Rambus (NASDAQ:RMBS) Director Eric Stang Sells 5,000 Shares

Rambus, Inc. (NASDAQ:RMBS) Director Eric Stang sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $102.35, for a total transaction of $511,750.00. Following the completion of the transaction, the director owned 24,394 shares in the company, valued at approximately $2,496,725.90. This represents a 17.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Rambus Stock Down 2.6%

Rambus stock opened at $102.21 on Thursday. Rambus, Inc. has a 12 month low of $40.12 and a 12 month high of $114.55. The stock has a market cap of $11.00 billion, a P/E ratio of 48.44 and a beta of 1.47. The company’s fifty day simple moving average is $98.59 and its 200-day simple moving average is $75.66.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Tealwood Asset Management Inc. grew its holdings in Rambus by 0.7% during the second quarter. Tealwood Asset Management Inc. now owns 20,460 shares of the semiconductor company’s stock valued at $1,310,000 after purchasing an additional 150 shares during the last quarter. Signaturefd LLC grew its stake in Rambus by 14.8% in the 2nd quarter. Signaturefd LLC now owns 1,288 shares of the semiconductor company’s stock valued at $82,000 after buying an additional 166 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Rambus by 19.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,045 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 167 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in Rambus by 2.0% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 9,104 shares of the semiconductor company’s stock worth $471,000 after acquiring an additional 179 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Rambus by 2.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 9,363 shares of the semiconductor company’s stock worth $907,000 after acquiring an additional 187 shares during the last quarter. 88.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RMBS. Robert W. Baird boosted their target price on Rambus from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Weiss Ratings lowered Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, November 7th. Susquehanna set a $100.00 price target on Rambus and gave the company a “neutral” rating in a research note on Monday, October 6th. Wells Fargo & Company raised their price objective on shares of Rambus from $73.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Finally, Wall Street Zen downgraded shares of Rambus from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Three analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Rambus presently has a consensus rating of “Buy” and an average price target of $108.14.

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.