Rambus Inc. (RMBS) Director David A. Shrigley Sells 5,000 Shares

Rambus Inc. (NASDAQ:RMBS) Director David A. Shrigley sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $14.18, for a total transaction of $70,900.00. Following the completion of the transaction, the director now directly owns 48,045 shares in the company, valued at approximately $681,278.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Rambus Inc. (RMBS) traded down $1.18 during mid-day trading on Tuesday, reaching $13.02. 2,566,992 shares of the company traded hands, compared to its average volume of 852,400. The stock has a market cap of $1,450.00, a P/E ratio of -76.59, a PEG ratio of 2.53 and a beta of 0.74. Rambus Inc. has a 52 week low of $11.30 and a 52 week high of $15.50. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.06.

Rambus (NASDAQ:RMBS) last posted its earnings results on Monday, January 29th. The semiconductor company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $101.89 million for the quarter, compared to the consensus estimate of $101.25 million. Rambus had a net margin of 2.54% and a return on equity of 9.79%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS. analysts predict that Rambus Inc. will post 0.52 earnings per share for the current fiscal year.

Several research firms recently commented on RMBS. Benchmark reaffirmed a “buy” rating and issued a $18.00 price target (up previously from $16.00) on shares of Rambus in a research note on Thursday, January 25th. BidaskClub downgraded shares of Rambus from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 24th. TheStreet raised shares of Rambus from a “c+” rating to a “b-” rating in a research note on Friday, October 13th. Loop Capital reaffirmed a “buy” rating and issued a $19.00 price target (up previously from $16.00) on shares of Rambus in a research note on Tuesday, October 24th. Finally, Zacks Investment Research raised shares of Rambus from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Rambus presently has a consensus rating of “Hold” and a consensus target price of $16.32.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Zions Bancorporation purchased a new position in Rambus during the 3rd quarter valued at about $122,000. Ameritas Investment Partners Inc. increased its position in Rambus by 9.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,734 shares of the semiconductor company’s stock valued at $111,000 after purchasing an additional 822 shares during the period. Magnetar Financial LLC purchased a new position in Rambus during the 3rd quarter valued at about $145,000. Shelton Capital Management purchased a new position in Rambus during the 2nd quarter valued at about $126,000. Finally, Nine Chapters Capital Management LLC purchased a new position in Rambus during the 3rd quarter valued at about $158,000. 78.35% of the stock is currently owned by institutional investors and hedge funds.

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Rambus Company Profile

Rambus Inc (Rambus) produces hardware and software technologies. The Company’s segments include Memory and Interface Division (MID), which focuses the design, development, manufacturing through partnerships and licensing of technology and solutions that is related to memory and interfaces; Rambus Security Division (RSD), which focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments; Emerging Solutions Division (ESD), which encompasses its long-term research and development efforts in the area of emerging technologies, and Rambus Lighting Division (RLD), which focuses on the design, development and licensing of technologies for lighting.

Insider Buying and Selling by Quarter for Rambus (NASDAQ:RMBS)

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