Insider Selling: Rambus Inc. (RMBS) Director Sells 20,000 Shares of Stock

Rambus Inc. (NASDAQ:RMBS) Director David A. Shrigley sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $10.45, for a total value of $209,000.00. Following the sale, the director now owns 42,155 shares in the company, valued at approximately $440,519.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of NASDAQ RMBS traded up $0.01 during trading on Thursday, reaching $10.51. The company had a trading volume of 695,000 shares, compared to its average volume of 1,209,477. Rambus Inc. has a 12 month low of $7.17 and a 12 month high of $14.30. The firm has a market capitalization of $1.12 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 1.38 and a beta of 0.74. The company has a current ratio of 7.62, a quick ratio of 7.52 and a debt-to-equity ratio of 0.18.

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Rambus (NASDAQ:RMBS) last released its quarterly earnings results on Monday, January 28th. The semiconductor company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.07. Rambus had a positive return on equity of 8.05% and a negative net margin of 28.74%. The firm had revenue of $102.00 million for the quarter, compared to analyst estimates of $102.00 million. During the same quarter in the previous year, the company posted $0.19 EPS. The business’s revenue was up .0% on a year-over-year basis. As a group, analysts forecast that Rambus Inc. will post 0.75 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of Rambus by 1.8% in the 4th quarter. BlackRock Inc. now owns 15,874,559 shares of the semiconductor company’s stock valued at $121,759,000 after buying an additional 275,815 shares during the last quarter. Vanguard Group Inc grew its position in shares of Rambus by 2.6% in the 3rd quarter. Vanguard Group Inc now owns 10,936,938 shares of the semiconductor company’s stock valued at $119,321,000 after buying an additional 277,298 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Rambus by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,936,938 shares of the semiconductor company’s stock valued at $119,321,000 after buying an additional 277,298 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Rambus by 6.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,909,106 shares of the semiconductor company’s stock valued at $45,323,000 after buying an additional 333,048 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Rambus by 95.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,950,490 shares of the semiconductor company’s stock valued at $43,099,000 after buying an additional 1,929,517 shares during the last quarter. Hedge funds and other institutional investors own 76.97% of the company’s stock.

A number of equities research analysts recently weighed in on RMBS shares. Zacks Investment Research upgraded Rambus from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Saturday, February 2nd. TheStreet lowered Rambus from a “c-” rating to a “d” rating in a research report on Tuesday, October 30th. Deutsche Bank reduced their price target on Rambus from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. ValuEngine upgraded Rambus from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, BidaskClub upgraded Rambus from a “strong sell” rating to a “sell” rating in a research report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $13.00.

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Rambus Company Profile

Rambus Inc provides semiconductor products in South Korea and internationally. The company operates through Memory and Interfaces, Security, and Other segments. It focuses on the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces; and design, development, deployment, and licensing of technologies for chip, system and in-field application security, anti-counterfeiting, smart ticketing, and mobile payments.

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