Rambus, Inc. (NASDAQ:RMBS – Get Free Report) Director Emiko Higashi sold 10,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $160.50, for a total transaction of $1,605,000.00. Following the completion of the transaction, the director directly owned 49,519 shares in the company, valued at $7,947,799.50. This trade represents a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Emiko Higashi also recently made the following trade(s):
- On Tuesday, May 26th, Emiko Higashi sold 5,000 shares of Rambus stock. The shares were sold at an average price of $157.57, for a total value of $787,850.00.
Rambus Trading Up 2.3%
RMBS stock opened at $170.66 on Thursday. The company has a market capitalization of $18.46 billion, a P/E ratio of 81.27 and a beta of 1.84. The business has a 50 day simple moving average of $122.66 and a 200-day simple moving average of $107.20. Rambus, Inc. has a twelve month low of $56.08 and a twelve month high of $174.10.
Hedge Funds Weigh In On Rambus
A number of institutional investors have recently added to or reduced their stakes in RMBS. Acumen Wealth Advisors LLC bought a new stake in shares of Rambus in the 4th quarter valued at approximately $25,000. Torren Management LLC acquired a new stake in Rambus in the fourth quarter worth $26,000. Spire Wealth Management lifted its stake in Rambus by 199.0% in the fourth quarter. Spire Wealth Management now owns 302 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 201 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in Rambus in the fourth quarter valued at $28,000. Finally, Western Wealth Management LLC acquired a new position in shares of Rambus during the first quarter valued at $44,000. Institutional investors and hedge funds own 88.54% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently commented on RMBS shares. Jefferies Financial Group raised their price target on Rambus from $120.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Evercore restated an “outperform” rating and set a $172.00 price objective on shares of Rambus in a research report on Tuesday, April 28th. Rosenblatt Securities raised their price target on shares of Rambus from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings lowered Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, March 10th. Finally, Robert W. Baird downgraded shares of Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price target on the stock. in a research note on Tuesday, April 28th. One equities 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $130.43.
Get Our Latest Stock Report on RMBS
More Rambus News
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
Rambus Company Profile
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.
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