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S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Why Your IRA Could Crash on January 16th? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Why Your IRA Could Crash on January 16th? (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
The Small Biotech Scaring Big Pharma (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Why Your IRA Could Crash on January 16th? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Why Your IRA Could Crash on January 16th? (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
The Small Biotech Scaring Big Pharma (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Why Your IRA Could Crash on January 16th? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Why Your IRA Could Crash on January 16th? (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
The Small Biotech Scaring Big Pharma (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving

Xianzhi Sean Fan Sells 52,852 Shares of Rambus Inc. (NASDAQ:RMBS) Stock

Rambus Inc. (NASDAQ:RMBS - Get Rating) COO Xianzhi Sean Fan sold 52,852 shares of the firm's stock in a transaction on Friday, November 18th. The stock was sold at an average price of $37.88, for a total transaction of $2,002,033.76. Following the completion of the sale, the chief operating officer now owns 127,886 shares of the company's stock, valued at $4,844,321.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Xianzhi Sean Fan also recently made the following trade(s):

  • On Tuesday, November 15th, Xianzhi Sean Fan sold 51,772 shares of Rambus stock. The shares were sold at an average price of $38.51, for a total transaction of $1,993,739.72.

Rambus Stock Performance

RMBS stock traded down $0.14 during mid-day trading on Monday, hitting $37.47. The company had a trading volume of 13,055 shares, compared to its average volume of 897,535. The firm has a market cap of $4.03 billion, a PE ratio of -162.12 and a beta of 1.17. Rambus Inc. has a 12 month low of $20.00 and a 12 month high of $38.88. The stock's fifty day moving average price is $29.41 and its two-hundred day moving average price is $26.09.

Rambus (NASDAQ:RMBS - Get Rating) last announced its quarterly earnings data on Monday, October 31st. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.40). The company had revenue of $112.20 million during the quarter, compared to the consensus estimate of $141.00 million. Rambus had a positive return on equity of 20.24% and a negative net margin of 5.69%. The business's revenue was up 38.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 EPS. Equities analysts anticipate that Rambus Inc. will post 1.52 earnings per share for the current year.

Institutional Trading of Rambus


Hedge funds have recently added to or reduced their stakes in the stock. Neo Ivy Capital Management bought a new stake in shares of Rambus in the second quarter valued at approximately $52,000. CWM LLC raised its position in shares of Rambus by 268.3% in the second quarter. CWM LLC now owns 2,552 shares of the semiconductor company's stock valued at $55,000 after purchasing an additional 1,859 shares during the period. Quadrant Capital Group LLC raised its position in shares of Rambus by 2,010.8% in the third quarter. Quadrant Capital Group LLC now owns 2,533 shares of the semiconductor company's stock valued at $64,000 after purchasing an additional 2,413 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Rambus by 19.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,322 shares of the semiconductor company's stock valued at $114,000 after purchasing an additional 885 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Rambus in the third quarter valued at approximately $114,000. Institutional investors own 86.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Rambus in a report on Wednesday, October 12th. They set a "buy" rating for the company. Rosenblatt Securities raised their price target on shares of Rambus from $38.00 to $45.00 and gave the company a "buy" rating in a research report on Tuesday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Rambus from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, November 1st. TheStreet raised shares of Rambus from a "c" rating to a "b-" rating in a research report on Tuesday, August 2nd. Finally, Susquehanna Bancshares raised their price target on shares of Rambus from $33.00 to $36.00 and gave the company a "positive" rating in a research report on Tuesday, November 1st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Rambus currently has an average rating of "Moderate Buy" and a consensus price target of $35.80.

About Rambus

(Get Rating)

Rambus Inc provides semiconductor products in the United States, Taiwan, South Korea, Japan, Europe, Canada, Singapore, China, and internationally. The company offers DDR memory interface chips, including DDR5, DDR4 and DDR3 memory interface chips to module manufacturers and OEMs; silicon IP comprising, interface and security IP solutions that move and protect data in advanced applications; and physical interface and digital controller IP to offer industry-leading, integrated memory and interconnect subsystems.

Read More

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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