Rambus Inc. (NASDAQ:RMBS) CEO Luc Seraphin Sells 10,000 Shares

Rambus Inc. (NASDAQ:RMBS) CEO Luc Seraphin sold 10,000 shares of Rambus stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $58.64, for a total value of $586,400.00. Following the completion of the sale, the chief executive officer now owns 306,931 shares of the company’s stock, valued at approximately $17,998,433.84. The trade was a 3.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, March 18th, Luc Seraphin sold 10,000 shares of Rambus stock. The stock was sold at an average price of $53.79, for a total transaction of $537,900.00.

Rambus Stock Performance

Shares of RMBS opened at $53.70 on Friday. The firm has a market capitalization of $5.77 billion, a P/E ratio of 32.35 and a beta of 1.25. Rambus Inc. has a 52 week low of $37.43 and a 52 week high of $69.15. The stock has a 50 day moving average price of $59.37 and a two-hundred day moving average price of $53.33.

Analyst Ratings Changes

Several brokerages recently issued reports on RMBS. StockNews.com lowered shares of Rambus from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Wells Fargo & Company increased their price objective on shares of Rambus from $62.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Evercore ISI started coverage on Rambus in a research report on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 target price for the company. Rosenblatt Securities increased their price target on Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, Susquehanna raised their price objective on Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $76.71.

Institutional Investors Weigh In On Rambus

Institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. boosted its holdings in Rambus by 554.9% during the 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 455 shares during the last quarter. Orion Capital Management LLC bought a new position in shares of Rambus during the fourth quarter valued at about $37,000. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Rambus by 927.5% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 640 shares in the last quarter. Quarry LP boosted its holdings in Rambus by 40.3% during the third quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 264 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Rambus by 379.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 891 shares in the last quarter. Institutional investors own 88.54% of the company’s stock.

Rambus Company Profile

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.