Xianzhi Sean Fan Sells 52,327 Shares of Rambus Inc. (NASDAQ:RMBS) Stock

Rambus Inc. (NASDAQ:RMBS) COO Xianzhi Sean Fan sold 52,327 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $68.02, for a total transaction of $3,559,282.54. Following the sale, the chief operating officer now directly owns 93,841 shares of the company’s stock, valued at approximately $6,383,064.82. The trade was a 35.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Rambus Trading Down 2.1 %

Shares of NASDAQ:RMBS opened at $64.95 on Friday. Rambus Inc. has a twelve month low of $37.42 and a twelve month high of $69.15. The company’s 50 day moving average is $59.58 and its 200 day moving average is $51.17. The company has a market cap of $6.92 billion, a PE ratio of 39.13 and a beta of 1.26.

Analyst Upgrades and Downgrades

RMBS has been the subject of several analyst reports. Evercore ISI assumed coverage on shares of Rambus in a research report on Tuesday, February 4th. They set an “outperform” rating and a $71.00 price target for the company. Susquehanna increased their price objective on shares of Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research report on Tuesday, February 4th. Rosenblatt Securities increased their price objective on shares of Rambus from $85.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Loop Capital assumed coverage on shares of Rambus in a research report on Monday, November 11th. They issued a “buy” rating and a $70.00 price objective for the company. Finally, StockNews.com raised shares of Rambus from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $77.29.

Hedge Funds Weigh In On Rambus

Hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. increased its holdings in Rambus by 554.9% in the 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock worth $28,000 after buying an additional 455 shares during the period. Orion Capital Management LLC acquired a new position in Rambus in the 4th quarter worth approximately $37,000. Skandinaviska Enskilda Banken AB publ increased its holdings in Rambus by 927.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company’s stock worth $38,000 after buying an additional 640 shares during the period. Quarry LP increased its holdings 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 buying an additional 264 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of Rambus by 379.1% during 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 during the period. Institutional investors and hedge funds 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.