Rambus Inc. (NASDAQ:RMBS) Director Sells $308,672.50 in Stock

Rambus Inc. (NASDAQ:RMBS) Director Necip Sayiner sold 4,625 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $66.74, for a total value of $308,672.50. Following the completion of the sale, the director now owns 42,000 shares of the company’s stock, valued at approximately $2,803,080. This represents a 9.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Rambus Trading Down 3.4 %

Shares of Rambus stock opened at $62.73 on Friday. The firm has a market cap of $6.69 billion, a P/E ratio of 37.79 and a beta of 1.26. Rambus Inc. has a 12 month low of $37.42 and a 12 month high of $69.15. The stock’s fifty day moving average price is $59.58 and its 200-day moving average price is $51.17.

Analysts Set New Price Targets

A number of analysts recently issued reports on RMBS shares. Evercore ISI started coverage on Rambus in a research report on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 price target for the company. Loop Capital began coverage on Rambus in a research report on Monday, November 11th. They issued a “buy” rating and a $70.00 price target for the company. Rosenblatt Securities lifted their target price on Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Baird R W upgraded Rambus to a “strong-buy” rating in a research report on Monday, November 25th. Finally, StockNews.com upgraded Rambus from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $77.29.

Hedge Funds Weigh In On Rambus

Institutional investors have recently made changes to their positions in the company. UMB Bank n.a. increased its stake in shares of Rambus by 554.9% during the fourth quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 455 shares during the period. Orion Capital Management LLC purchased a new position in shares of Rambus during the fourth quarter valued at $37,000. Skandinaviska Enskilda Banken AB publ increased its stake 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 buying an additional 640 shares during the period. Quarry LP increased its stake in shares of Rambus by 40.3% during the third quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 264 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Rambus by 379.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 891 shares during the period. Hedge funds and other 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.