Rambus, Inc. (NASDAQ:RMBS) SVP Jae Kim sold 42,449 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $12.71, for a total value of $539,526.79. Following the transaction, the senior vice president now directly owns 120,126 shares in the company, valued at approximately $1,526,801.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Rambus, Inc. (NASDAQ:RMBS) traded up 0.55% during midday trading on Monday, reaching $12.84. The company’s stock had a trading volume of 374,130 shares. The company has a market capitalization of $1.40 billion, a P/E ratio of 214.00 and a beta of 0.90. The stock has a 50 day moving average of $12.27 and a 200-day moving average of $12.61. Rambus, Inc. has a 1-year low of $11.30 and a 1-year high of $14.50.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings results on Monday, July 24th. The semiconductor company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. Rambus had a net margin of 1.76% and a return on equity of 9.28%. The company had revenue of $94.70 million for the quarter, compared to analyst estimates of $93 million. During the same quarter last year, the business earned $0.15 earnings per share. Rambus’s revenue was up 23.8% compared to the same quarter last year. On average, equities research analysts anticipate that Rambus, Inc. will post $0.65 earnings per share for the current year.

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Several large investors have recently made changes to their positions in RMBS. LS Investment Advisors LLC raised its stake in shares of Rambus by 88.5% in the first quarter. LS Investment Advisors LLC now owns 7,648 shares of the semiconductor company’s stock valued at $100,000 after buying an additional 3,590 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Rambus during the first quarter valued at approximately $117,000. Engineers Gate Manager LP purchased a new stake in shares of Rambus during the first quarter valued at approximately $135,000. Trexquant Investment LP purchased a new stake in shares of Rambus during the second quarter valued at approximately $137,000. Finally, State of Alaska Department of Revenue raised its stake in shares of Rambus by 3.2% in the first quarter. State of Alaska Department of Revenue now owns 12,270 shares of the semiconductor company’s stock valued at $161,000 after buying an additional 380 shares during the last quarter. Institutional investors own 80.10% of the company’s stock.

A number of equities analysts recently issued reports on the company. BidaskClub lowered Rambus from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. Jefferies Group LLC reissued a “hold” rating and set a $14.00 price target (up previously from $13.50) on shares of Rambus in a report on Tuesday, July 25th. TheStreet lowered Rambus from a “b-” rating to a “c+” rating in a report on Friday, June 16th. Finally, Zacks Investment Research raised Rambus from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Saturday, July 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $15.10.

Rambus Company Profile

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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