Rambus Inc. (RMBS) SVP Laura Stark Sells 2,940 Shares

Rambus Inc. (NASDAQ:RMBS) SVP Laura Stark sold 2,940 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $14.10, for a total transaction of $41,454.00. Following the completion of the sale, the senior vice president now directly owns 199,673 shares of the company’s stock, valued at approximately $2,815,389.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Laura Stark also recently made the following trade(s):

  • On Monday, December 11th, Laura Stark sold 4,064 shares of Rambus stock. The stock was sold at an average price of $14.72, for a total transaction of $59,822.08.
  • On Friday, November 10th, Laura Stark sold 2,937 shares of Rambus stock. The stock was sold at an average price of $14.48, for a total transaction of $42,527.76.

Shares of Rambus Inc. (NASDAQ:RMBS) opened at $14.36 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.37. Rambus Inc. has a 12 month low of $11.30 and a 12 month high of $15.50. The firm has a market cap of $1,576.41, a P/E ratio of 28.72, a PEG ratio of 2.56 and a beta of 0.75.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings results on Monday, October 23rd. The semiconductor company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Rambus had a net margin of 2.54% and a return on equity of 9.79%. The firm had revenue of $99.10 million during the quarter, compared to the consensus estimate of $99.00 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. sell-side analysts expect that Rambus Inc. will post 0.52 EPS for the current fiscal year.

Several analysts have issued reports on the stock. BidaskClub downgraded shares of Rambus from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Zacks Investment Research downgraded shares of Rambus from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Citigroup lifted their price target on shares of Rambus from $15.30 to $15.90 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Loop Capital reaffirmed a “buy” rating and set a $19.00 price target (up previously from $16.00) on shares of Rambus in a research note on Tuesday, October 24th. Finally, TheStreet raised shares of Rambus from a “c+” rating to a “b-” rating in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $15.98.

Several institutional investors have recently bought and sold shares of RMBS. Ameritas Investment Partners Inc. raised its stake in shares of Rambus by 9.2% during the second quarter. Ameritas Investment Partners Inc. now owns 9,734 shares of the semiconductor company’s stock valued at $111,000 after acquiring an additional 822 shares in the last quarter. Zions Bancorporation purchased a new position in Rambus during the third quarter valued at approximately $122,000. Shelton Capital Management purchased a new position in Rambus during the second quarter valued at approximately $126,000. Petrus Trust Company LTA purchased a new position in Rambus during the second quarter valued at approximately $138,000. Finally, Magnetar Financial LLC purchased a new position in Rambus during the third quarter valued at approximately $145,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

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About Rambus

Rambus Inc (Rambus) produces hardware and software technologies. The Company’s segments include Memory and Interface Division (MID), which focuses the design, development, manufacturing through partnerships and licensing of technology and solutions that is related to memory and interfaces; Rambus Security Division (RSD), which focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments; Emerging Solutions Division (ESD), which encompasses its long-term research and development efforts in the area of emerging technologies, and Rambus Lighting Division (RLD), which focuses on the design, development and licensing of technologies for lighting.

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

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