Laura Stark Sells 4,065 Shares of Rambus, Inc. (RMBS) Stock
Rambus, Inc. (NASDAQ:RMBS) SVP Laura Stark sold 4,065 shares of Rambus stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $12.96, for a total transaction of $52,682.40. Following the completion of the sale, the senior vice president now owns 207,221 shares of the company’s stock, valued at approximately $2,685,584.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Laura Stark also recently made the following trade(s):
- On Friday, August 11th, Laura Stark sold 3,640 shares of Rambus stock. The shares were sold at an average price of $12.59, for a total transaction of $45,827.60.
- On Wednesday, July 12th, Laura Stark sold 3,491 shares of Rambus stock. The stock was sold at an average price of $12.90, for a total transaction of $45,033.90.
Rambus, Inc. (RMBS) traded up 1.67% during trading on Friday, hitting $13.37. 566,893 shares of the company’s stock traded hands. Rambus, Inc. has a 12-month low of $11.30 and a 12-month high of $14.39. The firm’s 50-day moving average price is $12.86 and its 200 day moving average price is $12.58. The stock has a market cap of $1.46 billion, a P/E ratio of 222.83 and a beta of 0.91.
Rambus (NASDAQ:RMBS) last released its quarterly earnings data on Monday, July 24th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. Rambus had a net margin of 1.76% and a return on equity of 9.28%. The company had revenue of $94.70 million during the quarter, compared to analyst estimates of $93.00 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The business’s quarterly revenue was up 23.8% compared to the same quarter last year. Analysts anticipate that Rambus, Inc. will post $0.65 earnings per share for the current fiscal year.
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RMBS has been the subject of several research reports. BidaskClub downgraded shares of Rambus from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Zacks Investment Research upgraded shares of Rambus from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Saturday, July 29th. TheStreet downgraded shares of Rambus from a “b-” rating to a “c+” rating in a research note on Friday, June 16th. Jefferies Group LLC restated a “hold” rating and issued a $14.00 price target (up previously from $13.50) on shares of Rambus in a research note on Tuesday, July 25th. Finally, Loop Capital restated a “buy” rating and issued a $16.00 price target on shares of Rambus in a research note on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $14.63.
Institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Rambus in the first quarter worth $117,000. Aperio Group LLC increased its position in shares of Rambus by 27.9% in the second quarter. Aperio Group LLC now owns 34,028 shares of the semiconductor company’s stock worth $389,000 after acquiring an additional 7,419 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Rambus by 1.3% in the first quarter. Neuberger Berman Group LLC now owns 3,625,211 shares of the semiconductor company’s stock worth $47,635,000 after acquiring an additional 46,970 shares in the last quarter. BlackRock Inc. grew its holdings in Rambus by 17,759.2% during the 1st quarter. BlackRock Inc. now owns 14,458,840 shares of the semiconductor company’s stock valued at $189,990,000 after purchasing an additional 14,377,880 shares in the last quarter. Finally, Cipher Capital LP grew its holdings in Rambus by 25.2% during the 2nd quarter. Cipher Capital LP now owns 298,503 shares of the semiconductor company’s stock valued at $3,412,000 after purchasing an additional 60,021 shares in the last quarter. 76.47% of the stock is owned by institutional investors.
Rambus Company Profile
Rambus Inc (Rambus) produces hardware and software technologies. The Company’s segments include Memory and Interface Division (MID), which focuses the design, development, manufacturing through partnerships and licensing of technology and solutions that is related to memory and interfaces; Rambus Security Division (RSD), which focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments; Emerging Solutions Division (ESD), which encompasses its long-term research and development efforts in the area of emerging technologies, and Rambus Lighting Division (RLD), which focuses on the design, development and licensing of technologies for lighting.
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