Insider Selling: Rambus Inc. (NASDAQ:RMBS) Director Sells $307,985.60 in Stock

Rambus Inc. (NASDAQ:RMBS) Director Eric B. Stang sold 5,408 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $56.95, for a total transaction of $307,985.60. Following the completion of the transaction, the director now owns 32,422 shares of the company’s stock, valued at approximately $1,846,432.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Rambus Trading Up 1.4 %

Shares of Rambus stock opened at $56.70 on Friday. Rambus Inc. has a twelve month low of $48.13 and a twelve month high of $76.38. The firm’s 50-day moving average price is $59.62 and its 200 day moving average price is $62.40. The firm has a market capitalization of $6.11 billion, a PE ratio of 17.34 and a beta of 1.18.

Hedge Funds Weigh In On Rambus

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Coldstream Capital Management Inc. raised its stake in Rambus by 3.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 4,632 shares of the semiconductor company’s stock valued at $316,000 after purchasing an additional 173 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Rambus by 65.8% in the fourth quarter. Fifth Third Bancorp now owns 504 shares of the semiconductor company’s stock worth $34,000 after buying an additional 200 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Rambus by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 30,900 shares of the semiconductor company’s stock worth $1,910,000 after buying an additional 200 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in Rambus by 0.7% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 31,193 shares of the semiconductor company’s stock valued at $1,740,000 after acquiring an additional 220 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Rambus by 100.4% in the 4th quarter. Blue Trust Inc. now owns 447 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 224 shares during the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price target on shares of Rambus in a report on Wednesday, March 13th. Wells Fargo & Company lifted their price target on shares of Rambus from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $77.75.

Rambus Company Profile

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.