Emiko Higashi Sells 1,111 Shares of Rambus, Inc. (NASDAQ:RMBS) Stock

Key Points

• Director Emiko Higashi of Rambus, Inc. sold 1,111 shares for $83,325, resulting in a 1.72% decrease in their ownership.
• Rambus stock experienced a 3.5% decline on Wednesday, trading at $71.21 with a market cap of $7.66 billion.
• Analysts have mixed ratings on Rambus, with eight rating it as a "buy" and one as a "strong buy," while target prices range from $75.00 to $90.00.

Rambus, Inc. (NASDAQ:RMBS - Get Free Report) Director Emiko Higashi sold 1,111 shares of Rambus stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $75.00, for a total value of $83,325.00. Following the transaction, the director directly owned 63,371 shares in the company, valued at $4,752,825. The trade was a 1.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Rambus Trading Up 1.3%

Shares of NASDAQ:RMBS traded up $0.91 during mid-day trading on Friday, reaching $72.86. The company had a trading volume of 896,116 shares, compared to its average volume of 1,476,483. Rambus, Inc. has a one year low of $37.42 and a one year high of $76.20. The company's 50-day moving average price is $64.49 and its 200-day moving average price is $58.12. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 34.37 and a beta of 1.28.

Institutional Investors Weigh In On Rambus

Institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC lifted its position in shares of Rambus by 162.5% during the second quarter. True Wealth Design LLC now owns 420 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 260 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Rambus by 105.8% during the 2nd quarter. Bessemer Group Inc. now owns 463 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 238 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Rambus during the 1st quarter valued at about $25,000. Tsfg LLC bought a new stake in Rambus in the 1st quarter worth approximately $26,000. Finally, Hantz Financial Services Inc. boosted its stake in Rambus by 1,386.0% in the second quarter. Hantz Financial Services Inc. now owns 639 shares of the semiconductor company's stock worth $41,000 after buying an additional 596 shares in the last quarter. 88.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. 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. Wall Street Zen lowered Rambus from a "buy" rating to a "hold" rating in a report on Sunday. Jefferies Financial Group upped their price objective 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. Finally, Susquehanna lifted their target price on shares of Rambus from $70.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $77.71.

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.