Rambus Inc. (RMBS) Director Charles Kissner Sells 6,347 Shares

Rambus Inc. (NASDAQ:RMBS) Director Charles Kissner sold 6,347 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $14.27, for a total value of $90,571.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rambus Inc. (RMBS) opened at $14.18 on Friday. The firm has a market capitalization of $1,556.65, a price-to-earnings ratio of 157.56, a PEG ratio of 2.53 and a beta of 0.75. 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 twelve month low of $11.30 and a twelve month high of $15.50.

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

RMBS has been the topic of several research analyst reports. Zacks Investment Research cut Rambus from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. TheStreet raised Rambus from a “c+” rating to a “b-” rating in a report on Friday, October 13th. Loop Capital reissued a “buy” rating and set a $19.00 price target (up from $16.00) on shares of Rambus in a report on Tuesday, October 24th. Citigroup increased their price target on Rambus from $15.30 to $15.90 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, BidaskClub cut Rambus from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $15.98.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wesbanco Bank Inc. purchased a new stake in shares of Rambus in the 3rd quarter worth $761,000. GSA Capital Partners LLP increased its stake in shares of Rambus by 523.6% in the 2nd quarter. GSA Capital Partners LLP now owns 137,897 shares of the semiconductor company’s stock worth $1,576,000 after purchasing an additional 115,784 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Rambus by 37.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 53,220 shares of the semiconductor company’s stock worth $710,000 after purchasing an additional 14,448 shares in the last quarter. Global X MANAGEMENT CO LLC increased its stake in shares of Rambus by 16.5% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 49,129 shares of the semiconductor company’s stock worth $656,000 after purchasing an additional 6,952 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Rambus by 47.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 55,559 shares of the semiconductor company’s stock worth $742,000 after purchasing an additional 17,954 shares in the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

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Rambus Company Profile

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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