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Rambus Inc. Vice Chairman Charles Kissner sold 5,896 shares of the company in a transaction on Tuesday, October 2. The stock was sold at an average price of $ 10.59, for a total transaction of $ 62,438.64. As a result of the sale, the insider now holds 33,347 shares of the Company valued at $ 353,144.73. The transaction was disclosed in a document filed with the SEC, available through this link.
Rambus shares fell $ 0.08 during Friday's trading, reaching $ 8.57. The stock traded 584,089 shares, compared to an average of 657,630 shares. The company has a market capitalization of $ 928.53 million, a P / E ratio of 19.04, a price / earnings growth ratio of 1.18 and a beta of 0.14. The company has a debt ratio of 0.16, a current ratio of 3.53 and a fast ratio of 3.49. Rambus Inc. has a minimum of one year of $ 8.39 and a maximum of one year of $ 15.50.
A number of badysts have recently commented on RMBS shares. Zacks Investment Research downgraded Rambus shares from a "buy" rating to a "held" note in a report released Wednesday, July 11. In a report released Tuesday, July 17, the BidaskClub downgraded Rambus shares from a "sell" rating to a "strong sell" rating. ValuEngine downgraded Rambus shares from a "hold" rating to a "sell" rating in a report on Tuesday, July 31. Finally, Roth Capital lowered its target price on Rambus shares from $ 18.00 to $ 13.00 and set the "buy" stock price in a report released Tuesday. Two investment badysts badigned a security rating, one badigned a retention rating and four rated the purchase. The stock has a consensus rating of "Retain" and an average price target of $ 15.60.
Several institutional investors have recently increased or decreased their holdings in the RMBS. Schwab Charles Investment Management Inc. increased its position in Rambus shares by 13.0% in the first quarter. Schwab Charles Investment Management Inc. now holds 693,498 shares valued at $ 9,314,000 in the semiconductor company after acquiring 79,963 additional shares in the last quarter. Thrivent Financial for Lutherans increased its position in Rambus shares by 9.3% in the first quarter. Thrivent Financial, a Lutheran company, now holds 73,932 shares valued at $ 993,000, after acquiring 6,278 additional shares in the last quarter. US Bancorp DE increased its position in Rambus shares by 4,945.2% in the first quarter. US Bancorp DE now owns 10,494 shares of the semiconductor company worth US $ 141,000 after acquiring 10,286 additional shares in the last quarter. Northern Trust Corp increased its position in Rambus shares by 0.8% in the first quarter. Northern Trust Corp. now holds 1,355,240 shares valued at $ 18,200,000 in the semiconductor company after acquiring 10,829 additional shares in the last quarter. Finally, BlackRock Inc. increased its position in Rambus shares by 2.7% in the first quarter. BlackRock Inc. now holds 14,052,181 shares of the semiconductor company valued at $ 188,722,000 after acquiring an additional 373,408 shares in the last quarter. The shares are currently 80.50% owned by institutional investors and hedge funds.
Rambus Company Profile
Rambus Inc. provides semiconductor products in South Korea and internationally. The company operates in the Memory and Interfaces, Security and Other segments. It focuses on design, development and manufacturing through technology partnerships and licenses, and memory and interface solutions; and the design, development, deployment and licensing of technologies for the security of cards, systems and applications in the field, the fight against counterfeiting, smart ticketing and mobile payments.
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