Rambus Inc. (NASDAQ:RMBS - Get Free Report) CEO Luc Seraphin sold 6,348 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $46.97, for a total value of $298,165.56. Following the sale, the chief executive officer now directly owns 319,241 shares in the company, valued at $14,994,749.77. The trade was a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Luc Seraphin also recently made the following trade(s):
- On Tuesday, April 15th, Luc Seraphin sold 10,000 shares of Rambus stock. The stock was sold at an average price of $47.79, for a total value of $477,900.00.
- On Tuesday, April 8th, Luc Seraphin sold 10,000 shares of Rambus stock. The shares were sold at an average price of $46.81, for a total value of $468,100.00.
- On Tuesday, April 1st, Luc Seraphin sold 10,000 shares of Rambus stock. The stock was sold at an average price of $50.88, for a total transaction of $508,800.00.
- On Tuesday, March 25th, Luc Seraphin sold 10,000 shares of Rambus stock. The shares were sold at an average price of $58.64, for a total transaction 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 transaction of $537,900.00.
Rambus Trading Up 7.4 %
RMBS opened at $49.36 on Friday. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 29.73 and a beta of 1.20. Rambus Inc. has a 12-month low of $37.43 and a 12-month high of $69.15. The business's fifty day simple moving average is $52.63 and its 200-day simple moving average is $54.26.
Wall Street Analyst Weigh In
RMBS has been the subject of several analyst reports. Susquehanna raised their price objective on shares of Rambus from $66.00 to $70.00 and gave the stock a "positive" rating in a research note on Tuesday, February 4th. Wells Fargo & Company raised their price target on Rambus from $62.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Rosenblatt Securities upped their price objective on Rambus from $85.00 to $92.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Robert W. Baird set a $90.00 target price on Rambus in a research report on Monday, February 3rd. Finally, Evercore ISI began coverage on shares of Rambus in a report on Tuesday, February 4th. They issued an "outperform" rating and a $71.00 price target on the stock. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $76.71.
Check Out Our Latest Research Report on RMBS
Institutional Trading of Rambus
A number of hedge funds have recently added to or reduced their stakes in RMBS. Vanguard Group Inc. raised its holdings in shares of Rambus by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 12,594,979 shares of the semiconductor company's stock valued at $665,771,000 after purchasing an additional 31,645 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Rambus by 442.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,449,128 shares of the semiconductor company's stock valued at $288,042,000 after buying an additional 4,445,146 shares during the period. Invesco Ltd. increased its holdings in Rambus by 72.1% during the fourth quarter. Invesco Ltd. now owns 4,999,748 shares of the semiconductor company's stock valued at $264,287,000 after buying an additional 2,093,953 shares during the period. JPMorgan Chase & Co. raised its stake in Rambus by 1.7% in the fourth quarter. JPMorgan Chase & Co. now owns 4,184,370 shares of the semiconductor company's stock worth $221,186,000 after buying an additional 68,975 shares in the last quarter. Finally, Norges Bank purchased a new stake in Rambus during the fourth quarter worth $94,368,000. 88.54% of the stock is owned by hedge funds and other institutional investors.
Rambus Company Profile
(
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.
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