Key Points
- Director Meera Rao sold 8,538 shares on April 14 at an average of $118.08 for a total of $1,008,167.04, leaving her with 22,946 shares — a 27.12% reduction in her ownership.
- Rambus reported Q results with EPS $0.68 (in line with estimates) and revenue of $190.24M vs. $188.21M expected, showing a net margin of 32.57% and ROE of 17.69%.
- The stock trades near $120 with a 52-week range of $43.21–$135.75, a market cap of $12.98B and P/E of 56.88; analysts are mixed but the consensus rating is "Moderate Buy" with an average price target of $105.71.
Rambus, Inc. (NASDAQ:RMBS - Get Free Report) Director Meera Rao sold 8,538 shares of the company's stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $118.08, for a total value of $1,008,167.04. Following the transaction, the director directly owned 22,946 shares in the company, valued at $2,709,463.68. This represents a 27.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Rambus Price Performance
Shares of NASDAQ:RMBS opened at $120.02 on Thursday. The business's 50-day moving average is $97.44 and its 200 day moving average is $99.41. Rambus, Inc. has a 1 year low of $43.21 and a 1 year high of $135.75. The firm has a market capitalization of $12.98 billion, a P/E ratio of 56.88 and a beta of 1.63.
Rambus (NASDAQ:RMBS - Get Free Report) last announced its earnings results on Monday, February 2nd. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.68. Rambus had a return on equity of 17.69% and a net margin of 32.57%.The company had revenue of $190.24 million for the quarter, compared to analyst estimates of $188.21 million. On average, analysts expect that Rambus, Inc. will post 1.89 EPS for the current year.
Analysts Set New Price Targets
RMBS has been the topic of several research analyst reports. Weiss Ratings downgraded Rambus from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, March 10th. Susquehanna dropped their price target on Rambus from $100.00 to $90.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 3rd. Rosenblatt Securities reiterated a "buy" rating and set a $130.00 price target on shares of Rambus in a research note on Tuesday, February 3rd. Evercore dropped their price target on Rambus from $126.00 to $119.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 3rd. Finally, Zacks Research upgraded Rambus to a "hold" rating in a research note on Monday, January 26th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Rambus presently has an average rating of "Moderate Buy" and a consensus price target of $105.71.
Check Out Our Latest Report on RMBS
Hedge Funds Weigh In On Rambus
Institutional investors and hedge funds have recently modified their holdings of the stock. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Rambus in the 3rd quarter valued at about $25,000. Acumen Wealth Advisors LLC acquired a new position in shares of Rambus in the 4th quarter valued at about $25,000. Torren Management LLC acquired a new position in shares of Rambus in the 4th quarter valued at about $26,000. Abound Wealth Management acquired a new position in shares of Rambus in the 3rd quarter valued at about $28,000. Finally, Spire Wealth Management lifted its holdings in shares of Rambus by 199.0% in the 4th quarter. Spire Wealth Management now owns 302 shares of the semiconductor company's stock valued at $28,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 88.54% of the company's stock.
Rambus Company Profile
(
Get Free Report)
Rambus Inc is a technology licensing company specializing in semiconductor and system-level interface solutions. Founded in 1990 by Stanford University researchers Mike Farmwald and Mark Horowitz, Rambus established its headquarters in Sunnyvale, California. The company initially gained prominence by developing high-speed DRAM interface technology and securing a broad patent portfolio covering memory architecture, data signaling and power management innovations.
Today, Rambus licenses its proprietary intellectual property (IP) to semiconductor companies, original equipment manufacturers (OEMs) and system integrators worldwide.
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