Rambus Inc. (NASDAQ:RMBS) CEO Luc Seraphin Sells 10,000 Shares

Rambus Inc. (NASDAQ:RMBS) CEO Luc Seraphin sold 10,000 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $58.64, for a total value of $586,400.00. Following the completion of the transaction, the chief executive officer now owns 306,931 shares of the company’s stock, valued at $17,998,433.84. The trade was a 3.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Luc Seraphin also recently made the following trade(s):

• On Tuesday, March 18th, Luc Seraphin sold 10,000 shares of Rambus stock. The shares were sold at an average price of $53.79, for a total transaction of $537,900.00.

Rambus Trading Down 3.9 %

Rambus stock opened at $56.64 on Thursday. The stock has a fifty day moving average price of $59.62 and a 200 day moving average price of $53.21. Rambus Inc. has a 52 week low of $37.43 and a 52 week high of $69.15. The firm has a market capitalization of $6.09 billion, a P/E ratio of 34.12 and a beta of 1.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Lindbrook Capital LLC grew its holdings in Rambus by 12.3% in the fourth quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company’s stock valued at $80,000 after purchasing an additional 166 shares during the period. Mariner LLC grew its stake in shares of Rambus by 1.4% during the 4th quarter. Mariner LLC now owns 12,473 shares of the semiconductor company’s stock valued at $659,000 after buying an additional 167 shares during the period. Hillsdale Investment Management Inc. increased its holdings in shares of Rambus by 0.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 45,400 shares of the semiconductor company’s stock worth $2,400,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System raised its position in shares of Rambus by 0.7% in the 4th quarter. Arizona State Retirement System now owns 31,237 shares of the semiconductor company’s stock worth $1,651,000 after buying an additional 202 shares during the period. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in Rambus by 2.8% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 8,925 shares of the semiconductor company’s stock valued at $472,000 after acquiring an additional 246 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on RMBS. Wells Fargo & Company increased their price target on shares of Rambus from $62.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Robert W. Baird set a $90.00 price target on Rambus in a research report on Monday, February 3rd. StockNews.com cut Rambus from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Susquehanna lifted their price objective on Rambus from $66.00 to $70.00 and gave the stock a “positive” rating in a research report on Tuesday, February 4th. Finally, Rosenblatt Securities boosted their target price on shares of Rambus from $85.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Rambus has an average rating of “Buy” and an average target price of $76.71.

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.