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

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

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

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

Rambus Price Performance

Shares of NASDAQ:RMBS opened at $55.44 on Friday. Rambus Inc. has a fifty-two week low of $37.43 and a fifty-two week high of $69.15. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 33.40 and a beta of 1.25. The firm’s 50 day simple moving average is $59.53 and its 200 day simple moving average is $53.22.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Robert W. Baird set a $90.00 target price on shares of Rambus in a research note on Monday, February 3rd. Evercore ISI assumed coverage on shares of Rambus in a research note on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 target price for the company. Susquehanna upped their price objective on Rambus from $66.00 to $70.00 and gave the stock a “positive” rating in a report on Tuesday, February 4th. StockNews.com downgraded Rambus from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Rosenblatt Securities lifted their price objective on Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $76.71.

Hedge Funds Weigh In On Rambus

Hedge funds and other institutional investors have recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in Rambus by 554.9% during the fourth quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 455 shares in the last quarter. Orion Capital Management LLC acquired a new position in shares of Rambus in the 4th quarter valued at approximately $37,000. Skandinaviska Enskilda Banken AB publ raised its holdings in Rambus by 927.5% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company’s stock worth $38,000 after buying an additional 640 shares during the period. Quarry LP raised its holdings in shares of Rambus by 40.3% during the third quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 264 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Rambus by 379.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company’s stock valued at $60,000 after acquiring an additional 891 shares in the last quarter. 88.54% of the stock is owned by institutional investors.

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.