Laura Stark Sells 4,064 Shares of Rambus, Inc. (RMBS) Stock
Rambus, Inc. (NASDAQ:RMBS) SVP Laura Stark sold 4,064 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $14.72, for a total transaction of $59,822.08. Following the transaction, the senior vice president now owns 200,797 shares of the company’s stock, valued at approximately $2,955,731.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Laura Stark also recently made the following trade(s):
- On Friday, November 10th, Laura Stark sold 2,937 shares of Rambus stock. The shares were sold at an average price of $14.48, for a total transaction of $42,527.76.
- On Wednesday, October 11th, Laura Stark sold 3,069 shares of Rambus stock. The shares were sold at an average price of $13.65, for a total transaction of $41,891.85.
Rambus, Inc. (RMBS) traded up $0.08 during trading on Thursday, hitting $14.75. 987,200 shares of the stock traded hands, compared to its average volume of 793,325. The firm has a market capitalization of $1,620.00, a PE ratio of 29.34, a PEG ratio of 2.79 and a beta of 0.74. Rambus, Inc. has a 12 month low of $11.30 and a 12 month high of $15.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.37 and a quick ratio of 1.34.
Rambus (NASDAQ:RMBS) last released its quarterly earnings results on Monday, October 23rd. The semiconductor company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The company had revenue of $99.10 million during the quarter, compared to analysts’ expectations of $99.00 million. Rambus had a net margin of 2.54% and a return on equity of 9.79%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 earnings per share. equities research analysts forecast that Rambus, Inc. will post 0.52 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP boosted its holdings in shares of Rambus by 611.4% in the second quarter. Engineers Gate Manager LP now owns 73,345 shares of the semiconductor company’s stock valued at $838,000 after buying an additional 63,035 shares during the period. Cipher Capital LP boosted its holdings in Rambus by 25.2% during the second quarter. Cipher Capital LP now owns 298,503 shares of the semiconductor company’s stock worth $3,412,000 after purchasing an additional 60,021 shares during the last quarter. Aperio Group LLC boosted its holdings in Rambus by 27.9% during the second quarter. Aperio Group LLC now owns 34,028 shares of the semiconductor company’s stock worth $389,000 after purchasing an additional 7,419 shares during the last quarter. Wesbanco Bank Inc. acquired a new position in Rambus during the third quarter worth $761,000. Finally, GSA Capital Partners LLP boosted its holdings in Rambus by 523.6% during the second quarter. GSA Capital Partners LLP now owns 137,897 shares of the semiconductor company’s stock worth $1,576,000 after purchasing an additional 115,784 shares during the last quarter. Institutional investors own 77.04% of the company’s stock.
RMBS has been the subject of a number of analyst reports. Loop Capital restated a “buy” rating and set a $16.00 price objective on shares of Rambus in a report on Tuesday, August 22nd. BidaskClub cut shares of Rambus from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Zacks Investment Research cut shares of Rambus from a “buy” rating to a “hold” rating in a report on Friday, August 25th. J P Morgan Chase & Co cut shares of Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 price target for the company. in a report on Friday, September 22nd. Finally, TheStreet upgraded shares of Rambus from a “c+” rating to a “b-” rating in a report on Friday, October 13th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $15.98.
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Rambus Company Profile
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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