Laura Stark Sells 4,010 Shares of Rambus Inc. (RMBS) Stock
Rambus Inc. (NASDAQ:RMBS) SVP Laura Stark sold 4,010 shares of Rambus stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $14.35, for a total transaction of $57,543.50. Following the transaction, the senior vice president now directly owns 169,876 shares in the company, valued at $2,437,720.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
RMBS has been the topic of a number of recent analyst reports. Roth Capital assumed coverage on shares of Rambus in a research report on Wednesday, August 31st. They set a “buy” rating and a $16.00 price target on the stock. Zacks Investment Research raised shares of Rambus from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Jefferies Group reaffirmed a “hold” rating and issued a $12.50 price objective on shares of Rambus in a research report on Wednesday, July 6th. Citigroup boosted their price objective on shares of Rambus from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, July 20th. Finally, Wunderlich assumed coverage on shares of Rambus in a research report on Friday, June 3rd. They issued a “buy” rating and a $15.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Rambus presently has an average rating of “Buy” and an average price target of $14.11.
Shares of Rambus Inc. (NASDAQ:RMBS) traded down 5.69% during midday trading on Wednesday, reaching $13.60. 2,869,117 shares of the company’s stock traded hands. Rambus Inc. has a 52-week low of $9.86 and a 52-week high of $14.50. The company has a 50 day moving average of $13.72 and a 200 day moving average of $12.79. The firm has a market cap of $1.49 billion and a PE ratio of 7.74.
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Rambus (NASDAQ:RMBS) last announced its quarterly earnings results on Monday, July 18th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The business earned $76.50 million during the quarter, compared to analyst estimates of $74.44 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 earnings per share. On average, equities analysts predict that Rambus Inc. will post $0.60 EPS for the current fiscal year.
Rambus Inc produces semiconductor and Internet protocol (IP) products, spanning memory and interfaces to security, sensors and lighting. The Company’s products are integrated into devices and systems, powering and securing diverse applications, including big data and media platforms. Its segments include Memory and Interfaces Division (MID) and Cryptography Research Division (CRD).
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