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 company's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $58.64, for a total value of $586,400.00. Following the completion of the transaction, the chief executive officer now directly owns 306,931 shares in the company, valued at approximately $17,998,433.84. This trade represents a 3.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Luc Seraphin also recently made the following trade(s):

• On Tuesday, March 18th, Luc Seraphin sold 10,000 shares of Rambus stock. The stock was sold at an average price of $53.79, for a total transaction of $537,900.00.

Rambus Stock Down 3.1 %

RMBS traded down $1.74 during trading on Friday, hitting $53.70. 975,843 shares of the stock were exchanged, compared to its average volume of 1,299,832. The firm has a market capitalization of $5.77 billion, a P/E ratio of 32.35 and a beta of 1.25. Rambus Inc. has a 1-year low of $37.43 and a 1-year high of $69.15. The stock has a fifty day moving average price of $59.37 and a two-hundred day moving average price of $53.42.

Analyst Upgrades and Downgrades

RMBS has been the subject of a number of research reports. Susquehanna lifted their price objective on Rambus from $66.00 to $70.00 and gave the company a "positive" rating in a research note on Tuesday, February 4th. StockNews.com lowered shares of Rambus from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Wells Fargo & Company boosted their target price on shares of Rambus from $62.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Rosenblatt Securities raised their price target on Rambus from $85.00 to $92.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Finally, Evercore ISI began coverage on Rambus in a research note on Tuesday, February 4th. They set an "outperform" rating and a $71.00 target price for the company. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Rambus presently has an average rating of "Buy" and a consensus target price of $76.71.

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Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of RMBS. Empowered Funds LLC acquired a new position in Rambus in the 3rd quarter valued at $275,000. Great Valley Advisor Group Inc. lifted its position in Rambus by 4.3% in the third quarter. Great Valley Advisor Group Inc. now owns 8,550 shares of the semiconductor company's stock valued at $361,000 after purchasing an additional 350 shares during the period. Cerity Partners LLC boosted its holdings in Rambus by 69.5% in the 3rd quarter. Cerity Partners LLC now owns 16,615 shares of the semiconductor company's stock valued at $701,000 after purchasing an additional 6,814 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Rambus during the 3rd quarter worth approximately $2,077,000. Finally, Qsemble Capital Management LP purchased a new position in shares of Rambus during the 3rd quarter worth approximately $3,163,000. Institutional investors and hedge funds 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.