Luc Seraphin Sells 15,000 Shares of Rambus Inc. (NASDAQ:RMBS) Stock

Rambus Inc. (NASDAQ:RMBSGet Free Report) CEO Luc Seraphin sold 15,000 shares of Rambus stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $62.69, for a total transaction of $940,350.00. Following the completion of the transaction, the chief executive officer now directly owns 259,755 shares of the company’s stock, valued at $16,284,040.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Tuesday, March 19th, Luc Seraphin sold 15,000 shares of Rambus stock. The shares were sold at an average price of $58.35, for a total value of $875,250.00.
  • On Tuesday, March 12th, Luc Seraphin sold 15,000 shares of Rambus stock. The shares were sold at an average price of $62.69, for a total transaction of $940,350.00.
  • On Tuesday, March 5th, Luc Seraphin sold 15,000 shares of Rambus stock. The shares were sold at an average price of $62.17, for a total transaction of $932,550.00.

Rambus Stock Performance

Shares of NASDAQ:RMBS opened at $61.81 on Friday. The firm’s 50 day simple moving average is $62.50 and its 200-day simple moving average is $62.12. Rambus Inc. has a one year low of $43.58 and a one year high of $76.38. The firm has a market cap of $6.71 billion, a PE ratio of 20.60 and a beta of 1.16.

Rambus (NASDAQ:RMBSGet Free Report) last released its quarterly earnings data on Monday, February 5th. The semiconductor company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. The company had revenue of $136.00 million for the quarter, compared to the consensus estimate of $134.00 million. Rambus had a return on equity of 17.70% and a net margin of 72.41%. Equities research analysts predict that Rambus Inc. will post 1.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Rambus from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Rambus in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.20.

Check Out Our Latest Stock Report on RMBS

Institutional Trading of Rambus

Several institutional investors and hedge funds have recently made changes to their positions in the company. Coldstream Capital Management Inc. increased its position in Rambus by 3.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 4,632 shares of the semiconductor company’s stock valued at $316,000 after purchasing an additional 173 shares during the period. Fifth Third Bancorp boosted its stake in shares of Rambus by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 504 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 200 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Rambus by 0.7% during the third quarter. State Board of Administration of Florida Retirement System now owns 31,193 shares of the semiconductor company’s stock valued at $1,740,000 after buying an additional 220 shares during the period. Metropolitan Life Insurance Co NY raised its stake in Rambus by 3.4% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 6,749 shares of the semiconductor company’s stock worth $242,000 after buying an additional 221 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Rambus by 100.4% during the fourth quarter. Blue Trust Inc. now owns 447 shares of the semiconductor company’s stock worth $31,000 after buying an additional 224 shares during the period. 88.54% of the stock is currently owned by institutional investors.

Rambus Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Rambus (NASDAQ:RMBS)

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