Rambus Inc. (NASDAQ:RMBS) COO Sells $3,559,282.54 in Stock

Rambus Inc. (NASDAQ:RMBS) COO Xianzhi Sean Fan sold 52,327 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total transaction of $3,559,282.54. Following the sale, the chief operating officer now owns 93,841 shares of the company’s stock, valued at approximately $6,383,064.82. This represents a 35.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Rambus Stock Down 3.4 %

RMBS stock opened at $62.73 on Friday. Rambus Inc. has a 12 month low of $37.42 and a 12 month high of $69.15. The firm has a market cap of $6.69 billion, a P/E ratio of 37.79 and a beta of 1.26. The company’s 50-day moving average price is $59.58 and its two-hundred day moving average price is $51.17.

Hedge Funds Weigh In On Rambus

Several hedge funds have recently bought and sold shares of RMBS. UMB Bank n.a. increased its holdings in Rambus by 554.9% in the 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 455 shares during the period. Orion Capital Management LLC acquired a new stake in shares of Rambus in the 4th quarter valued at approximately $37,000. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Rambus by 927.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 640 shares in the last quarter. Quarry LP boosted its stake in shares of Rambus by 40.3% in the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 264 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Rambus by 379.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company’s stock valued at $60,000 after purchasing an additional 891 shares in the last quarter. 88.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

RMBS has been the subject of a number of research reports. Wells Fargo & Company raised their target price on shares of Rambus from $62.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Evercore ISI began coverage on shares of Rambus in a research report on Tuesday, February 4th. They set an “outperform” rating and a $71.00 price target on the stock. Rosenblatt Securities raised their price target on shares of Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Loop Capital began coverage on shares of Rambus in a research report on Monday, November 11th. They set a “buy” rating and a $70.00 price target on the stock. Finally, Baird R W raised shares of Rambus to a “strong-buy” rating in a research report on Monday, November 25th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Rambus currently has an average rating of “Buy” and an average target price of $77.29.

Rambus Company Profile

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.