Insider Selling: Rambus Inc. (RMBS) Director Sells 6,347 Shares of Stock

Rambus Inc. (NASDAQ:RMBS) Director Charles Kissner sold 6,347 shares of Rambus stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $14.27, for a total transaction of $90,571.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Rambus Inc. (RMBS) traded down $0.24 during trading hours on Thursday, reaching $14.26. 318,484 shares of the company traded hands, compared to its average volume of 729,442. The company has a market cap of $1,580.00, a P/E ratio of 158.44, a PEG ratio of 2.51 and a beta of 0.74. Rambus Inc. has a 12-month low of $11.30 and a 12-month high of $15.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.37.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, October 23rd. The semiconductor company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The firm had revenue of $99.10 million for the quarter, compared to the consensus estimate of $99.00 million. Rambus had a net margin of 2.54% and a return on equity of 9.79%. Rambus’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS. sell-side analysts anticipate that Rambus Inc. will post 0.52 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Zions Bancorporation bought a new stake in shares of Rambus during the 3rd quarter worth about $122,000. 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 worth $111,000 after buying an additional 822 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of Rambus during the 3rd quarter worth about $145,000. Shelton Capital Management bought a new stake in shares of Rambus during the 2nd quarter worth about $126,000. Finally, Nine Chapters Capital Management LLC bought a new stake in shares of Rambus during the 3rd quarter worth about $158,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

RMBS has been the topic of several recent research reports. JPMorgan Chase & Co. downgraded shares of Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research report on Friday, September 22nd. Citigroup lifted their price objective on shares of Rambus from $15.30 to $15.90 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Rambus from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Friday, October 27th. Loop Capital reiterated a “buy” rating and issued a $19.00 price objective (up from $16.00) on shares of Rambus in a research report on Tuesday, October 24th. Finally, BidaskClub downgraded shares of Rambus from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Rambus has a consensus rating of “Hold” and an average price target of $15.98.

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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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