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SAN JOSE, CA— Rambus Inc . (NASDAQ:RMBS) President and CEO Seraphin Luc has recently sold 10,000 shares of the company’s common stock, totaling approximately $537,888. The shares were sold on March 18, 2025, at a weighted average price of $53.7888 per share. The stock has since risen to $56.94, reflecting the company’s strong market position and "GREAT" financial health rating according to InvestingPro analysis. This transaction was conducted under a pre-arranged 10b5-1 trading plan, which Luc adopted on December 13, 2024.
Following the sale, Luc retains ownership of 316,931 shares in the semiconductor company. The shares were sold in multiple transactions within a price range of $53.395 to $54.16. The CEO’s stock sale is part of a broader strategy to manage his investment portfolio.
In other recent news, Rambus Inc. reported record-setting financial results, achieving all-time highs in total revenue, product revenue, profitability, and cash generation, according to Rosenblatt Securities. The company successfully launched eight new semiconductor products in 2024, which are expected to contribute to another record year in 2025. Rosenblatt raised its price target for Rambus to $92, reflecting confidence in the company’s future prospects. Jefferies also raised its price target for Rambus from $55 to $69, maintaining a Buy rating, and noted the ongoing transition to DDR5 technology as a positive development for the company. Evercore ISI reiterated its Outperform rating on Rambus, setting a price target of $71, indicating optimism about the company’s growth potential. Additionally, Rambus announced the launch of its new CryptoManager Security IP product line, designed to offer a range of security solutions tailored to customer needs. This product line includes the CryptoManager Root of Trust, Hub, and Core families, each offering different levels of functional integration and security. The company’s security solutions are certified to meet multiple industry standards, addressing the needs of data centers, automotive, government, and military applications.
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