Rambus Inc. (NASDAQ:RMBS) SVP John Shinn Sells 3,947 Shares

Rambus Inc. (NASDAQ:RMBS) SVP John Shinn sold 3,947 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $62.71, for a total transaction of $247,516.37. Following the sale, the senior vice president now owns 16,663 shares of the company’s stock, valued at $1,044,936.73. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

John Shinn also recently made the following trade(s):

• On Tuesday, March 19th, John Shinn sold 3,949 shares of Rambus stock. The shares were sold at an average price of $58.84, for a total transaction of $232,359.16.
• On Tuesday, March 12th, John Shinn sold 3,889 shares of Rambus stock. The shares were sold at an average price of $62.68, for a total transaction of $243,762.52.
• On Thursday, March 7th, John Shinn sold 3,928 shares of Rambus stock. The stock was sold at an average price of $64.93, for a total transaction of $255,045.04.

Rambus Trading Up 1.6 %

NASDAQ RMBS opened at $63.10 on Thursday. The company has a fifty day simple moving average of $62.64 and a two-hundred day simple moving average of $62.12. The stock has a market cap of $6.85 billion, a P/E ratio of 21.03 and a beta of 1.16. Rambus Inc. has a 12-month low of $43.19 and a 12-month high of $76.38.

Rambus (NASDAQ:RMBS) last issued its earnings results on Monday, February 5th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. Rambus had a net margin of 72.41% and a return on equity of 17.70%. The firm had revenue of $136.00 million during the quarter, compared to analysts’ expectations of $134.00 million. As a group, sell-side analysts forecast that Rambus Inc. will post 1.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on RMBS. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Rambus in a research note on Wednesday, March 13th. Wells Fargo & Company upped their target price on shares of Rambus from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Rambus presently has an average rating of “Moderate Buy” and a consensus target price of $73.20.

Institutional Trading of Rambus

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its position in shares of Rambus by 2.9% in the second quarter. BlackRock Inc. now owns 18,383,271 shares of the semiconductor company’s stock valued at $1,179,655,000 after purchasing an additional 518,961 shares during the period. Vanguard Group Inc. boosted its position in Rambus by 2.6% during the third quarter. Vanguard Group Inc. now owns 12,586,966 shares of the semiconductor company’s stock worth $319,960,000 after acquiring an additional 314,467 shares during the last quarter. State Street Corp boosted its position in Rambus by 3.3% during the third quarter. State Street Corp now owns 4,855,801 shares of the semiconductor company’s stock worth $123,434,000 after acquiring an additional 155,076 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Rambus by 14.8% during the third quarter. JPMorgan Chase & Co. now owns 4,794,327 shares of the semiconductor company’s stock worth $267,476,000 after acquiring an additional 616,670 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Rambus by 120.4% during the fourth quarter. Wellington Management Group LLP now owns 3,933,923 shares of the semiconductor company’s stock worth $268,490,000 after acquiring an additional 2,149,396 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

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.