Rambus Inc. (NASDAQ:RMBS) CEO Luc Seraphin sold 21,959 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $15.50, for a total transaction of $340,364.50. Following the transaction, the chief executive officer now owns 207,075 shares of the company’s stock, valued at approximately $3,209,662.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Luc Seraphin also recently made the following trade(s):
- On Tuesday, December 3rd, Luc Seraphin sold 3,746 shares of Rambus stock. The shares were sold at an average price of $12.69, for a total transaction of $47,536.74.
- On Monday, November 4th, Luc Seraphin sold 18,226 shares of Rambus stock. The stock was sold at an average price of $13.94, for a total transaction of $254,070.44.
NASDAQ RMBS opened at $16.28 on Friday. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of -19.85, a PEG ratio of 2.11 and a beta of 0.67. The company has a 50-day simple moving average of $14.55 and a two-hundred day simple moving average of $13.41. The company has a quick ratio of 7.60, a current ratio of 7.71 and a debt-to-equity ratio of 0.19. Rambus Inc. has a 12-month low of $9.57 and a 12-month high of $16.98.
Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, January 27th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.34). The company had revenue of $104.30 million for the quarter, compared to analysts’ expectations of $98.03 million. Rambus had a negative net margin of 40.36% and a negative return on equity of 3.26%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 earnings per share. Equities analysts expect that Rambus Inc. will post 0.79 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the company. Citigroup upped their target price on Rambus from $16.00 to $17.30 and gave the company a “buy” rating in a report on Wednesday, January 29th. Roth Capital reaffirmed a “buy” rating and issued a $18.00 price target on shares of Rambus in a report on Tuesday, January 28th. Zacks Investment Research raised Rambus from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Saturday, February 1st. Finally, BidaskClub raised shares of Rambus from a “hold” rating to a “buy” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Rambus currently has an average rating of “Buy” and an average price target of $16.66.
Several large investors have recently added to or reduced their stakes in RMBS. Nisa Investment Advisors LLC boosted its position in shares of Rambus by 108.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,880 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 980 shares in the last quarter. Carroll Financial Associates Inc. purchased a new stake in Rambus during the 4th quarter valued at about $38,000. Marshall Wace LLP bought a new stake in Rambus during the 1st quarter valued at about $46,000. Tower Research Capital LLC TRC raised its holdings in Rambus by 428.1% in the third quarter. Tower Research Capital LLC TRC now owns 3,961 shares of the semiconductor company’s stock worth $52,000 after buying an additional 3,211 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Rambus during the 3rd quarter valued at $65,000. 80.07% of the stock is currently owned by hedge funds and other institutional investors.
Rambus Company Profile
Rambus Inc provides semiconductor products in the United States, Japan, Europe, Taiwan, China, South Korea, Canada, Singapore, Asia, and internationally. The company operates through three divisions: Memory and Interfaces, Rambus Security, and Emerging Solutions. The Memory and Interfaces division engages in the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces.
