Rambus Inc. (NASDAQ:RMBS) COO Sells $3,559,282.54 in Stock

Rambus Inc. (NASDAQ:RMBS) COO Xianzhi Sean Fan sold 52,327 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $68.02, for a total transaction of $3,559,282.54. Following the completion of the sale, the chief operating officer now owns 93,841 shares in the company, valued at approximately $6,383,064.82. The trade was a 35.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Rambus Stock Down 3.4 %

NASDAQ:RMBS opened at $62.73 on Friday. The company has a fifty day moving average of $59.58 and a 200-day moving average of $51.17. The firm has a market capitalization of $6.69 billion, a P/E ratio of 37.79 and a beta of 1.26. Rambus Inc. has a twelve month low of $37.42 and a twelve month high of $69.15.

Analyst Ratings Changes

Several equities research analysts recently commented on RMBS shares. Susquehanna lifted their target price on shares of Rambus from $66.00 to $70.00 and gave the stock a “positive” rating in a research report on Tuesday, February 4th. Baird R W upgraded shares of Rambus to a “strong-buy” rating in a research report on Monday, November 25th. Robert W. Baird started coverage on shares of Rambus in a research report on Monday, November 25th. They set an “outperform” rating and a $90.00 target price on the stock. StockNews.com upgraded shares of Rambus from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Finally, Rosenblatt Securities lifted their target price on shares of Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $77.29.

Institutional Trading of Rambus

Several hedge funds have recently modified their holdings of the stock. Orion Capital Management LLC bought a new stake in shares of Rambus in the 4th quarter valued at $37,000. Castleark Management LLC bought a new stake in shares of Rambus in the 4th quarter valued at $7,395,000. PharVision Advisers LLC bought a new stake in Rambus during the 4th quarter valued at $253,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Rambus by 18.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 290,392 shares of the semiconductor company’s stock valued at $15,350,000 after purchasing an additional 45,967 shares in the last quarter. Finally, Vident Advisory LLC increased its stake in Rambus by 11.6% during the 4th quarter. Vident Advisory LLC now owns 73,714 shares of the semiconductor company’s stock valued at $3,897,000 after purchasing an additional 7,686 shares in the last quarter. 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.