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

Rambus Inc. (NASDAQ:RMBS) CEO Luc Seraphin sold 10,000 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $50.88, for a total transaction of $508,800.00. Following the transaction, the chief executive officer now owns 346,844 shares of the company’s stock, valued at $17,647,422.72. The trade was a 2.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, March 25th, Luc Seraphin sold 10,000 shares of Rambus stock. The stock was sold at an average price of $58.64, for a total transaction of $586,400.00.
• On Tuesday, March 18th, Luc Seraphin sold 10,000 shares of Rambus stock. The shares were sold at an average price of $53.79, for a total value of $537,900.00.

Rambus Stock Performance

Shares of RMBS stock opened at $43.13 on Friday. Rambus Inc. has a 52 week low of $37.43 and a 52 week high of $69.15. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 25.98 and a beta of 1.25. The company has a 50-day simple moving average of $57.96 and a 200 day simple moving average of $53.64.

Institutional Investors Weigh In On Rambus

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

Analyst Ratings Changes

Several research analysts have weighed in on the company. Robert W. Baird set a $90.00 price target on Rambus in a research report on Monday, February 3rd. StockNews.com downgraded shares of Rambus from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Wells Fargo & Company increased their price target on shares of Rambus from $62.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Susquehanna boosted their price objective on shares of Rambus from $66.00 to $70.00 and gave the stock a “positive” rating in a research note on Tuesday, February 4th. Finally, Evercore ISI initiated coverage on shares of Rambus in a report on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 target price on the stock. One equities 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 data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $76.71.

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.