Rambus Inc. (NASDAQ:RMBS) SVP Laura Stark sold 4,010 shares of the firm’s stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $12.51, for a total transaction of $50,165.10. Following the completion of the transaction, the senior vice president now owns 169,876 shares in the company, valued at approximately $2,125,148.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Laura Stark also recently made the following trade(s):
- On Tuesday, September 6th, Laura Stark sold 4,010 shares of Rambus stock. The stock was sold at an average price of $14.35, for a total transaction of $57,543.50.
- On Monday, August 8th, Laura Stark sold 6,753 shares of Rambus stock. The stock was sold at an average price of $13.58, for a total transaction of $91,705.74.
Shares of Rambus Inc. (NASDAQ:RMBS) opened at 12.51 on Friday. Rambus Inc. has a one year low of $9.86 and a one year high of $14.50. The company has a market cap of $1.37 billion, a PE ratio of 7.12 and a beta of 1.32. The stock’s 50 day moving average is $13.20 and its 200-day moving average is $12.75.
Rambus (NASDAQ:RMBS) last released its quarterly earnings results on Monday, July 18th. The company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Rambus had a return on equity of 10.40% and a net margin of 66.99%. The company had revenue of $76.50 million for the quarter, compared to analyst estimates of $74.44 million. During the same quarter in the prior year, the firm posted $0.13 EPS. Rambus’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts expect that Rambus Inc. will post $0.56 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in RMBS. Princeton Alpha Management LP bought a new stake in Rambus during the second quarter valued at $130,000. Jefferies Group LLC bought a new stake in Rambus during the second quarter valued at $135,000. Advisors Capital Management LLC bought a new stake in Rambus during the second quarter valued at $137,000. Amalgamated Bank raised its stake in Rambus by 5.7% in the second quarter. Amalgamated Bank now owns 12,853 shares of the company’s stock valued at $174,000 after buying an additional 697 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Rambus by 20.4% in the second quarter. Sei Investments Co. now owns 13,310 shares of the company’s stock valued at $160,000 after buying an additional 2,255 shares during the last quarter. Institutional investors own 74.55% of the company’s stock.
RMBS has been the topic of several recent analyst reports. Citigroup Inc. raised their target price on shares of Rambus from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, July 20th. Roth Capital initiated coverage on shares of Rambus in a report on Wednesday, August 31st. They issued a “buy” rating and a $16.00 target price on the stock. Benchmark Co. reiterated a “positive” rating on shares of Rambus in a report on Tuesday. Zacks Investment Research cut shares of Rambus from a “hold” rating to a “sell” rating in a report on Saturday, July 23rd. Finally, Jefferies Group reiterated a “hold” rating and issued a $12.50 price target on shares of Rambus in a report on Wednesday, July 6th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $14.11.
Rambus Company Profile
Rambus Inc produces semiconductor and Internet protocol (IP) products, spanning memory and interfaces to security, sensors and lighting. The Company’s products are integrated into devices and systems, powering and securing diverse applications, including big data and media platforms. Its segments include Memory and Interfaces Division (MID) and Cryptography Research Division (CRD).
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