BidaskClub upgraded shares of Rambus (NASDAQ:RMBS) from a strong sell rating to a sell rating in a report issued on Friday morning.
A number of other equities research analysts also recently weighed in on RMBS. Benchmark restated a buy rating and set a $18.00 price target (up previously from $16.00) on shares of Rambus in a research report on Thursday, January 25th. ValuEngine upgraded Rambus from a hold rating to a buy rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research downgraded Rambus from a buy rating to a hold rating in a research report on Tuesday, December 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Rambus has an average rating of Hold and a consensus price target of $16.32.
Shares of Rambus (NASDAQ:RMBS) opened at $13.92 on Friday. Rambus has a 12-month low of $11.30 and a 12-month high of $15.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.76 and a current ratio of 2.80. The firm has a market capitalization of $1,529.08, a PE ratio of -81.88, a price-to-earnings-growth ratio of 2.13 and a beta of 0.50.
In other news, SVP Laura Stark sold 2,940 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $14.10, for a total transaction of $41,454.00. Following the transaction, the senior vice president now directly owns 199,673 shares of the company’s stock, valued at $2,815,389.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric B. Stang sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $14.73, for a total value of $73,650.00. Following the transaction, the director now directly owns 11,792 shares in the company, valued at $173,696.16. The disclosure for this sale can be found here. Insiders have sold 29,925 shares of company stock worth $410,092 over the last ninety days. Insiders own 2.00% of the company’s stock.
Large investors have recently made changes to their positions in the company. Zions Bancorporation bought a new position in shares of Rambus during the third quarter valued at about $122,000. Ameritas Investment Partners Inc. grew its stake in shares of Rambus by 9.2% during the second quarter. Ameritas Investment Partners Inc. now owns 9,734 shares of the semiconductor company’s stock valued at $111,000 after buying an additional 822 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Rambus during the third quarter valued at about $145,000. LMR Partners LLP bought a new position in shares of Rambus during the third quarter valued at about $192,000. Finally, Harvest Management LLC bought a new position in shares of Rambus during the fourth quarter valued at about $213,000. 81.86% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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