November 23, 2016 - By Hazel Jackson
Jae Kim currently the SVP & GC of Rambus Inc not a long ago sold 9,851 shares of the firm. The insider deal has $131,516 U.S. Dollars total value, at an average stock price value of $13.4. Jae Kim now has in hand 90,561 shares of Rambus Inc.
Out of 7 analysts covering Rambus Inc (NASDAQ:RMBS), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. $16 is the highest target while $11.50 is the lowest. The $14 average target is 3.32% above today’s ($13.55) stock price. Rambus Inc has been the topic of 12 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Rambus Inc. (NASDAQ:RMBS) earned “Sell” rating by Zacks on Saturday, August 22. JP Morgan maintained the shares of RMBS in a report on Tuesday, October 20 with “Neutral” rating. On Thursday, September 17 the stock rating was upgraded by Sidoti to “Buy”. The rating was downgraded by Zacks on Thursday, August 27 to “Hold”. On Wednesday, October 21 the stock rating was maintained by Citigroup with “Buy”. On Tuesday, October 20 the stock rating was maintained by Topeka Capital Markets with “Buy”. The company was downgraded on Monday, March 7 by Sidoti. The rating was initiated by Wunderlich with “Buy” on Friday, June 3. The firm has “Buy” rating by Roth Capital given on Thursday, September 1.
Insitutional Activity: The institutional sentiment increased to 1.62 in Q2 2016. Its up 0.87, from 0.75 in 2016Q1. The ratio improved, as 16 funds sold all Rambus Inc. shares owned while 57 reduced positions. 17 funds bought stakes while 38 increased positions. They now own 81.16 million shares or 4.21% less from 84.73 million shares in 2016Q1.
Springbok Capital Ltd accumulated 600 shares or 0% of the stock. Commercial Bank Of New York Mellon Corporation last reported 0.01% of its portfolio in the stock. Skylands Limited Company accumulated 39,350 shares or 0.08% of the stock. Moreover, Benjamin F Edwards And Com Inc has 0% invested in Rambus Inc. (NASDAQ:RMBS) for 369 shares. Legal & General Gp Public Limited Com has 0% invested in the company for 26,894 shares. Penn Cap Mngmt Inc last reported 0.2% of its portfolio in the stock. Moreover, Schwab Charles Invest Mgmt Incorporated has 0.01% invested in Rambus Inc. (NASDAQ:RMBS) for 382,760 shares. Kcg Holdings has invested 0.01% of its portfolio in Rambus Inc. (NASDAQ:RMBS). Blackrock reported 75,679 shares or 0% of all its holdings. Moreover, Profund Advsr Limited Liability Company has 0.01% invested in Rambus Inc. (NASDAQ:RMBS) for 14,498 shares. Moreover, Bnp Paribas Invest Prns has 0.02% invested in Rambus Inc. (NASDAQ:RMBS) for 163,269 shares. Voya Mgmt Lc last reported 0% of its portfolio in the stock. The Pennsylvania-based Mycio Wealth Prtn Lc has invested 0% in Rambus Inc. (NASDAQ:RMBS). Blackrock Advisors Ltd Limited Liability Company, a Delaware-based fund reported 861,089 shares. Moreover, Rhumbline Advisers has 0.01% invested in Rambus Inc. (NASDAQ:RMBS) for 159,200 shares.
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 14 sales for $1.32 million net activity. STARK LAURA also sold $91,719 worth of Rambus Inc. (NASDAQ:RMBS) on Monday, August 8. 4,000 shares with value of $55,960 were sold by RISHI SATISH on Tuesday, July 26. $84,611 worth of Rambus Inc. (NASDAQ:RMBS) shares were sold by HERSCHER PENNY. $24,401 worth of shares were sold by Kim Jae on Thursday, September 1. The insider SHRIGLEY DAVID A sold $68,950. The insider BLACK RONALD D sold 29,528 shares worth $399,033. Shares for $172,882 were sold by STANG ERIC B on Wednesday, October 26.
The stock increased 1.73% or $0.23 during the last trading session, hitting $13.55. About 381,661 shares traded hands. Rambus Inc. (NASDAQ:RMBS) has risen 13.11% since April 21, 2016 and is uptrending. It has outperformed by 7.78% the S&P500.
Rambus Inc. produces semiconductor and intellectual property products, spanning memory and interfaces to security, sensors and lighting. The company has a market cap of $1.48 billion. The Company’s products are integrated into devices and systems, powering and securing diverse applications, including big data and media platforms. It has a 65.77 P/E ratio. The Company’s divisions include Memory and Interfaces Division (MID) and Cryptography Research Division (CRD).
According to Zacks Investment Research, “Rambus, Inc. designs, develops, licenses and markets high-speed chip-to-chip interface technology to enhance the performance and cost-effectiveness of computers, consumer electronics and other electronic systems. The company licenses semiconductor companies to manufacture and sell memory and logic integrated circuits incorporating Rambus interface technology and markets its solution to systems companies to encourage them to design Rambus interface technology into their products.”
Rambus Inc., incorporated on February 3, 1997, produces semiconductor and intellectual property (IP) products, spanning memory and interfaces to security, sensors and lighting. The Company’s products are integrated into devices and systems, powering and securing diverse applications, including big data, Internet of things (IoT), mobile, consumer and media platforms. The Company’s divisions include Memory and Interfaces Division (MID) and Cryptography Research Division (CRD). The Firm has over four operational units, including MID, CRD, emerging solutions division (ESD), and lighting and display technologies (LDT). MID focuses on the design, development and licensing of technology that is related to memory and interfaces. CRD focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments. ESD includes its computational sensing and imaging group along with its development efforts in the area of emerging technologies. LDT focuses on the design, development and licensing of technologies for lighting. The Company’s inventions and technology solutions are offered to its clients through patent licenses, technology licenses, software licenses and the shipment of products.
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