Rambus Inc. (RMBS) SVP Laura Stark Sells 4,010 Shares of Stock
Rambus Inc. (NASDAQ:RMBS) SVP Laura Stark sold 4,010 shares of the company’s stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $12.51, for a total value of $50,165.10. Following the completion of the sale, the senior vice president now directly owns 169,876 shares of the company’s stock, valued at $2,125,148.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Laura Stark also recently made the following trade(s):
- On Tuesday, September 6th, Laura Stark sold 4,010 shares of Rambus stock. The shares were sold at an average price of $14.35, for a total value of $57,543.50.
- On Monday, August 8th, Laura Stark sold 6,753 shares of Rambus stock. The shares were sold at an average price of $13.58, for a total value of $91,705.74.
Shares of Rambus Inc. (NASDAQ:RMBS) opened at 12.42 on Monday. The firm has a market capitalization of $1.36 billion, a PE ratio of 7.06 and a beta of 1.32. The firm’s 50-day moving average price is $13.17 and its 200-day moving average price is $12.74. Rambus Inc. has a 52-week low of $9.86 and a 52-week high of $14.50.
Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, July 18th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. Rambus had a return on equity of 10.40% and a net margin of 66.99%. The business had revenue of $76.50 million for the quarter, compared to analyst estimates of $74.44 million. During the same period in the previous year, the company earned $0.13 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts predict that Rambus Inc. will post $0.56 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. Mason Street Advisors LLC acquired a new stake in shares of Rambus during the second quarter worth about $260,000. Schwab Charles Investment Management Inc. raised its stake in shares of Rambus by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 382,760 shares of the company’s stock worth $4,624,000 after buying an additional 6,666 shares during the last quarter. Amalgamated Bank raised its stake in shares of Rambus by 5.7% in the second quarter. Amalgamated Bank now owns 12,853 shares of the company’s stock worth $174,000 after buying an additional 697 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Rambus by 2.0% in the second quarter. Arizona State Retirement System now owns 57,200 shares of the company’s stock worth $691,000 after buying an additional 1,100 shares during the last quarter. Finally, AHL Partners LLP raised its stake in shares of Rambus by 12.3% in the second quarter. AHL Partners LLP now owns 125,854 shares of the company’s stock worth $1,520,000 after buying an additional 13,818 shares during the last quarter. 74.55% of the stock is currently owned by institutional investors and hedge funds.
RMBS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reissued a “hold” rating and issued a $12.50 target price on shares of Rambus in a research report on Tuesday, July 5th. Jefferies Group reaffirmed a “hold” rating and set a $12.50 price objective on shares of Rambus in a research report on Wednesday, July 6th. Citigroup Inc. increased their price objective on Rambus from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, July 20th. Zacks Investment Research cut Rambus from a “hold” rating to a “sell” rating in a research report on Saturday, July 23rd. Finally, Roth Capital began coverage on Rambus in a research report on Wednesday, August 31st. They set a “buy” rating and a $16.00 price objective for the company. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $14.11.
Rambus Company Profile
Rambus Inc produces semiconductor and Internet protocol (IP) products, spanning memory and interfaces to security, sensors and lighting. The Company’s products are integrated into devices and systems, powering and securing diverse applications, including big data and media platforms. Its segments include Memory and Interfaces Division (MID) and Cryptography Research Division (CRD).
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