John Shinn Sells 3,889 Shares of Rambus Inc. (NASDAQ:RMBS) Stock

Rambus Inc. (NASDAQ:RMBSGet Free Report) SVP John Shinn sold 3,889 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $62.68, for a total transaction of $243,762.52. Following the completion of the sale, the senior vice president now owns 24,559 shares in the company, valued at approximately $1,539,358.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

John Shinn also recently made the following trade(s):

  • On Thursday, March 7th, John Shinn sold 3,928 shares of Rambus stock. The stock was sold at an average price of $64.93, for a total transaction of $255,045.04.

Rambus Price Performance

RMBS opened at $60.99 on Friday. Rambus Inc. has a fifty-two week low of $41.24 and a fifty-two week high of $76.38. The firm’s fifty day moving average price is $63.47 and its two-hundred day moving average price is $61.74. The company has a market capitalization of $6.62 billion, a P/E ratio of 20.33 and a beta of 1.16.

Rambus (NASDAQ:RMBSGet Free Report) last posted its quarterly earnings results on Monday, February 5th. The semiconductor company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $136.00 million for 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 expect that Rambus Inc. will post 1.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price objective on shares of Rambus in a research note on Tuesday, February 6th. Wells Fargo & Company raised their price objective on shares of Rambus from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $73.20.

View Our Latest Stock Report on Rambus

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its holdings in shares of Rambus by 120.4% during the fourth quarter. Wellington Management Group LLP now owns 3,933,923 shares of the semiconductor company’s stock valued at $268,490,000 after acquiring an additional 2,149,396 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Rambus by 18.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 858,444 shares of the semiconductor company’s stock valued at $58,589,000 after acquiring an additional 133,304 shares during the period. American International Group Inc. lifted its holdings in shares of Rambus by 231.7% during the fourth quarter. American International Group Inc. now owns 198,577 shares of the semiconductor company’s stock valued at $13,553,000 after acquiring an additional 138,714 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Rambus by 17.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 952,300 shares of the semiconductor company’s stock valued at $64,996,000 after acquiring an additional 143,466 shares during the period. Finally, DRW Securities LLC bought a new position in shares of Rambus during the fourth quarter valued at $248,000. 86.15% of the stock is owned by institutional investors.

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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