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

Rambus Inc. (NASDAQ:RMBSGet Free Report) CEO Luc Seraphin sold 15,000 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $59.93, for a total transaction of $898,950.00. Following the sale, the chief executive officer now directly owns 283,321 shares of the company’s stock, valued at approximately $16,979,427.53. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, March 26th, Luc Seraphin sold 15,000 shares of Rambus stock. The shares were sold at an average price of $62.69, for a total transaction 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 transaction of $875,250.00.
  • On Tuesday, March 12th, Luc Seraphin sold 15,000 shares of Rambus stock. The stock was sold at an average price of $62.69, for a total transaction 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 transaction of $932,550.00.

Rambus Stock Down 4.4 %

NASDAQ:RMBS traded down $2.75 during trading hours on Tuesday, hitting $59.48. 1,346,688 shares of the company traded hands, compared to its average volume of 1,661,122. The firm’s 50-day simple moving average is $61.75 and its 200-day simple moving average is $62.27. Rambus Inc. has a one year low of $43.58 and a one year high of $76.38. The company has a market cap of $6.46 billion, a PE ratio of 19.83 and a beta of 1.16.

Rambus (NASDAQ:RMBSGet Free Report) last released its earnings results on Monday, February 5th. The semiconductor company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $136.00 million for the quarter, compared to analysts’ expectations of $134.00 million. Rambus had a return on equity of 17.70% and a net margin of 72.41%. As a group, equities research analysts expect that Rambus Inc. will post 1.63 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on Rambus

Institutional Investors Weigh In On Rambus

A number of hedge funds have recently made changes to their positions in RMBS. Mesirow Institutional Investment Management Inc. increased its holdings in Rambus by 40.9% in the 3rd quarter. Mesirow Institutional Investment Management Inc. now owns 240,656 shares of the semiconductor company’s stock worth $13,426,000 after acquiring an additional 69,895 shares during the last quarter. Diversified Trust Co increased its holdings in Rambus by 3.1% in the 4th quarter. Diversified Trust Co now owns 21,549 shares of the semiconductor company’s stock worth $1,471,000 after acquiring an additional 643 shares during the last quarter. WCM Investment Management LLC purchased a new position in Rambus during the 3rd quarter valued at about $9,204,000. DekaBank Deutsche Girozentrale purchased a new position in Rambus during the 3rd quarter valued at about $183,000. Finally, Barclays PLC grew its holdings in Rambus by 205.1% during the 3rd quarter. Barclays PLC now owns 307,486 shares of the semiconductor company’s stock valued at $17,154,000 after buying an additional 206,720 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors.

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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