Xianzhi Sean Fan Sells 37,914 Shares of Rambus (NASDAQ:RMBS) Stock

Rambus, Inc. (NASDAQ:RMBS) EVP Xianzhi Sean Fan sold 37,914 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $151.69, for a total transaction of $5,751,174.66. Following the sale, the executive vice president owned 168,358 shares of the company’s stock, valued at $25,538,225.02. This trade represents a 18.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Rambus Stock Performance

RMBS traded up $14.25 during midday trading on Tuesday, reaching $157.23. The company had a trading volume of 2,860,946 shares, compared to its average volume of 2,473,734. The stock has a market cap of $17.00 billion, a PE ratio of 74.87 and a beta of 1.79. Rambus, Inc. has a 12-month low of $52.12 and a 12-month high of $161.80. The business has a 50-day moving average price of $114.04 and a two-hundred day moving average price of $104.72.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. The company had revenue of $180.19 million during the quarter, compared to analyst estimates of $179.94 million. Rambus had a net margin of 31.90% and a return on equity of 17.41%. On average, research analysts anticipate that Rambus, Inc. will post 2.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on RMBS shares. Weiss Ratings lowered Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, March 10th. Zacks Research raised Rambus to a “hold” rating in a report on Monday, January 26th. Wells Fargo & Company upped their price objective on shares of Rambus from $115.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Susquehanna cut their target price on shares of Rambus from $100.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Finally, Jefferies Financial Group lifted their target price on shares of Rambus from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Rambus currently has a consensus rating of “Moderate Buy” and an average price target of $130.43.

Institutional Trading of Rambus

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acumen Wealth Advisors LLC purchased a new position in Rambus during the 4th quarter valued at about $25,000. Torren Management LLC purchased a new stake in shares of Rambus in the fourth quarter worth about $26,000. Spire Wealth Management lifted its holdings in shares of Rambus by 199.0% in the fourth quarter. Spire Wealth Management now owns 302 shares of the semiconductor company’s stock worth $28,000 after buying an additional 201 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in shares of Rambus in the fourth quarter valued at approximately $28,000. Finally, IFP Advisors Inc grew its stake in Rambus by 126.7% during the third quarter. IFP Advisors Inc now owns 442 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 247 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors.

Rambus Company Profile

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.