Rambus Inc. (NASDAQ:RMBS) CEO Luc Seraphin sold 3,746 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $12.69, for a total transaction of $47,536.74. Following the sale, the chief executive officer now owns 188,862 shares of the company’s stock, valued at $2,396,658.78. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Luc Seraphin also recently made the following trade(s):
- On Monday, November 4th, Luc Seraphin sold 18,226 shares of Rambus stock. The shares were sold at an average price of $13.94, for a total transaction of $254,070.44.
- On Friday, September 13th, Luc Seraphin sold 29,855 shares of Rambus stock. The shares were sold at an average price of $13.99, for a total transaction of $417,671.45.
Shares of RMBS stock traded up $0.16 during mid-day trading on Wednesday, reaching $12.74. 350,974 shares of the company’s stock traded hands, compared to its average volume of 766,030. Rambus Inc. has a 12 month low of $7.17 and a 12 month high of $14.83. The firm has a 50 day moving average price of $13.54 and a two-hundred day moving average price of $12.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 7.32 and a current ratio of 7.43. The firm has a market capitalization of $1.42 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 1.79 and a beta of 0.67.
Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.39). Rambus had a negative net margin of 20.91% and a negative return on equity of 0.30%. The business had revenue of $57.40 million for the quarter, compared to the consensus estimate of $89.00 million. During the same period in the previous year, the firm earned $0.22 EPS. The company’s revenue was down 3.9% on a year-over-year basis. As a group, equities analysts expect that Rambus Inc. will post 0.73 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the company. California Public Employees Retirement System grew its position in shares of Rambus by 37.3% during the 3rd quarter. California Public Employees Retirement System now owns 228,947 shares of the semiconductor company’s stock valued at $3,005,000 after acquiring an additional 62,251 shares during the period. Rhumbline Advisers grew its position in shares of Rambus by 7.4% during the 3rd quarter. Rhumbline Advisers now owns 357,672 shares of the semiconductor company’s stock valued at $4,694,000 after acquiring an additional 24,615 shares during the period. Morgan Stanley grew its position in shares of Rambus by 4,124.8% during the 2nd quarter. Morgan Stanley now owns 1,180,656 shares of the semiconductor company’s stock valued at $14,215,000 after acquiring an additional 1,152,710 shares during the period. Bank of Montreal Can grew its position in shares of Rambus by 3.9% during the 2nd quarter. Bank of Montreal Can now owns 280,724 shares of the semiconductor company’s stock valued at $3,380,000 after acquiring an additional 10,432 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Rambus during the 2nd quarter valued at $2,468,000. 80.25% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on the stock. ValuEngine lowered shares of Rambus from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co boosted their target price on shares of Rambus from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Finally, BidaskClub lowered shares of Rambus from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $13.75.
Rambus Company Profile
Rambus Inc provides semiconductor products in the United States, Japan, Europe, Taiwan, China, South Korea, Canada, Singapore, Asia, and internationally. The company operates through three divisions: Memory and Interfaces, Rambus Security, and Emerging Solutions. The Memory and Interfaces division engages in the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces.
Further Reading: Momentum Indicators
Receive News & Ratings for Rambus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rambus and related companies with MarketBeat.com's FREE daily email newsletter.