Rambus Inc. (NASDAQ:RMBS) SVP Laura Stark sold 2,936 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $12.00, for a total transaction of $35,232.00. Following the completion of the sale, the senior vice president now owns 236,053 shares of the company’s stock, valued at approximately $2,832,636. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Laura Stark also recently made the following trade(s):
- On Wednesday, January 10th, Laura Stark sold 2,940 shares of Rambus stock. The shares were sold at an average price of $14.10, for a total transaction of $41,454.00.
- On Monday, December 11th, Laura Stark sold 4,064 shares of Rambus stock. The shares were sold at an average price of $14.72, for a total transaction of $59,822.08.
Shares of Rambus Inc. (NASDAQ RMBS) opened at $12.32 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.76 and a current ratio of 2.80. Rambus Inc. has a one year low of $11.30 and a one year high of $15.50. The stock has a market cap of $1,336.00, a P/E ratio of -72.47, a PEG ratio of 1.86 and a beta of 0.52.
Rambus (NASDAQ:RMBS) last issued its quarterly earnings results on Monday, January 29th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. Rambus had a negative net margin of 4.70% and a positive return on equity of 9.56%. The company had revenue of $101.89 million during the quarter, compared to analyst estimates of $101.25 million. During the same quarter last year, the business posted $0.16 EPS. Rambus’s quarterly revenue was up 4.4% compared to the same quarter last year. research analysts expect that Rambus Inc. will post 0.66 earnings per share for the current year.
RMBS has been the subject of several analyst reports. Loop Capital reiterated a “buy” rating and issued a $19.00 price objective (up previously from $16.00) on shares of Rambus in a research note on Tuesday, October 24th. Citigroup increased their price objective on shares of Rambus from $15.30 to $15.90 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded shares of Rambus from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Friday, October 27th. BidaskClub lowered shares of Rambus from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Benchmark restated a “buy” rating and set a $18.00 price target (up previously from $16.00) on shares of Rambus in a research note on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $16.32.
Several hedge funds have recently modified their holdings of RMBS. Millennium Management LLC boosted its holdings in Rambus by 14.5% in the 4th quarter. Millennium Management LLC now owns 1,785,638 shares of the semiconductor company’s stock worth $25,392,000 after buying an additional 225,529 shares during the period. Two Sigma Investments LP boosted its holdings in Rambus by 14.8% in the 4th quarter. Two Sigma Investments LP now owns 715,177 shares of the semiconductor company’s stock worth $10,170,000 after buying an additional 92,447 shares during the period. Two Sigma Advisers LP boosted its holdings in Rambus by 30.3% in the 4th quarter. Two Sigma Advisers LP now owns 771,209 shares of the semiconductor company’s stock worth $10,967,000 after buying an additional 179,123 shares during the period. Quantitative Investment Management LLC bought a new position in Rambus in the 4th quarter worth approximately $760,000. Finally, Renaissance Technologies LLC boosted its holdings in Rambus by 28.6% in the 4th quarter. Renaissance Technologies LLC now owns 4,231,286 shares of the semiconductor company’s stock worth $60,169,000 after buying an additional 941,800 shares during the period. Institutional investors own 78.01% of the company’s stock.
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Rambus Inc (Rambus) produces hardware and software technologies. The Company’s segments include Memory and Interface Division (MID), which focuses the design, development, manufacturing through partnerships and licensing of technology and solutions that is related to memory and interfaces; Rambus Security Division (RSD), which focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments; Emerging Solutions Division (ESD), which encompasses its long-term research and development efforts in the area of emerging technologies, and Rambus Lighting Division (RLD), which focuses on the design, development and licensing of technologies for lighting.
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