Rambus Inc (NASDAQ: RMBS) is 17.14% higher on its value in year-to-date trading and has touched a low of $37.42 and a high of $76.38 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RMBS stock was last observed hovering at around $59.67 in the last trading session, with the day’s gains setting it 2.25%.
Currently trading at $61.92, the stock is 11.21% and 10.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.7 million and changing 3.77% at the moment leaves the stock 18.25% off its SMA200. RMBS registered -8.35% loss for a year compared to 6-month loss of 3.67%. The firm has a 50-day simple moving average (SMA 50) of $56.0642 and a 200-day simple moving average (SMA200) of $52.36265.
The stock witnessed a 4.70% gain in the last 1 month and extending the period to 3 months gives it a 43.15%, and is 10.12% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.83% over the week and 3.50% over the month.
Rambus Inc (RMBS) has around 623 employees, a market worth around $6.60B and $517.75M in sales. Current P/E ratio is 38.45 and Fwd P/E is 25.27. Profit margin for the company is 34.03%. Distance from 52-week low is 65.45% and -18.93% from its 52-week high. The company has generated returns on investments over the last 12 months (16.56%).
The EPS is expected to grow by 11.68% this year.
Rambus Inc (RMBS) Top Institutional Holders
522.0 institutions hold shares in Rambus Inc (RMBS), with institutional investors hold 90.14% of the company’s shares. The shares outstanding are 106.58M, and float is at 105.87M with Short Float at 2.65%. Institutions hold 89.53% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 15.79 million shares valued at $927.6 million. The investor’s holdings represent 14.6047% of the RMBS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 11.79 million shares valued at $692.73 million to account for 10.9068 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 6.59 million shares representing 6.1218% and valued at over $387.49 million, while WELLINGTON MANAGEMENT GROUP LLP holds 5.7388 of the shares totaling 6.2 million with a market value of $364.49 million.
Rambus Inc (RMBS) Insider Activity
The most recent transaction is an insider sale by Rao Meera, the company’s Director. SEC filings show that Rao Meera sold 5,408 shares of the company’s common stock on Dec 12 ’24 at a price of $58.22 per share for a total of $0.31 million. Following the sale, the insider now owns 29090.0 shares.
Rambus Inc disclosed in a document filed with the SEC on Dec 12 ’24 that Shinn John (SVP, General Counsel) sold a total of 2,462 shares of the company’s common stock. The trade occurred on Dec 12 ’24 and was made at $58.13 per share for $0.14 million. Following the transaction, the insider now directly holds 20628.0 shares of the RMBS stock.
Still, SEC filings show that on Dec 12 ’24, Rao Meera (Director) Proposed Sale 5,408 shares at an average price of $58.22 for $0.31 million. The insider now directly holds shares of Rambus Inc (RMBS).
