Rambus (NASDAQ:RMBS) Director Sells $787,850.00 in Stock

Rambus, Inc. (NASDAQ:RMBS) Director Emiko Higashi sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $157.57, for a total transaction of $787,850.00. Following the sale, the director directly owned 59,519 shares of the company’s stock, valued at approximately $9,378,408.83. The trade was a 7.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Rambus Price Performance

Shares of RMBS stock opened at $145.46 on Friday. Rambus, Inc. has a 1 year low of $52.12 and a 1 year high of $161.80. The firm has a fifty day moving average price of $118.55 and a 200-day moving average price of $105.92. The company has a market cap of $15.73 billion, a price-to-earnings ratio of 69.27 and a beta of 1.79.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Rambus had a net margin of 31.90% and a return on equity of 17.41%. The firm had revenue of $180.19 million during the quarter, compared to the consensus estimate of $179.94 million. Equities research analysts expect that Rambus, Inc. will post 2.44 EPS for the current year.

Hedge Funds Weigh In On Rambus

Large investors have recently made changes to their positions in the business. Acumen Wealth Advisors LLC bought a new position in shares of Rambus during the 4th quarter valued at about $25,000. Torren Management LLC bought a new position in shares of Rambus during the 4th quarter valued at about $26,000. Spire Wealth Management boosted its holdings in shares of Rambus by 199.0% during the 4th quarter. Spire Wealth Management now owns 302 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 201 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in shares of Rambus during the 4th quarter valued at about $28,000. Finally, IFP Advisors Inc boosted its holdings in shares of Rambus by 126.7% during the 3rd quarter. IFP Advisors Inc now owns 442 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 247 shares during the last quarter. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RMBS has been the topic of several recent research reports. Susquehanna decreased their price objective on Rambus from $100.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. Evercore reaffirmed an “outperform” rating and issued a $172.00 price objective on shares of Rambus in a research note on Tuesday, April 28th. Wells Fargo & Company raised their price objective on Rambus from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Weiss Ratings downgraded Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, March 10th. Finally, Jefferies Financial Group raised their price objective on Rambus from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.43.

Rambus Company Profile

Rambus Inc is a technology licensing company specializing in semiconductor and system-level interface solutions. Founded in 1990 by Stanford University researchers Mike Farmwald and Mark Horowitz, Rambus established its headquarters in Sunnyvale, California. The company initially gained prominence by developing high-speed DRAM interface technology and securing a broad patent portfolio covering memory architecture, data signaling and power management innovations.

Today, Rambus licenses its proprietary intellectual property (IP) to semiconductor companies, original equipment manufacturers (OEMs) and system integrators worldwide.