Rambus, Inc. (NASDAQ:RMBS) Director Ellis Thomas Fisher sold 6,437 shares of the stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $13.65, for a total value of $87,865.05. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Ellis Thomas Fisher also recently made the following trade(s):

  • On Monday, September 25th, Ellis Thomas Fisher sold 1,702 shares of Rambus stock. The stock was sold at an average price of $12.94, for a total value of $22,023.88.
  • On Friday, July 7th, Ellis Thomas Fisher sold 1,703 shares of Rambus stock. The stock was sold at an average price of $12.50, for a total value of $21,287.50.

Rambus, Inc. (RMBS) traded up 0.07% during trading on Wednesday, hitting $13.70. The stock had a trading volume of 766,213 shares. Rambus, Inc. has a 52-week low of $11.30 and a 52-week high of $14.39. The company’s 50 day moving average is $13.07 and its 200 day moving average is $12.61. The firm has a market cap of $1.50 billion, a PE ratio of 228.33 and a beta of 0.82.

Rambus (NASDAQ:RMBS) last released its earnings results on Monday, July 24th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. Rambus had a return on equity of 9.28% and a net margin of 1.76%. The firm had revenue of $94.70 million for the quarter, compared to the consensus estimate of $93.00 million. During the same period in the prior year, the firm earned $0.15 EPS. The firm’s revenue was up 23.8% on a year-over-year basis. Equities research analysts forecast that Rambus, Inc. will post $0.65 earnings per share for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP increased its position in shares of Rambus by 611.4% in the 2nd quarter. Engineers Gate Manager LP now owns 73,345 shares of the semiconductor company’s stock valued at $838,000 after acquiring an additional 63,035 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Rambus in the 1st quarter valued at $117,000. Cipher Capital LP increased its position in shares of Rambus by 25.2% in the 2nd quarter. Cipher Capital LP now owns 298,503 shares of the semiconductor company’s stock valued at $3,412,000 after acquiring an additional 60,021 shares during the period. Aperio Group LLC increased its position in shares of Rambus by 27.9% in the 2nd quarter. Aperio Group LLC now owns 34,028 shares of the semiconductor company’s stock valued at $389,000 after acquiring an additional 7,419 shares during the period. Finally, BlackRock Inc. increased its position in shares of Rambus by 17,759.2% in the 1st quarter. BlackRock Inc. now owns 14,458,840 shares of the semiconductor company’s stock valued at $189,990,000 after acquiring an additional 14,377,880 shares during the period. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on RMBS shares. Loop Capital restated a “buy” rating and issued a $16.00 price target on shares of Rambus in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded Rambus from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Saturday, August 26th. BidaskClub downgraded Rambus from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. J P Morgan Chase & Co downgraded Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research note on Friday, September 22nd. Finally, TheStreet downgraded Rambus from a “b-” rating to a “c+” rating in a research note on Friday, June 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $14.75.

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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