Rambus Inc. (NASDAQ:RMBS) Director Penny Herscher sold 30,000 shares of the stock in a transaction on Monday, November 28th. The shares were sold at an average price of $13.56, for a total value of $406,800.00. Following the sale, the director now owns 12,874 shares in the company, valued at approximately $174,571.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Penny Herscher also recently made the following trade(s): On Monday, October 3rd, Penny Herscher sold 6,809 shares of Rambus stock. The shares were sold at an average price of $12.43, for a total value of $84,635.87.
Shares of Rambus Inc. (NASDAQ:RMBS) traded down 1.24% on Monday, hitting $13.54. The company had a trading volume of 479,115 shares. Rambus Inc. has a 12-month low of $10.66 and a 12-month high of $14.50. The company has a 50 day moving average of $12.45 and a 200-day moving average of $12.67. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 66.70 and a beta of 1.07.
Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, October 24th. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03. Rambus had a return on equity of 10.40% and a net margin of 7.36%. The firm had revenue of $89.90 million for the quarter, compared to analysts’ expectations of $86.60 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, analysts forecast that Rambus Inc. will post $0.60 earnings per share for the current year.
Large investors have recently made changes to their positions in the company. Gerstein Fisher purchased a new stake in shares of Rambus during the second quarter valued at approximately $705,000. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Rambus by 64.2% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 42,251 shares of the company’s stock valued at $510,000 after buying an additional 16,519 shares during the last quarter. BlackRock Advisors LLC boosted its stake in shares of Rambus by 10.5% in the second quarter. BlackRock Advisors LLC now owns 861,089 shares of the company’s stock valued at $10,402,000 after buying an additional 81,659 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of Rambus during the second quarter valued at approximately $1,177,000. Finally, Bank of Montreal Can purchased a new stake in shares of Rambus during the second quarter valued at approximately $4,881,000. 78.59% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on RMBS shares. Roth Capital started coverage on Rambus in a report on Wednesday, August 31st. They set a “buy” rating and a $16.00 target price on the stock. Zacks Investment Research upgraded Rambus from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, November 23rd. Benchmark Co. reiterated a “positive” rating on shares of Rambus in a report on Tuesday, October 4th. Finally, Jefferies Group reiterated a “hold” rating and set a $13.50 target price (up previously from $12.50) on shares of Rambus in a report on Tuesday, October 25th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Rambus has an average rating of “Buy” and an average target price of $14.50.