Rambus Inc. (NASDAQ:RMBS) CEO Sells $508,800.00 in Stock

Rambus Inc. (NASDAQ:RMBS - Get Free Report) CEO Luc Seraphin sold 10,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $50.88, for a total transaction of $508,800.00. Following the transaction, the chief executive officer now owns 346,844 shares of the company's stock, valued at $17,647,422.72. This trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, March 25th, Luc Seraphin sold 10,000 shares of Rambus stock. The shares were sold at an average price of $58.64, for a total transaction of $586,400.00.
• On Tuesday, March 18th, Luc Seraphin sold 10,000 shares of Rambus stock. The shares were sold at an average price of $53.79, for a total transaction of $537,900.00.

Rambus Price Performance

Shares of NASDAQ RMBS traded down $1.86 during trading hours on Tuesday, reaching $42.90. The stock had a trading volume of 1,543,924 shares, compared to its average volume of 1,307,578. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 25.84 and a beta of 1.20. Rambus Inc. has a twelve month low of $37.43 and a twelve month high of $69.15. The business's fifty day moving average is $57.70 and its two-hundred day moving average is $53.89.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RMBS. Lindbrook Capital LLC raised its position in Rambus by 12.3% in the 4th quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company's stock valued at $80,000 after purchasing an additional 166 shares during the last quarter. Mariner LLC raised its holdings in shares of Rambus by 1.4% in the fourth quarter. Mariner LLC now owns 12,473 shares of the semiconductor company's stock valued at $659,000 after buying an additional 167 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in Rambus by 0.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 45,400 shares of the semiconductor company's stock worth $2,400,000 after acquiring an additional 200 shares during the last quarter. Arizona State Retirement System increased its position in Rambus by 0.7% in the 4th quarter. Arizona State Retirement System now owns 31,237 shares of the semiconductor company's stock valued at $1,651,000 after acquiring an additional 202 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its stake in shares of Rambus by 2.8% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 8,925 shares of the semiconductor company's stock worth $472,000 after acquiring an additional 246 shares during the last quarter. 88.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RMBS. Evercore ISI started coverage on Rambus in a research note on Tuesday, February 4th. They issued an "outperform" rating and a $71.00 target price for the company. StockNews.com downgraded shares of Rambus from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Wells Fargo & Company raised their target price on shares of Rambus from $62.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Robert W. Baird set a $90.00 target price on shares of Rambus in a report on Monday, February 3rd. Finally, Susquehanna upped their price target on shares of Rambus from $66.00 to $70.00 and gave the company a "positive" rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $76.71.

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.