Eric Stang Sells 5,000 Shares of Rambus (NASDAQ:RMBS) Stock

Rambus, Inc. (NASDAQ:RMBS) Director Eric Stang sold 5,000 shares of Rambus stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $146.00, for a total value of $730,000.00. Following the completion of the transaction, the director owned 19,218 shares in the company, valued at $2,805,828. This trade represents a 20.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Rambus Trading Up 2.3%

Shares of RMBS stock opened at $170.66 on Thursday. The business’s 50 day moving average is $122.66 and its two-hundred day moving average is $107.20. Rambus, Inc. has a twelve month low of $56.08 and a twelve month high of $174.10. The company has a market capitalization of $18.46 billion, a P/E ratio of 81.27 and a beta of 1.84.

Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, April 27th. The semiconductor company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. Rambus had a return on equity of 17.41% and a net margin of 31.90%.The company had revenue of $180.19 million for the quarter, compared to the consensus estimate of $179.94 million. As a group, equities analysts predict that Rambus, Inc. will post 2.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on RMBS. Evercore reiterated an “outperform” rating and set a $172.00 target price on shares of Rambus in a research report on Tuesday, April 28th. Wells Fargo & Company boosted their target price on Rambus from $115.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Robert W. Baird cut Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 target price on the stock. in a research report on Tuesday, April 28th. Jefferies Financial Group boosted their target price on Rambus from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings cut Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Rambus currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.43.

Rambus News Summary

Here are the key news stories impacting Rambus this week:

• Positive Sentiment: Investor enthusiasm remains supported by Rambus’ AI and data-center memory roadmap, including new product and IP announcements tied to next-generation AI infrastructure. Rambus shares jump as investors focus on AI-memory roadmap ahead of conference updates
• Positive Sentiment: The company recently beat quarterly EPS and revenue expectations, reinforcing the growth story behind the stock’s strong move higher. Rambus earnings and stock information
• Neutral Sentiment: A top-analyst rating update was published, but the details provided do not indicate a clear change in outlook. Rambus receives a rating update from a top analyst
• Negative Sentiment: Director Emiko Higashi sold 10,000 shares, adding to concerns that insiders are taking profits after the stock’s sharp run-up. SEC filing for Emiko Higashi sale
• Negative Sentiment: Director Necip Sayiner sold 5,000 shares, and additional reports showed other recent insider sales, reinforcing a pattern of insider selling at Rambus. SEC filing for Necip Sayiner sale
• Negative Sentiment: Another report highlighted that several Rambus insiders have been quietly cashing in with major stock sales, which may pressure shares despite the positive business narrative. Top Rambus Insiders Quietly Cash In With Major Stock Sales

Institutional Investors Weigh In On Rambus

Several institutional investors have recently modified their holdings of RMBS. Invesco Ltd. boosted its stake in shares of Rambus by 70.6% during the 4th quarter. Invesco Ltd. now owns 4,148,653 shares of the semiconductor company’s stock worth $381,220,000 after acquiring an additional 1,716,621 shares in the last quarter. Norges Bank purchased a new stake in shares of Rambus during the 4th quarter worth approximately $156,356,000. Alliancebernstein L.P. boosted its stake in shares of Rambus by 572.7% during the 3rd quarter. Alliancebernstein L.P. now owns 1,822,030 shares of the semiconductor company’s stock worth $189,856,000 after acquiring an additional 1,551,159 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Rambus by 196.0% during the 3rd quarter. Bank of America Corp DE now owns 1,550,665 shares of the semiconductor company’s stock worth $161,579,000 after acquiring an additional 1,026,776 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Rambus by 1,009.5% during the 1st quarter. Bessemer Group Inc. now owns 1,039,905 shares of the semiconductor company’s stock worth $89,463,000 after acquiring an additional 946,177 shares in the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.

About Rambus

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.