Insider Selling: Rambus, Inc. (RMBS) SVP Sells $52,682.40 in Stock
Rambus, Inc. (NASDAQ:RMBS) SVP Laura Stark sold 4,065 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $12.96, for a total transaction of $52,682.40. Following the sale, the senior vice president now owns 207,221 shares of the company’s stock, valued at approximately $2,685,584.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Laura Stark also recently made the following trade(s):
- On Friday, August 11th, Laura Stark sold 3,640 shares of Rambus stock. The stock was sold at an average price of $12.59, for a total transaction of $45,827.60.
- On Wednesday, July 12th, Laura Stark sold 3,491 shares of Rambus stock. The stock was sold at an average price of $12.90, for a total transaction of $45,033.90.
Shares of Rambus, Inc. (NASDAQ:RMBS) traded up 1.75% during mid-day trading on Friday, reaching $13.38. 1,926,433 shares of the company’s stock traded hands. Rambus, Inc. has a 12-month low of $11.30 and a 12-month high of $14.39. The firm has a 50-day moving average of $12.87 and a 200 day moving average of $12.59. The company has a market cap of $1.46 billion, a P/E ratio of 223.00 and a beta of 0.91.
Rambus (NASDAQ:RMBS) last released its quarterly earnings data on Monday, July 24th. The semiconductor company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The business had revenue of $94.70 million for the quarter, compared to the consensus estimate of $93.00 million. Rambus had a net margin of 1.76% and a return on equity of 9.28%. The company’s revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. Equities analysts forecast that Rambus, Inc. will post $0.65 EPS for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LS Investment Advisors LLC lifted its holdings in shares of Rambus by 88.5% in the first quarter. LS Investment Advisors LLC now owns 7,648 shares of the semiconductor company’s stock worth $100,000 after buying an additional 3,590 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Rambus by 9.2% in the second quarter. Ameritas Investment Partners Inc. now owns 9,734 shares of the semiconductor company’s stock worth $111,000 after buying an additional 822 shares in the last quarter. Shelton Capital Management purchased a new stake in shares of Rambus in the second quarter worth about $126,000. Engineers Gate Manager LP purchased a new stake in shares of Rambus in the first quarter worth about $135,000. Finally, Trexquant Investment LP purchased a new stake in shares of Rambus in the second quarter worth about $137,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.
RMBS has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Rambus from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Saturday, August 26th. BidaskClub cut shares of Rambus from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Loop Capital reiterated a “buy” rating and issued a $16.00 price objective on shares of Rambus in a research note on Tuesday, August 22nd. Jefferies Group LLC reiterated a “hold” rating and issued a $14.00 price objective (up previously from $13.50) on shares of Rambus in a research note on Tuesday, July 25th. Finally, TheStreet cut shares of Rambus from a “b-” rating to a “c+” rating in a research note on Friday, June 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Rambus presently has an average rating of “Buy” and an average price target of $14.63.
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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