Rambus Inc. (RMBS) SVP Jae Kim Sells 7,292 Shares

Rambus Inc. (NASDAQ:RMBS) SVP Jae Kim sold 7,292 shares of the firm’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $8.68, for a total value of $63,294.56. Following the transaction, the senior vice president now directly owns 122,532 shares in the company, valued at $1,063,577.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of RMBS traded down $0.51 during trading hours on Tuesday, reaching $8.41. 547,000 shares of the company’s stock traded hands, compared to its average volume of 749,721. The firm has a market capitalization of $946.13 million, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 1.16 and a beta of 0.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 7.91 and a current ratio of 8.02. Rambus Inc. has a twelve month low of $7.30 and a twelve month high of $14.95.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings results on Monday, October 29th. The semiconductor company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.23). The business had revenue of $59.80 million for the quarter, compared to analyst estimates of $100.00 million. Rambus had a negative net margin of 45.18% and a positive return on equity of 7.78%. Rambus’s revenue for the quarter was down 39.7% on a year-over-year basis. During the same period last year, the business posted $0.19 earnings per share. Analysts forecast that Rambus Inc. will post 0.75 EPS for the current fiscal year.

A number of research analysts have recently commented on the company. TheStreet lowered Rambus from a “c-” rating to a “d” rating in a report on Tuesday, October 30th. Deutsche Bank lowered their price target on Rambus from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, October 30th. Roth Capital lowered their price target on Rambus from $18.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, October 23rd. ValuEngine lowered Rambus from a “sell” rating to a “strong sell” rating in a report on Monday, October 8th. Finally, BidaskClub lowered Rambus from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.80.

Large investors have recently added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc grew its holdings in Rambus by 471.4% during the second quarter. NumerixS Investment Technologies Inc now owns 8,000 shares of the semiconductor company’s stock worth $104,000 after acquiring an additional 6,600 shares during the period. Advisors Capital Management LLC acquired a new position in Rambus during the second quarter worth about $143,000. Laurion Capital Management LP acquired a new position in Rambus during the third quarter worth about $161,000. Hartford Investment Management Co. acquired a new position in Rambus during the second quarter worth about $168,000. Finally, Virtu Financial LLC acquired a new position in Rambus during the third quarter worth about $184,000. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

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Rambus Company Profile

Rambus Inc provides semiconductor products in South Korea and internationally. The company operates through Memory and Interfaces, Security, and Other segments. It focuses on the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces; and design, development, deployment, and licensing of technologies for chip, system and in-field application security, anti-counterfeiting, smart ticketing, and mobile payments.

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