Laura Stark Sells 2,936 Shares of Rambus Inc. (RMBS) Stock

Rambus Inc. (NASDAQ:RMBS) SVP Laura Stark sold 2,936 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $12.00, for a total value of $35,232.00. Following the transaction, the senior vice president now directly owns 236,053 shares of the company’s stock, valued at $2,832,636. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Wednesday, January 10th, Laura Stark sold 2,940 shares of Rambus stock. The stock was sold at an average price of $14.10, for a total value of $41,454.00.
  • On Monday, December 11th, Laura Stark sold 4,064 shares of Rambus stock. The stock was sold at an average price of $14.72, for a total value of $59,822.08.

Rambus Inc. (NASDAQ RMBS) traded up $0.02 during trading on Monday, hitting $12.15. The stock had a trading volume of 787,480 shares, compared to its average volume of 970,121. Rambus Inc. has a fifty-two week low of $11.30 and a fifty-two week high of $15.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.76. The stock has a market cap of $1,330.00, a P/E ratio of -71.47, a P/E/G ratio of 1.85 and a beta of 0.52.

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

Several institutional investors have recently bought and sold shares of the company. Amalgamated Bank lifted its holdings in shares of Rambus by 3.7% in the 2nd quarter. Amalgamated Bank now owns 15,208 shares of the semiconductor company’s stock valued at $174,000 after purchasing an additional 549 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Rambus by 9.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,734 shares of the semiconductor company’s stock valued at $111,000 after purchasing an additional 822 shares during the last quarter. Numeric Investors LLC lifted its holdings in shares of Rambus by 7.8% in the 2nd quarter. Numeric Investors LLC now owns 24,800 shares of the semiconductor company’s stock valued at $283,000 after purchasing an additional 1,800 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Rambus by 2.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 85,901 shares of the semiconductor company’s stock valued at $981,000 after purchasing an additional 1,959 shares during the last quarter. Finally, American International Group Inc. lifted its holdings in shares of Rambus by 5.4% in the 3rd quarter. American International Group Inc. now owns 87,623 shares of the semiconductor company’s stock valued at $1,170,000 after purchasing an additional 4,471 shares during the last quarter. 78.01% of the stock is owned by institutional investors and hedge funds.

RMBS has been the subject of several analyst reports. Zacks Investment Research raised Rambus from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Friday, October 27th. Loop Capital reaffirmed a “buy” rating and set a $19.00 price objective (up from $16.00) on shares of Rambus in a research report on Tuesday, October 24th. BidaskClub cut Rambus from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 24th. Citigroup upped their price objective on Rambus from $15.30 to $15.90 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Benchmark reaffirmed a “buy” rating and set a $18.00 price objective (up from $16.00) on shares of Rambus in a research report on Thursday, January 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target 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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