Luc Seraphin Sells 18,287 Shares of Rambus Inc. (NASDAQ:RMBS) Stock

Rambus Inc. (NASDAQ:RMBS) insider Luc Seraphin sold 18,287 shares of Rambus stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $11.98, for a total value of $219,078.26. Following the completion of the transaction, the insider now directly owns 228,697 shares of the company’s stock, valued at approximately $2,739,790.06. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Thursday, May 2nd, Luc Seraphin sold 2,674 shares of Rambus stock. The stock was sold at an average price of $11.40, for a total value of $30,483.60.

Shares of NASDAQ:RMBS opened at $11.94 on Wednesday. Rambus Inc. has a fifty-two week low of $7.17 and a fifty-two week high of $13.61. The stock has a 50-day simple moving average of $11.64. The company has a current ratio of 7.87, a quick ratio of 7.75 and a debt-to-equity ratio of 0.16. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 1.66 and a beta of 0.76.



Rambus (NASDAQ:RMBS) last issued its earnings results on Monday, April 22nd. The semiconductor company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.36). Rambus had a positive return on equity of 5.11% and a negative net margin of 25.04%. The business had revenue of $100.20 million during the quarter, compared to analysts’ expectations of $99.00 million. During the same period last year, the firm posted $0.21 EPS. Rambus’s quarterly revenue was down .3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Rambus Inc. will post 0.73 EPS for the current year.

A number of large investors have recently modified their holdings of RMBS. Norges Bank purchased a new position in Rambus in the 4th quarter worth about $13,318,000. Vaughan Nelson Investment Management L.P. purchased a new position in Rambus in the 1st quarter worth about $16,601,000. Assenagon Asset Management S.A. raised its position in Rambus by 573.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 554,217 shares of the semiconductor company’s stock worth $5,792,000 after buying an additional 471,886 shares during the last quarter. Two Sigma Investments LP raised its position in Rambus by 245.2% in the 4th quarter. Two Sigma Investments LP now owns 550,375 shares of the semiconductor company’s stock worth $4,221,000 after buying an additional 390,947 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Rambus by 6.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,909,106 shares of the semiconductor company’s stock worth $45,323,000 after buying an additional 333,048 shares during the last quarter. 77.84% of the stock is owned by institutional investors and hedge funds.

RMBS has been the subject of several recent analyst reports. Deutsche Bank lifted their price target on Rambus from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. BidaskClub raised Rambus from a “sell” rating to a “hold” rating in a research report on Saturday, March 16th. Zacks Investment Research lowered Rambus from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Wells Fargo & Co started coverage on Rambus in a research report on Tuesday, May 14th. They issued an “outperform” rating and a $11.35 target price for the company. Finally, TheStreet raised Rambus from a “d+” rating to a “c-” rating in a research report on Friday, April 12th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $12.09.

About Rambus

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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