Rambus Inc. (NASDAQ:RMBS) CEO Luc Seraphin Sells 10,000 Shares

Rambus Inc. (NASDAQ:RMBS) CEO Luc Seraphin sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $50.88, for a total value of $508,800.00. Following the transaction, the chief executive officer now owns 346,844 shares in the company, valued at approximately $17,647,422.72. This trade represents a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, March 25th, Luc Seraphin sold 10,000 shares of Rambus stock. The stock was sold at an average price of $58.64, for a total value of $586,400.00.
• On Tuesday, March 18th, Luc Seraphin sold 10,000 shares of Rambus stock. The stock was sold at an average price of $53.79, for a total transaction of $537,900.00.

Rambus Stock Down 6.5 %

NASDAQ RMBS opened at $43.13 on Friday. Rambus Inc. has a twelve month low of $37.43 and a twelve month high of $69.15. The business’s fifty day moving average is $57.96 and its 200 day moving average is $53.64. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 25.98 and a beta of 1.25.

Analyst Upgrades and Downgrades

Several equities analysts have commented on RMBS shares. Robert W. Baird set a $90.00 target price on shares of Rambus in a report on Monday, February 3rd. StockNews.com cut Rambus from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Wells Fargo & Company raised their target price on Rambus from $62.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Susquehanna boosted their price target on Rambus from $66.00 to $70.00 and gave the stock a “positive” rating in a report on Tuesday, February 4th. Finally, Rosenblatt Securities raised their price objective on Rambus from $85.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Rambus presently has an average rating of “Buy” and an average target price of $76.71.

Institutional Trading of Rambus

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cerity Partners LLC boosted its position in Rambus by 69.5% during the 3rd quarter. Cerity Partners LLC now owns 16,615 shares of the semiconductor company’s stock worth $701,000 after buying an additional 6,814 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Rambus by 1.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 244,425 shares of the semiconductor company’s stock valued at $10,320,000 after acquiring an additional 4,178 shares during the last quarter. Verition Fund Management LLC lifted its holdings in shares of Rambus by 630.7% during the third quarter. Verition Fund Management LLC now owns 30,888 shares of the semiconductor company’s stock worth $1,304,000 after purchasing an additional 26,661 shares during the period. Paloma Partners Management Co bought a new stake in shares of Rambus in the third quarter worth $372,000. Finally, Holocene Advisors LP acquired a new stake in Rambus in the third quarter valued at $608,000. 88.54% of the stock is currently owned by institutional investors.

About Rambus

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.