Rambus Target of Unusually Large Options Trading (NASDAQ:RMBS)

Rambus Inc. (NASDAQ:RMBS - Get Free Report) was the target of some unusual options trading on Monday. Stock traders acquired 3,348 call options on the company. This represents an increase of approximately 70% compared to the average volume of 1,965 call options.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RMBS. Wells Fargo & Company raised their price objective on Rambus from $80.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday, January 26th. Rosenblatt Securities reaffirmed a "buy" rating and set a $85.00 price objective on shares of Rambus in a research note on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $73.20.

Insider Buying and Selling at Rambus

In other Rambus news, COO Xianzhi Sean Fan sold 2,004 shares of the firm's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $55.00, for a total transaction of $110,220.00. Following the sale, the chief operating officer now owns 121,229 shares in the company, valued at $6,667,595. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Rambus news, SVP John Shinn sold 3,928 shares of the firm's stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $64.93, for a total transaction of $255,045.04. Following the sale, the senior vice president now owns 28,448 shares in the company, valued at $1,847,128.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Xianzhi Sean Fan sold 2,004 shares of the firm's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $55.00, for a total value of $110,220.00. Following the sale, the chief operating officer now owns 121,229 shares in the company, valued at approximately $6,667,595. The disclosure for this sale can be found here. Insiders have sold 85,554 shares of company stock worth $5,264,708 over the last 90 days. Corporate insiders own 1.00% of the company's stock.

Institutional Trading of Rambus

Several large investors have recently bought and sold shares of RMBS. Hollencrest Capital Management bought a new stake in Rambus during the 1st quarter valued at approximately $28,000. West Tower Group LLC lifted its holdings in shares of Rambus by 194.4% during the fourth quarter. West Tower Group LLC now owns 418 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 276 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Rambus by 100.4% during the fourth quarter. Blue Trust Inc. now owns 447 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 224 shares during the last quarter. Altshuler Shaham Ltd purchased a new position in shares of Rambus during the fourth quarter valued at approximately $33,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Rambus by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 504 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 200 shares during the last quarter. 88.54% of the stock is owned by institutional investors.

Rambus Stock Performance

Shares of NASDAQ RMBS traded up $0.42 during trading hours on Monday, hitting $62.23. The company's stock had a trading volume of 1,234,759 shares, compared to its average volume of 1,666,190. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 20.74 and a beta of 1.16. Rambus has a 12 month low of $43.58 and a 12 month high of $76.38. The business has a 50-day simple moving average of $62.03 and a 200-day simple moving average of $62.24.

Rambus (NASDAQ:RMBS - Get Free Report) last posted its earnings results on Monday, February 5th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. The company had revenue of $136.00 million for the quarter, compared to analysts' expectations of $134.00 million. Rambus had a return on equity of 17.70% and a net margin of 72.41%. On average, equities research analysts forecast that Rambus will post 1.63 EPS for the current year.

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.