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Seraphin Luc, President and CEO of Rambus Inc . (NASDAQ:RMBS), has recently sold 10,000 shares of the company's common stock. The transaction, which took place on April 8, 2025, was completed at a price of $46.81 per share, amounting to a total value of $468,100. The sale comes as RMBS stock has declined significantly, currently trading at $42.90, down about 19% over the past week. According to InvestingPro analysis, the stock appears undervalued at current levels.
Following this sale, Luc retains ownership of 336,844 shares in Rambus. The sale was conducted under a pre-established Rule 10b5-1 trading plan, which was adopted on December 13, 2024. Despite recent price volatility, Rambus maintains strong fundamentals with impressive gross profit margins of 82% and a healthy balance sheet showing more cash than debt. InvestingPro subscribers have access to 12 additional key insights about RMBS, including detailed financial health scores and comprehensive valuation metrics in the Pro Research Report.
In other recent news, Rambus Inc. has been the focus of several analyst updates and product announcements. The company recently reported record-setting quarterly financial results, achieving all-time highs in total revenue, product revenue, profitability, and cash generation, which has led Rosenblatt Securities to raise its stock price target from $85 to $92, maintaining a Buy rating. Jefferies also raised its price target for Rambus from $55 to $69, citing the company's alignment with market expectations and the ongoing transition to DDR5 technology. Evercore ISI maintained its Outperform rating with a price target of $71, reflecting confidence in Rambus's growth potential.
In addition to these financial developments, Rambus has launched its new CryptoManager Security IP product line, which includes solutions like the industry's first Quantum Safe boot flow. These products are certified to meet multiple industry standards, addressing the needs of various sectors, including data centers and automotive industries. Loop Capital Markets reiterated a Buy rating with a $70 target, noting the growth expectations in data center servers and the challenges posed by supply limitations in memory types. Rambus's active expansion in product offerings, including new semiconductor products and licensing business, is expected to drive future growth, particularly in areas benefiting from advancements in artificial intelligence.
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