Insider Selling: Rambus Inc. (RMBS) SVP Sells 2,936 Shares of Stock

Rambus Inc. (NASDAQ:RMBS) SVP Laura Stark sold 2,936 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.00, for a total transaction of $35,232.00. Following the completion of the transaction, the senior vice president now directly owns 236,053 shares of the company’s stock, valued at $2,832,636. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Laura Stark also recently made the following trade(s):

  • On Wednesday, January 10th, Laura Stark sold 2,940 shares of Rambus stock. The stock was sold at an average price of $14.10, for a total transaction of $41,454.00.
  • On Monday, December 11th, Laura Stark sold 4,064 shares of Rambus stock. The stock was sold at an average price of $14.72, for a total transaction of $59,822.08.

Rambus Inc. (RMBS) opened at $12.32 on Thursday. The company has a quick ratio of 2.76, a current ratio of 2.80 and a debt-to-equity ratio of 0.31. Rambus Inc. has a fifty-two week low of $11.30 and a fifty-two week high of $15.50. The company has a market cap of $1,336.00, a price-to-earnings ratio of -72.47, a price-to-earnings-growth ratio of 1.86 and a beta of 0.52.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings results on Monday, January 29th. The semiconductor company reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. Rambus had a negative net margin of 4.70% and a positive return on equity of 9.56%. The firm had revenue of $101.89 million during the quarter, compared to the consensus estimate of $101.25 million. During the same period last year, the firm earned $0.16 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. equities research analysts anticipate that Rambus Inc. will post 0.66 earnings per share for the current year.

Several research analysts recently commented on RMBS shares. Zacks Investment Research raised shares of Rambus from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Friday, October 27th. Loop Capital reaffirmed a “buy” rating and issued a $19.00 price objective (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 raised their price target on shares of Rambus from $15.30 to $15.90 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Benchmark reissued a “buy” rating and issued a $18.00 price target (up from $16.00) on shares of Rambus in a report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.32.

Institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its position in shares of Rambus by 9.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,734 shares of the semiconductor company’s stock valued at $111,000 after buying an additional 822 shares in the last quarter. Zions Bancorporation purchased a new stake in shares of Rambus during the 3rd quarter valued at $122,000. Shelton Capital Management purchased a new stake in shares of Rambus during the 2nd quarter valued at $126,000. Magnetar Financial LLC purchased a new stake in shares of Rambus during the 3rd quarter valued at $145,000. Finally, Nine Chapters Capital Management LLC purchased a new stake in shares of Rambus during the 3rd quarter valued at $158,000. Hedge funds and other institutional investors own 78.01% of the company’s stock.

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About Rambus

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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