Rambus Inc. (NASDAQ:RMBS) Director Sells 5,408 Shares

Rambus Inc. (NASDAQ:RMBS) Director Meera Rao sold 5,408 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $58.22, for a total transaction of $314,853.76. Following the transaction, the director now directly owns 29,090 shares in the company, valued at $1,693,619.80. This trade represents a 15.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rambus Trading Down 1.2 %

Shares of NASDAQ:RMBS opened at $57.41 on Friday. The stock has a market cap of $6.12 billion, a PE ratio of 35.66 and a beta of 1.22. The stock’s fifty day simple moving average is $51.12 and its two-hundred day simple moving average is $50.42. Rambus Inc. has a 1-year low of $37.42 and a 1-year high of $76.38.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Loop Capital initiated coverage on Rambus in a research note on Monday, November 11th. They set a “buy” rating and a $70.00 price target on the stock. Wells Fargo & Company started coverage on Rambus in a report on Wednesday, November 6th. They issued an “overweight” rating and a $62.00 target price on the stock. Robert W. Baird began coverage on shares of Rambus in a research note on Monday, November 25th. They set an “outperform” rating and a $90.00 price target for the company. Baird R W raised shares of Rambus to a “strong-buy” rating in a research note on Monday, November 25th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price objective on shares of Rambus in a report on Tuesday, October 29th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $74.67.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Quarry LP grew its position in Rambus by 40.3% in the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 264 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Rambus by 68.7% in the second quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 296 shares in the last quarter. Chartwell Investment Partners LLC increased its position in shares of Rambus by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 38,956 shares of the semiconductor company’s stock valued at $1,645,000 after acquiring an additional 318 shares during the last quarter. Great Valley Advisor Group Inc. lifted its holdings in Rambus by 4.3% during the third quarter. Great Valley Advisor Group Inc. now owns 8,550 shares of the semiconductor company’s stock worth $361,000 after acquiring an additional 350 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in Rambus by 11.0% in the second quarter. Nisa Investment Advisors LLC now owns 4,996 shares of the semiconductor company’s stock worth $294,000 after purchasing an additional 496 shares during the last quarter. 88.54% of the stock is owned by institutional investors.

About Rambus

Rambus Inc provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP.