Rambus Inc. (NASDAQ:RMBS) SVP Laura Stark sold 4,010 shares of the business’s stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $12.51, for a total value of $50,165.10. Following the completion of the sale, the senior vice president now owns 169,876 shares of the company’s stock, valued at $2,125,148.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Laura Stark also recently made the following trade(s):

  • On Tuesday, September 6th, Laura Stark sold 4,010 shares of Rambus stock. The shares were sold at an average price of $14.35, for a total value of $57,543.50.
  • On Monday, August 8th, Laura Stark sold 6,753 shares of Rambus stock. The shares were sold at an average price of $13.58, for a total value of $91,705.74.

Shares of Rambus Inc. (NASDAQ:RMBS) opened at 12.42 on Monday. The stock has a market capitalization of $1.36 billion, a PE ratio of 7.06 and a beta of 1.32. Rambus Inc. has a 12 month low of $9.86 and a 12 month high of $14.50. The company’s 50 day moving average price is $13.17 and its 200 day moving average price is $12.74.

Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, July 18th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The firm earned $76.50 million during the quarter, compared to analysts’ expectations of $74.44 million. Rambus had a return on equity of 10.40% and a net margin of 66.99%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. Equities analysts anticipate that Rambus Inc. will post $0.56 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Rambus (NASDAQ:RMBS)

RMBS has been the subject of a number of recent analyst reports. Citigroup Inc. boosted their price objective on Rambus from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, July 20th. Roth Capital initiated coverage on Rambus in a research report on Wednesday, August 31st. They issued a “buy” rating and a $16.00 price objective for the company. Zacks Investment Research upgraded Rambus from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. Jefferies Group restated a “hold” rating and issued a $12.50 price objective on shares of Rambus in a research report on Wednesday, July 6th. Finally, JPMorgan Chase & Co. restated a “hold” rating and issued a $12.50 price objective on shares of Rambus in a research report on Tuesday, July 5th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Rambus presently has an average rating of “Buy” and an average target price of $14.11.

Several hedge funds have recently made changes to their positions in RMBS. Aperio Group LLC boosted its stake in shares of Rambus by 8.3% in the first quarter. Aperio Group LLC now owns 22,621 shares of the company’s stock worth $311,000 after buying an additional 1,738 shares during the period. Pacad Investment Ltd. boosted its stake in shares of Rambus by 23.4% in the first quarter. Pacad Investment Ltd. now owns 24,302 shares of the company’s stock worth $334,000 after buying an additional 4,602 shares during the period. BlackRock Inc. boosted its stake in shares of Rambus by 1,078.1% in the first quarter. BlackRock Inc. now owns 61,639 shares of the company’s stock worth $848,000 after buying an additional 56,407 shares during the period. BlackRock Group LTD boosted its stake in shares of Rambus by 73.5% in the first quarter. BlackRock Group LTD now owns 257,490 shares of the company’s stock worth $3,541,000 after buying an additional 109,067 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Rambus by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,843,177 shares of the company’s stock worth $39,094,000 after buying an additional 20,178 shares during the period. 74.55% of the stock is owned by hedge funds and other institutional investors.

About Rambus

Rambus Inc produces semiconductor and Internet protocol (IP) products, spanning memory and interfaces to security, sensors and lighting. The Company’s products are integrated into devices and systems, powering and securing diverse applications, including big data and media platforms. Its segments include Memory and Interfaces Division (MID) and Cryptography Research Division (CRD).

5 Day Chart for NASDAQ:RMBS

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