Luc Seraphin Sells 10,000 Shares of Rambus Inc. (NASDAQ:RMBS) Stock

Rambus Inc. (NASDAQ:RMBS - Get Free Report) CEO Luc Seraphin sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $53.79, for a total value of $537,900.00. Following the sale, the chief executive officer now owns 316,931 shares of the company's stock, valued at $17,047,718.49. The trade was a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Rambus Price Performance

Shares of RMBS stock traded down $0.10 during trading on Friday, hitting $56.72. 1,222,949 shares of the stock traded hands, compared to its average volume of 1,269,161. Rambus Inc. has a 52-week low of $37.43 and a 52-week high of $69.15. The firm has a market capitalization of $6.09 billion, a P/E ratio of 34.17 and a beta of 1.25. The firm's fifty day moving average price is $59.56 and its 200-day moving average price is $52.82.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RMBS shares. Baird R W raised shares of Rambus to a "strong-buy" rating in a report on Monday, November 25th. StockNews.com cut shares of Rambus from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Susquehanna raised their target price on shares of Rambus from $66.00 to $70.00 and gave the stock a "positive" rating in a research note on Tuesday, February 4th. Robert W. Baird set a $90.00 price target on Rambus in a research report on Monday, February 3rd. Finally, Evercore ISI assumed coverage on Rambus in a research report on Tuesday, February 4th. They set an "outperform" rating and a $71.00 price objective on the stock. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Rambus has an average rating of "Buy" and a consensus target price of $76.71.

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Institutional Investors Weigh In On Rambus

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Rambus by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 12,594,979 shares of the semiconductor company's stock worth $665,771,000 after purchasing an additional 31,645 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Rambus by 442.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,449,128 shares of the semiconductor company's stock valued at $288,042,000 after buying an additional 4,445,146 shares during the last quarter. Invesco Ltd. boosted its stake in Rambus by 72.1% during the fourth quarter. Invesco Ltd. now owns 4,999,748 shares of the semiconductor company's stock worth $264,287,000 after buying an additional 2,093,953 shares during the period. State Street Corp increased its position in shares of Rambus by 3.5% during the third quarter. State Street Corp now owns 4,819,125 shares of the semiconductor company's stock valued at $203,463,000 after acquiring an additional 164,830 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Rambus by 1.7% in the 4th quarter. JPMorgan Chase & Co. now owns 4,184,370 shares of the semiconductor company's stock valued at $221,186,000 after acquiring an additional 68,975 shares during the period. Hedge funds and other institutional investors own 88.54% of the company's stock.

Rambus Company Profile

Rambus Inc provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP.