Investors Buy Large Volume of Call Options on Rambus (NASDAQ:RMBS)

Rambus Inc. (NASDAQ:RMBSGet Free Report) was the recipient of some unusual options trading activity on Monday. Stock investors bought 3,348 call options on the stock. This is an increase of approximately 70% compared to the average daily volume of 1,965 call options.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Analysis on Rambus

Insider Buying and Selling at Rambus

In related news, COO Xianzhi Sean Fan sold 2,004 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $55.00, for a total transaction of $110,220.00. Following the sale, the chief operating officer now owns 121,229 shares of the company’s stock, valued at approximately $6,667,595. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Rambus news, CEO Luc Seraphin sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $58.35, for a total transaction of $875,250.00. Following the sale, the chief executive officer now directly owns 274,755 shares in the company, valued at approximately $16,031,954.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Xianzhi Sean Fan sold 2,004 shares of Rambus stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $55.00, for a total transaction of $110,220.00. Following the completion of the transaction, the chief operating officer now directly owns 121,229 shares in the company, valued at approximately $6,667,595. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,554 shares of company stock valued at $5,264,708. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RMBS. Coldstream Capital Management Inc. grew its position in shares of Rambus by 3.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 4,632 shares of the semiconductor company’s stock valued at $316,000 after acquiring an additional 173 shares during the period. Fifth Third Bancorp grew its holdings in Rambus by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 504 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 200 shares during the period. State Board of Administration of Florida Retirement System increased its position 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 worth $1,740,000 after buying an additional 220 shares during the last quarter. 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 valued at $242,000 after buying an additional 221 shares during the period. Finally, Blue Trust Inc. raised its stake in Rambus by 100.4% in the fourth quarter. Blue Trust Inc. now owns 447 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 224 shares during the period. 88.54% of the stock is currently owned by institutional investors.

Rambus Trading Up 0.7 %

Rambus stock opened at $62.23 on Tuesday. Rambus has a 1-year low of $43.58 and a 1-year high of $76.38. The company has a fifty day simple moving average of $62.03 and a 200 day simple moving average of $62.24. The company has a market cap of $6.76 billion, a P/E ratio of 20.74 and a beta of 1.16.

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

About Rambus

(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.

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