Rambus Inc. (NASDAQ:RMBS) CEO Luc Seraphin sold 15,733 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $9.77, for a total value of $153,711.41. Following the transaction, the chief executive officer now directly owns 206,217 shares in the company, valued at approximately $2,014,740.09. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Luc Seraphin also recently made the following trade(s):
- On Wednesday, January 29th, Luc Seraphin sold 21,959 shares of Rambus stock. The stock was sold at an average price of $15.50, for a total value of $340,364.50.
RMBS stock opened at $12.12 on Friday. The business’s fifty day moving average is $13.64 and its 200-day moving average is $13.68. The company has a quick ratio of 7.60, a current ratio of 7.71 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.37 billion, a P/E ratio of -14.78, a price-to-earnings-growth ratio of 0.91 and a beta of 0.73. Rambus Inc. has a twelve month low of $9.01 and a twelve month high of $16.98.
Rambus (NASDAQ:RMBS) last posted its quarterly earnings results on Monday, January 27th. The semiconductor company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.34). The company had revenue of $104.30 million during the quarter, compared to analyst estimates of $98.03 million. Rambus had a negative net margin of 40.36% and a negative return on equity of 3.26%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS. Research analysts anticipate that Rambus Inc. will post 0.79 earnings per share for the current fiscal year.
Several research firms have issued reports on RMBS. Roth Capital reaffirmed a “buy” rating and set a $18.00 price objective on shares of Rambus in a report on Tuesday, January 28th. BidaskClub downgraded Rambus from a “hold” rating to a “sell” rating in a report on Friday, March 13th. Citigroup upped their price objective on Rambus from $16.00 to $17.30 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Zacks Investment Research raised Rambus from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Saturday, February 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Rambus has a consensus rating of “Buy” and an average target price of $16.66.
Several hedge funds have recently bought and sold shares of RMBS. Marshall Wace LLP acquired a new position in shares of Rambus in the 1st quarter valued at $46,000. Tower Research Capital LLC TRC lifted its stake in shares of Rambus by 428.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,961 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 3,211 shares during the period. Stifel Financial Corp lifted its stake in shares of Rambus by 1.0% in the 3rd quarter. Stifel Financial Corp now owns 173,698 shares of the semiconductor company’s stock valued at $2,279,000 after purchasing an additional 1,786 shares during the period. California State Teachers Retirement System lifted its stake in shares of Rambus by 2.5% in the 3rd quarter. California State Teachers Retirement System now owns 174,306 shares of the semiconductor company’s stock valued at $2,288,000 after purchasing an additional 4,249 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Rambus by 1,162.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 24,686 shares of the semiconductor company’s stock valued at $324,000 after purchasing an additional 22,731 shares during the period. 83.01% of the stock is currently owned by institutional investors.
Rambus Inc provides semiconductor products in the United States, Japan, Europe, Taiwan, China, South Korea, Canada, Singapore, Asia, and internationally. The company operates through three divisions: Memory and Interfaces, Rambus Security, and Emerging Solutions. The Memory and Interfaces division engages in the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces.
Featured Story: What is a Derivative?
Receive News & Ratings for Rambus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rambus and related companies with MarketBeat.com's FREE daily email newsletter.