division (MID), which focuses the design, development, manufacturing through partnerships and licensing of technology and solutions that is related to memory and interfaces; Rambus Security Division (RSD), which focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments; Emerging Solutions Division (ESD), which encompasses its long-term research and development efforts in the area of emerging technologies, and Rambus Lighting Division (RLD), which focuses on the design, development and licensing of technologies for lighting.
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