Rambus Inc. (NASDAQ:RMBS) Director David A. Shrigley sold 5,000 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $14.18, for a total transaction of $70,900.00. Following the completion of the sale, the director now directly owns 48,045 shares of the company’s stock, valued at $681,278.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Rambus Inc. (NASDAQ RMBS) opened at $12.84 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.34 and a current ratio of 2.80. Rambus Inc. has a 52 week low of $11.30 and a 52 week high of $15.50. The company has a market cap of $1,386.50 and a PE ratio of 25.26.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings data on Monday, January 29th. The semiconductor company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. Rambus had a negative net margin of 4.70% and a positive return on equity of 9.56%. The company had revenue of $101.89 million during the quarter, compared to analyst estimates of $101.25 million. During the same period in the prior year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. equities research analysts predict that Rambus Inc. will post 0.56 EPS for the current fiscal year.

A number of equities research analysts have weighed in on RMBS shares. Zacks Investment Research raised shares of Rambus from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Friday, October 27th. Loop Capital reissued a “buy” rating and issued a $19.00 price target (up from $16.00) on shares of Rambus in a report on Tuesday, October 24th. BidaskClub downgraded shares of Rambus from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 24th. Citigroup upped their price objective on shares of Rambus from $15.30 to $15.90 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, Benchmark reaffirmed a “buy” rating and set a $18.00 price objective (up from $16.00) on shares of Rambus in a research note on Thursday, January 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $16.32.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Rambus by 1.9% during the second quarter. Vanguard Group Inc. now owns 10,036,227 shares of the semiconductor company’s stock valued at $114,714,000 after buying an additional 188,666 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Rambus by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 4,474,536 shares of the semiconductor company’s stock valued at $59,736,000 after buying an additional 12,609 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in Rambus by 9.5% during the third quarter. Neuberger Berman Group LLC now owns 3,803,318 shares of the semiconductor company’s stock valued at $50,774,000 after buying an additional 329,930 shares in the last quarter. State Street Corp lifted its stake in Rambus by 4.0% during the second quarter. State Street Corp now owns 3,084,528 shares of the semiconductor company’s stock valued at $35,256,000 after buying an additional 119,833 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Rambus by 40.1% in the 2nd quarter. Renaissance Technologies LLC now owns 2,908,586 shares of the semiconductor company’s stock valued at $33,245,000 after purchasing an additional 832,386 shares during the period. 78.35% of the stock is owned by institutional investors.

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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.

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

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