Rambus Inc. (NASDAQ:RMBS) CEO Luc Seraphin sold 15,733 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $9.77, for a total value of $153,711.41. Following the completion of the transaction, the chief executive officer now owns 206,217 shares in the company, valued at approximately $2,014,740.09. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Wednesday, January 29th, Luc Seraphin sold 21,959 shares of Rambus stock. The shares were sold at an average price of $15.50, for a total value of $340,364.50.

Shares of RMBS stock opened at $11.41 on Thursday. The stock’s fifty day moving average is $13.75 and its two-hundred day moving average is $13.68. The company has a debt-to-equity ratio of 0.19, a quick ratio of 7.60 and a current ratio of 7.71. The firm has a market capitalization of $1.09 billion, a P/E ratio of -13.91, a PEG ratio of 0.81 and a beta of 0.73. Rambus Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $16.98.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings results on Monday, January 27th. The semiconductor company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.25 by ($0.34). Rambus had a negative return on equity of 3.26% and a negative net margin of 40.36%. The company had revenue of $104.30 million for the quarter, compared to analysts’ expectations of $98.03 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. On average, equities analysts forecast that Rambus Inc. will post 0.79 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Carroll Financial Associates Inc. purchased a new position in shares of Rambus during the 4th quarter worth $38,000. Acadian Asset Management LLC purchased a new position in shares of Rambus during the 4th quarter worth $294,000. California State Teachers Retirement System raised its holdings in shares of Rambus by 2.5% during the 3rd quarter. California State Teachers Retirement System now owns 174,306 shares of the semiconductor company’s stock worth $2,288,000 after acquiring an additional 4,249 shares during the period. Stifel Financial Corp raised its holdings in shares of Rambus by 1.0% during the 3rd quarter. Stifel Financial Corp now owns 173,698 shares of the semiconductor company’s stock worth $2,279,000 after acquiring an additional 1,786 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Rambus by 1,162.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 24,686 shares of the semiconductor company’s stock worth $324,000 after acquiring an additional 22,731 shares during the period. Institutional investors and hedge funds own 83.01% of the company’s stock.

A number of research analysts have weighed in on the company. Roth Capital restated a “buy” rating and issued a $18.00 price objective on shares of Rambus in a report on Tuesday, January 28th. Citigroup raised their price objective on Rambus from $16.00 to $17.30 and gave the company a “buy” rating in a report on Wednesday, January 29th. BidaskClub lowered Rambus from a “hold” rating to a “sell” rating in a report on Friday, March 13th. Finally, Zacks Investment Research upgraded Rambus from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Saturday, February 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $16.66.

Rambus Company Profile

Rambus Inc provides semiconductor products in the United States, Japan, Europe, Taiwan, China, South Korea, Canada, Singapore, Asia, and internationally. The company operates through three divisions: Memory and Interfaces, Rambus Security, and Emerging Solutions. The Memory and Interfaces division engages in the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces.

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