Rambus Inc. (RMBS) Director Sells $73,980.00 in Stock

Rambus Inc. (NASDAQ:RMBS) Director Eric B. Stang sold 6,000 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $12.33, for a total transaction of $73,980.00. Following the sale, the director now directly owns 11,792 shares in the company, valued at $145,395.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Rambus Inc. (RMBS) traded down $0.28 on Thursday, hitting $11.85. 952,350 shares of the company traded hands, compared to its average volume of 979,215. Rambus Inc. has a 52-week low of $11.30 and a 52-week high of $15.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.76 and a current ratio of 2.80. The firm has a market cap of $1,371.13, a P/E ratio of -69.70, a PEG ratio of 1.91 and a beta of 0.52.

Rambus (NASDAQ:RMBS) last released its quarterly earnings results on Monday, January 29th. The semiconductor company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Rambus had a negative net margin of 4.70% and a positive return on equity of 9.56%. The firm had revenue of $101.89 million during the quarter, compared to the consensus estimate of $101.25 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. sell-side analysts expect that Rambus Inc. will post 0.66 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 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 purchasing an additional 822 shares during the last quarter. Zions Bancorporation acquired a new position in shares of Rambus during the 3rd quarter worth about $122,000. Shelton Capital Management acquired a new position in shares of Rambus during the 2nd quarter worth about $126,000. Magnetar Financial LLC acquired a new position in shares of Rambus during the 3rd quarter worth about $145,000. Finally, Nine Chapters Capital Management LLC acquired a new position in shares of Rambus during the 3rd quarter worth about $158,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Several research firms have recently issued reports on RMBS. Zacks Investment Research raised shares of Rambus from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Friday, October 27th. BidaskClub lowered shares of Rambus from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 24th. TheStreet raised shares of Rambus from a “c+” rating to a “b-” rating in a research note on Friday, October 13th. Loop Capital reissued a “buy” rating and set a $19.00 target price (up from $16.00) on shares of Rambus in a research note on Tuesday, October 24th. Finally, Citigroup increased their target price on shares of Rambus from $15.30 to $15.90 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Rambus currently has a consensus rating of “Hold” and an average target price of $16.32.

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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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