Rambus Inc. (NASDAQ:RMBS) COO Xianzhi Sean Fan Sells 52,327 Shares of Stock

Rambus Inc. (NASDAQ:RMBS) COO Xianzhi Sean Fan sold 52,327 shares of Rambus stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total value of $3,559,282.54. Following the completion of the transaction, the chief operating officer now owns 93,841 shares of the company’s stock, valued at approximately $6,383,064.82. The trade was a 35.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Rambus Price Performance

Shares of Rambus stock opened at $66.33 on Thursday. The business’s fifty day moving average price is $59.44 and its two-hundred day moving average price is $51.07. The company has a market capitalization of $7.07 billion, a P/E ratio of 39.96 and a beta of 1.26. Rambus Inc. has a 1-year low of $37.42 and a 1-year high of $69.15.

Institutional Trading of Rambus

Hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. raised its stake in Rambus by 554.9% during the 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 455 shares in the last quarter. Orion Capital Management LLC bought a new stake in Rambus during the 4th quarter valued at $37,000. Skandinaviska Enskilda Banken AB publ raised its stake in Rambus by 927.5% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 640 shares in the last quarter. Quarry LP increased its position in shares of Rambus by 40.3% during the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 264 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of Rambus by 379.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company’s stock valued at $60,000 after purchasing an additional 891 shares during the period. Institutional investors own 88.54% of the company’s stock.

Wall Street Analysts Forecast Growth

RMBS has been the subject of several research reports. Loop Capital initiated coverage on Rambus in a research report on Monday, November 11th. They issued a “buy” rating and a $70.00 target price for the company. Robert W. Baird began coverage on Rambus in a report on Monday, November 25th. They issued an “outperform” rating and a $90.00 price target on the stock. Rosenblatt Securities raised their price target on Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. StockNews.com raised Rambus from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Finally, Evercore ISI began coverage on Rambus in a report on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 price target on the stock. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $77.29.

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.