Rambus (NASDAQ:RMBS) Stock Price Down 4.6% - Should You Sell?

Rambus Inc. (NASDAQ:RMBS - Get Free Report) traded down 4.6% during trading on Tuesday . The company traded as low as $50.30 and last traded at $49.81. 116,215 shares were traded during trading, a decline of 91% from the average session volume of 1,298,815 shares. The stock had previously closed at $52.22.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RMBS shares. Susquehanna upped their target price on Rambus from $66.00 to $70.00 and gave the stock a "positive" rating in a research report on Tuesday, February 4th. Robert W. Baird set a $90.00 price objective on Rambus in a report on Monday, February 3rd. StockNews.com raised Rambus from a "hold" rating to a "buy" rating in a report on Sunday. Rosenblatt Securities reissued a "buy" rating and issued a $80.00 price target on shares of Rambus in a report on Tuesday, April 29th. Finally, Wells Fargo & Company raised their price objective on shares of Rambus from $62.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $75.00.

Rambus Price Performance

The firm's fifty day simple moving average is $51.06 and its 200 day simple moving average is $54.64. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 30.90 and a beta of 1.20.

Insider Transactions at Rambus

In other Rambus news, COO Xianzhi Sean Fan sold 52,327 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $68.02, for a total transaction of $3,559,282.54. Following the transaction, the chief operating officer now directly owns 93,841 shares of the company's stock, valued at $6,383,064.82. This represents a 35.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Luc Seraphin sold 10,000 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $53.79, for a total value of $537,900.00. Following the completion of the sale, the chief executive officer now directly owns 316,931 shares of the company's stock, valued at $17,047,718.49. This represents a 3.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,300 shares of company stock valued at $6,745,221 in the last three months. Corporate insiders own 1.00% of the company's stock.

Institutional Trading of Rambus

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Rambus by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 12,594,979 shares of the semiconductor company's stock valued at $665,771,000 after buying an additional 31,645 shares during the period. Price T Rowe Associates Inc. MD raised its position in Rambus by 442.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,449,128 shares of the semiconductor company's stock worth $288,042,000 after purchasing an additional 4,445,146 shares in the last quarter. Invesco Ltd. lifted its stake in Rambus by 72.1% during the fourth quarter. Invesco Ltd. now owns 4,999,748 shares of the semiconductor company's stock worth $264,287,000 after purchasing an additional 2,093,953 shares during the period. JPMorgan Chase & Co. boosted its holdings in Rambus by 1.7% during the fourth quarter. JPMorgan Chase & Co. now owns 4,184,370 shares of the semiconductor company's stock valued at $221,186,000 after purchasing an additional 68,975 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Rambus in the 4th quarter valued at approximately $94,368,000. Institutional investors own 88.54% of the company's stock.

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.