John Shinn Sells 3,947 Shares of Rambus Inc. (NASDAQ:RMBS) Stock

Rambus Inc. (NASDAQ:RMBS) SVP John Shinn sold 3,947 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $62.71, for a total transaction of $247,516.37. Following the completion of the transaction, the senior vice president now owns 16,663 shares in the company, valued at $1,044,936.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, March 19th, John Shinn sold 3,949 shares of Rambus stock. The shares were sold at an average price of $58.84, for a total transaction of $232,359.16.
• On Tuesday, March 12th, John Shinn sold 3,889 shares of Rambus stock. The shares were sold at an average price of $62.68, for a total transaction of $243,762.52.
• On Thursday, March 7th, John Shinn sold 3,928 shares of Rambus stock. The shares were sold at an average price of $64.93, for a total transaction of $255,045.04.

Rambus Stock Down 2.0 %

Shares of Rambus stock opened at $61.81 on Friday. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 20.60 and a beta of 1.16. Rambus Inc. has a 12-month low of $43.58 and a 12-month high of $76.38. The firm’s 50-day moving average price is $62.50 and its two-hundred day moving average price is $62.12.

Rambus (NASDAQ:RMBS) last posted its earnings results on Monday, February 5th. The semiconductor company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $136.00 million during the quarter, compared to analysts’ expectations of $134.00 million. Rambus had a net margin of 72.41% and a return on equity of 17.70%. On average, sell-side analysts expect that Rambus Inc. will post 1.63 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on RMBS shares. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price objective on shares of Rambus in a research note on Wednesday, March 13th. Wells Fargo & Company increased 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 equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Rambus currently has an average rating of “Moderate Buy” and an average price target of $73.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in Rambus by 2.9% during the 2nd quarter. BlackRock Inc. now owns 18,383,271 shares of the semiconductor company’s stock worth $1,179,655,000 after purchasing an additional 518,961 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Rambus by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 12,586,966 shares of the semiconductor company’s stock worth $319,960,000 after buying an additional 314,467 shares during the period. State Street Corp grew its position in shares of Rambus by 3.3% during the 3rd quarter. State Street Corp now owns 4,855,801 shares of the semiconductor company’s stock worth $123,434,000 after buying an additional 155,076 shares during the period. JPMorgan Chase & Co. grew its position in shares of Rambus by 14.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,794,327 shares of the semiconductor company’s stock worth $267,476,000 after buying an additional 616,670 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Rambus by 120.4% during the 4th quarter. Wellington Management Group LLP now owns 3,933,923 shares of the semiconductor company’s stock worth $268,490,000 after buying an additional 2,149,396 shares during the period. Institutional investors own 88.54% of the company’s stock.

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.