Rambus Inc. (NASDAQ:RMBS – Get Free Report) Director Steven Laub sold 3,653 shares of the company’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $55.56, for a total transaction of $202,960.68. Following the sale, the director now directly owns 10,904 shares in the company, valued at $605,826.24. This represents a 25.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Rambus Stock Down 0.3%
Rambus stock traded down $0.16 during mid-day trading on Tuesday, hitting $55.65. 564,161 shares of the company’s stock were exchanged, compared to its average volume of 1,291,778. Rambus Inc. has a fifty-two week low of $37.43 and a fifty-two week high of $69.15. The firm has a market capitalization of $5.98 billion, a P/E ratio of 33.52 and a beta of 1.24. The company’s 50 day simple moving average is $51.05 and its 200-day simple moving average is $55.42.
Institutional Trading of Rambus
Several hedge funds have recently bought and sold shares of the stock. Banque Cantonale Vaudoise bought a new position in Rambus during the 1st quarter worth about $25,000. Tsfg LLC bought a new stake in Rambus during the first quarter worth $26,000. UMB Bank n.a. grew its holdings in Rambus by 554.9% during the fourth quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 455 shares during the period. Orion Capital Management LLC bought a new stake in Rambus in the 4th quarter valued at $37,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Rambus by 927.5% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company’s stock worth $38,000 after buying an additional 640 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Read Our Latest Analysis on RMBS
About Rambus
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.
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