Rambus Inc. (NASDAQ:RMBS - Get Free Report) CEO Luc Seraphin sold 10,000 shares of Rambus stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $50.88, for a total transaction of $508,800.00. Following the transaction, the chief executive officer now owns 346,844 shares in the company, valued at approximately $17,647,422.72. This trade represents a 2.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Luc Seraphin also recently made the following trade(s):
- On Tuesday, March 25th, Luc Seraphin sold 10,000 shares of Rambus stock. The stock was sold at an average price of $58.64, for a total value of $586,400.00.
- On Tuesday, March 18th, Luc Seraphin sold 10,000 shares of Rambus stock. The stock was sold at an average price of $53.79, for a total value of $537,900.00.
Rambus Price Performance
Shares of RMBS opened at $46.15 on Friday. The stock has a 50-day moving average of $58.36 and a 200-day moving average of $53.62. The company has a market cap of $4.96 billion, a PE ratio of 27.80 and a beta of 1.25. Rambus Inc. has a one year low of $37.43 and a one year high of $69.15.
Analyst Ratings Changes
RMBS has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on Rambus from $62.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. StockNews.com lowered shares of Rambus from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Robert W. Baird set a $90.00 price objective on shares of Rambus in a research report on Monday, February 3rd. Rosenblatt Securities boosted their target price on shares of Rambus from $85.00 to $92.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Finally, Susquehanna increased their price target on Rambus from $66.00 to $70.00 and gave the stock a "positive" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $76.71.
Read Our Latest Analysis on RMBS
Institutional Investors Weigh In On Rambus
Several hedge funds and other institutional investors have recently modified their holdings of the company. Lindbrook Capital LLC grew its position in Rambus by 12.3% in the 4th quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company's stock valued at $80,000 after purchasing an additional 166 shares during the period. Mariner LLC increased its position in shares of Rambus by 1.4% during the fourth quarter. Mariner LLC now owns 12,473 shares of the semiconductor company's stock worth $659,000 after acquiring an additional 167 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in shares of Rambus by 0.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 45,400 shares of the semiconductor company's stock worth $2,400,000 after acquiring an additional 200 shares in the last quarter. Arizona State Retirement System lifted its position in Rambus by 0.7% in the 4th quarter. Arizona State Retirement System now owns 31,237 shares of the semiconductor company's stock valued at $1,651,000 after acquiring an additional 202 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its stake in Rambus by 2.8% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 8,925 shares of the semiconductor company's stock valued at $472,000 after purchasing an additional 246 shares during the last quarter. Institutional investors own 88.54% of the company's stock.
About Rambus
(
Get Free Report)
Rambus Inc provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
