Rambus, Inc. (NASDAQ:RMBS) SVP Laura Stark sold 3,069 shares of the business’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $13.65, for a total transaction of $41,891.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Monday, September 11th, Laura Stark sold 4,065 shares of Rambus stock. The shares were sold at an average price of $12.96, for a total transaction of $52,682.40.
  • On Friday, August 11th, Laura Stark sold 3,640 shares of Rambus stock. The shares were sold at an average price of $12.59, for a total transaction of $45,827.60.

Shares of Rambus, Inc. (NASDAQ:RMBS) traded up 0.22% during midday trading on Thursday, hitting $13.68. 353,841 shares of the stock were exchanged. The firm’s 50-day moving average is $13.23 and its 200-day moving average is $12.64. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 228.00 and a beta of 0.82. Rambus, Inc. has a 12 month low of $11.30 and a 12 month high of $14.39.

Rambus (NASDAQ:RMBS) last issued its earnings results on Monday, July 24th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $94.70 million during the quarter, compared to analysts’ expectations of $93.00 million. During the same quarter last year, the company posted $0.15 earnings per share. The firm’s revenue was up 23.8% compared to the same quarter last year. Equities research analysts predict that Rambus, Inc. will post $0.65 earnings per share for the current year.

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RMBS has been the subject of a number of recent research reports. Loop Capital reissued a “buy” rating and set a $16.00 price objective on shares of Rambus in a research report on Tuesday, August 22nd. Zacks Investment Research raised shares of Rambus from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Saturday, August 26th. BidaskClub downgraded shares of Rambus from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. J P Morgan Chase & Co downgraded shares of Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Friday, September 22nd. Finally, TheStreet downgraded shares of Rambus from a “b-” rating to a “c+” rating in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.75.

A number of hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System grew its position in Rambus by 0.4% during the second quarter. Louisiana State Employees Retirement System now owns 45,500 shares of the semiconductor company’s stock valued at $520,000 after buying an additional 200 shares during the period. Pinebridge Investments L.P. grew its position in Rambus by 1.5% during the second quarter. Pinebridge Investments L.P. now owns 14,720 shares of the semiconductor company’s stock valued at $169,000 after buying an additional 219 shares during the period. Municipal Employees Retirement System of Michigan grew its position in Rambus by 0.9% during the first quarter. Municipal Employees Retirement System of Michigan now owns 31,410 shares of the semiconductor company’s stock valued at $413,000 after buying an additional 290 shares during the period. Arizona State Retirement System grew its position in Rambus by 0.7% during the second quarter. Arizona State Retirement System now owns 58,300 shares of the semiconductor company’s stock valued at $666,000 after buying an additional 400 shares during the period. Finally, Amalgamated Bank grew its position in Rambus by 3.7% during the second quarter. Amalgamated Bank now owns 15,208 shares of the semiconductor company’s stock valued at $174,000 after buying an additional 549 shares during the period. Institutional investors own 76.47% of the company’s stock.

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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