Jae Kim Sells 7,000 Shares of Rambus, Inc. (RMBS) Stock

Rambus, Inc. (NASDAQ:RMBS) SVP Jae Kim sold 7,000 shares of Rambus stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $14.90, for a total transaction of $104,300.00. Following the transaction, the senior vice president now directly owns 99,580 shares of the company’s stock, valued at $1,483,742. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Rambus, Inc. (RMBS) traded down $0.20 during mid-day trading on Thursday, hitting $14.55. 774,900 shares of the stock were exchanged, compared to its average volume of 789,987. Rambus, Inc. has a 52-week low of $11.30 and a 52-week high of $15.50. The company has a market capitalization of $1,619.23, a price-to-earnings ratio of 29.50, a PEG ratio of 2.81 and a beta of 0.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.37 and a quick ratio of 1.34.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings results on Monday, October 23rd. The semiconductor company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Rambus had a net margin of 2.54% and a return on equity of 9.79%. The firm had revenue of $99.10 million during the quarter, compared to analyst estimates of $99.00 million. During the same period in the previous year, the business posted $0.16 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. sell-side analysts forecast that Rambus, Inc. will post 0.52 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Zions Bancorporation bought a new stake in shares of Rambus in the third quarter worth approximately $122,000. Ameritas Investment Partners Inc. grew its stake in shares of Rambus by 9.2% in the second quarter. Ameritas Investment Partners Inc. now owns 9,734 shares of the semiconductor company’s stock worth $111,000 after acquiring an additional 822 shares during the period. Magnetar Financial LLC bought a new stake in shares of Rambus in the third quarter worth approximately $145,000. Shelton Capital Management bought a new stake in shares of Rambus in the second quarter worth approximately $126,000. Finally, Nine Chapters Capital Management LLC bought a new stake in shares of Rambus in the third quarter worth approximately $158,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

RMBS has been the subject of several recent analyst reports. J P Morgan Chase & Co cut shares of Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 target price for the company. in a report on Friday, September 22nd. Citigroup lifted their target price on shares of Rambus from $15.30 to $15.90 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Zacks Investment Research raised shares of Rambus from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Friday, October 27th. Loop Capital reaffirmed a “buy” rating and issued a $19.00 target price (up from $16.00) on shares of Rambus in a report on Tuesday, October 24th. Finally, BidaskClub cut shares of Rambus from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $15.98.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Ticker Report and is the property of of Ticker Report. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3080141/jae-kim-sells-7000-shares-of-rambus-inc-rmbs-stock.html.

About Rambus

Rambus Inc (Rambus) produces hardware and software technologies. The Company’s segments include Memory and Interface Division (MID), which focuses the design, development, manufacturing through partnerships and licensing of technology and solutions that is related to memory and interfaces; Rambus Security Division (RSD), which focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments; Emerging Solutions Division (ESD), which encompasses its long-term research and development efforts in the area of emerging technologies, and Rambus Lighting Division (RLD), which focuses on the design, development and licensing of technologies for lighting.

Insider Buying and Selling by Quarter for Rambus (NASDAQ:RMBS)

Receive News & Ratings for Rambus Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rambus Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.