Emiko Higashi Sells 1,075 Shares of Rambus (NASDAQ:RMBS) Stock

Key Points

• Emiko Higashi, Director of Rambus Inc., sold 1,075 shares at an average price of $77.75, totaling $83,581.25, decreasing their ownership by 1.70% to 62,296 shares valued at approximately $4.84 million.
• Rambus Inc.'s stock is currently rated as a "Buy" by analysts, with a consensus price target of $77.71, despite one downgrade from "Buy" to "Hold."
• Several institutional investors have increased their holdings in Rambus, with 88.54% of the stock now owned by institutional investors and hedge funds.

Rambus, Inc. (NASDAQ:RMBS - Get Free Report) Director Emiko Higashi sold 1,075 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $77.75, for a total value of $83,581.25. Following the completion of the transaction, the director directly owned 62,296 shares in the company, valued at $4,843,514. The trade was a 1.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Emiko Higashi also recently made the following trade(s):

• On Monday, August 4th, Emiko Higashi sold 1,111 shares of Rambus stock. The shares were sold at an average price of $75.00, for a total value of $83,325.00.

Rambus Price Performance

NASDAQ RMBS traded down $0.10 on Wednesday, reaching $69.68. The stock had a trading volume of 1,548,604 shares, compared to its average volume of 1,409,544. The company has a market cap of $7.50 billion, a P/E ratio of 32.87 and a beta of 1.28. The firm has a fifty day moving average of $67.07 and a two-hundred day moving average of $58.90. Rambus, Inc. has a 1-year low of $37.42 and a 1-year high of $78.16.

Institutional Trading of Rambus

Several large investors have recently made changes to their positions in RMBS. Tealwood Asset Management Inc. raised its position in Rambus by 0.7% in the second quarter. Tealwood Asset Management Inc. now owns 20,460 shares of the semiconductor company's stock worth $1,310,000 after acquiring an additional 150 shares during the period. Signaturefd LLC boosted its holdings in Rambus by 14.8% in the 2nd quarter. Signaturefd LLC now owns 1,288 shares of the semiconductor company's stock worth $82,000 after buying an additional 166 shares during the period. Mariner LLC raised its holdings in Rambus by 1.4% during the 4th quarter. Mariner LLC now owns 12,473 shares of the semiconductor company's stock valued at $659,000 after acquiring an additional 167 shares during the period. Nations Financial Group Inc. IA ADV lifted its position in shares of Rambus by 2.0% during the first 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 in the last quarter. Finally, Dakota Wealth Management grew its position in shares of Rambus by 3.4% in the second quarter. Dakota Wealth Management now owns 5,681 shares of the semiconductor company's stock valued at $364,000 after purchasing an additional 189 shares in the last quarter. Institutional investors and hedge funds own 88.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Susquehanna upped their price target on shares of Rambus from $70.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, July 29th. Jefferies Financial Group increased their target price on shares of Rambus from $69.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Wall Street Zen cut shares of Rambus from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Finally, Rosenblatt Securities boosted their price target on Rambus from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, Rambus presently has an average rating of "Buy" and an average price target of $77.71.

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.