Luc Seraphin Sells 6,348 Shares of Rambus Inc. (NASDAQ:RMBS) Stock

Rambus Inc. (NASDAQ:RMBS) CEO Luc Seraphin sold 6,348 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $46.97, for a total transaction of $298,165.56. Following the sale, the chief executive officer now directly owns 319,241 shares of the company’s stock, valued at approximately $14,994,749.77. This trade represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Luc Seraphin also recently made the following trade(s):

• On Tuesday, April 15th, Luc Seraphin sold 10,000 shares of Rambus stock. The shares were sold at an average price of $47.79, for a total transaction 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 transaction 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 value 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 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

Rambus stock opened at $50.94 on Friday. Rambus Inc. has a 1-year low of $37.43 and a 1-year high of $69.15. The company’s 50-day moving average is $52.28 and its 200 day moving average is $54.33. The firm has a market capitalization of $5.47 billion, a P/E ratio of 30.69 and a beta of 1.20.

Institutional Investors Weigh In On Rambus

Institutional investors and hedge funds have recently modified their holdings of the business. Tsfg LLC purchased a new stake in Rambus in the first quarter worth $26,000. UMB Bank n.a. lifted its holdings in Rambus by 554.9% during the 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 455 shares in the last quarter. Orion Capital Management LLC purchased a new stake in Rambus in the 4th quarter valued at about $37,000. Skandinaviska Enskilda Banken AB publ grew its stake in Rambus by 927.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 640 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Rambus by 379.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company’s stock worth $60,000 after acquiring an additional 891 shares during the period. 88.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

RMBS has been the subject of a number of recent research reports. Susquehanna raised their target price on shares of Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a report on Tuesday, February 4th. StockNews.com lowered shares of Rambus from a “buy” rating to a “hold” rating in a research report on Saturday. Rosenblatt Securities boosted their target price on shares of Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Robert W. Baird set a $90.00 price target on shares of Rambus in a report on Monday, February 3rd. Finally, Evercore ISI initiated coverage on Rambus in a research report on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 price target for the company. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $76.71.

Rambus Company Profile

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.