Insider Selling: Rambus Inc. (NASDAQ:RMBS) CEO Sells $47,536.74 in Stock

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Rambus Inc. (NASDAQ:RMBS) CEO Luc Seraphin sold 3,746 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $12.69, for a total transaction of $47,536.74. Following the transaction, the chief executive officer now owns 188,862 shares in the company, valued at approximately $2,396,658.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, November 4th, Luc Seraphin sold 18,226 shares of Rambus stock. The stock was 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 stock was sold at an average price of $13.99, for a total transaction of $417,671.45.

Shares of RMBS stock opened at $12.92 on Friday. Rambus Inc. has a 12 month low of $7.17 and a 12 month high of $14.83. The stock has a market cap of $1.44 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.79 and a beta of 0.67. The company has a current ratio of 7.43, a quick ratio of 7.32 and a debt-to-equity ratio of 0.16. The company’s fifty day moving average price is $13.51 and its 200-day moving average price is $12.61.

Rambus (NASDAQ:RMBS) last released its earnings results on Monday, November 4th. The semiconductor company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.26). The business had revenue of $57.40 million during the quarter, compared to analysts’ expectations of $89.00 million. Rambus had a negative return on equity of 0.30% and a negative net margin of 20.91%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 earnings per share. On average, sell-side analysts forecast that Rambus Inc. will post 0.73 earnings per share for the current fiscal year.

RMBS has been the topic of several research reports. BidaskClub cut Rambus from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. ValuEngine lowered Rambus from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Co raised their target price on Rambus from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Rambus currently has a consensus rating of “Hold” and an average price target of $13.75.

A number of large investors have recently bought and sold shares of the stock. Marshall Wace LLP bought a new position in shares of Rambus during the first quarter valued at approximately $46,000. Arizona State Retirement System grew its stake in shares of Rambus by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 170,682 shares of the semiconductor company’s stock worth $2,055,000 after buying an additional 2,468 shares during the last quarter. SG Americas Securities LLC increased its position in Rambus by 143.1% during the 2nd quarter. SG Americas Securities LLC now owns 377,559 shares of the semiconductor company’s stock valued at $4,546,000 after buying an additional 222,251 shares in the last quarter. Aperio Group LLC increased its position in Rambus by 20.6% during the 2nd quarter. Aperio Group LLC now owns 32,272 shares of the semiconductor company’s stock valued at $389,000 after buying an additional 5,506 shares in the last quarter. Finally, Swiss National Bank increased its position in Rambus by 2.6% during the 2nd quarter. Swiss National Bank now owns 202,900 shares of the semiconductor company’s stock valued at $2,443,000 after buying an additional 5,100 shares in the last quarter. 80.25% of the stock is currently owned by institutional investors and hedge funds.

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.

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Insider Buying and Selling by Quarter for Rambus (NASDAQ:RMBS)

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