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Rambus Inc . (NASDAQ:RMBS) President and CEO, Seraphin Luc, recently sold 10,000 shares of the company’s common stock, amounting to a total of $508,815. This transaction was conducted on April 1, 2025, as part of a pre-established Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell stocks. The sale represents a small portion of Rambus’s $5 billion market capitalization. According to InvestingPro data, the company maintains impressive gross profit margins of 82% and shows strong financial health metrics.
The shares were sold at a weighted average price of $50.8815, with individual transaction prices ranging from $50.175 to $51.41. Following this sale, Luc’s direct ownership of Rambus stock stands at 346,844 shares. The stock currently trades at $46.95, suggesting potential upside according to InvestingPro’s Fair Value analysis and analyst targets ranging from $69 to $92.
Additionally, Luc acquired 55,077 shares through restricted stock units (RSUs), which will vest in four equal annual installments beginning April 1, 2026. These RSUs were added at no cost. Furthermore, 5,164 shares were withheld to cover tax liabilities related to the vesting of RSUs, valued at approximately $270,025 based on a price of $52.29 per share.
These transactions provide insight into the executive’s stock management strategy and reflect a structured approach to handling tax obligations and stock holdings. Investors often monitor such insider activities to gauge executive confidence in the company’s future.
In other recent news, Rambus Inc. reported exceptional quarterly results, achieving record highs in total revenue, product revenue, profitability, and cash generation. This financial performance has led Rosenblatt Securities to raise its price target for Rambus shares from $85 to $92 while maintaining a Buy rating. Jefferies also increased its price target for Rambus from $55 to $69, citing the company’s alignment with market expectations and ongoing transition to DDR5 technology. Furthermore, Evercore ISI reiterated its Outperform rating on Rambus with a price target of $71, reflecting confidence in the company’s growth potential. Loop Capital Markets maintained a Buy rating and a $70 price target on Rambus, emphasizing the company’s role in the data center server market. In addition to financial achievements, Rambus launched its new CryptoManager Security IP product line, offering advanced security solutions for various sectors. These developments indicate a strong performance outlook for Rambus, driven by new product launches and increased demand for high-speed memory interfaces.
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