Microvast Holdings announces departure of chief financial officer
John Shinn, Senior Vice President and General Counsel at Rambus Inc (NASDAQ:RMBS), a technology company with impressive gross profit margins of 82% and a market capitalization of $6.28 billion, recently sold 7,632 shares of the company’s common stock. According to InvestingPro analysis, the company maintains a "GREAT" financial health score. The transaction, executed on March 21, 2025, was part of a pre-arranged Rule 10b5-1 trading plan adopted on December 13, 2024. The shares were sold at a weighted average price of $55.7254, totaling approximately $425,296. Following this sale, Shinn retains ownership of 13,190 shares. The sale was conducted in multiple transactions, with prices ranging from $55.19 to $56.47 per share. The stock has shown significant momentum, gaining over 53% in the past six months. InvestingPro subscribers have access to 14 additional exclusive tips about RMBS, including detailed insights about its valuation and growth prospects. Get access to the comprehensive Pro Research Report, available for 1,400+ top US stocks, providing clear, actionable intelligence for smarter investing decisions.
In other recent news, Rambus Inc. reported record-setting financial results, achieving all-time highs in total revenue, product revenue, profitability, and cash generation. This exceptional performance has led Rosenblatt Securities to raise its price target for Rambus shares to $92, maintaining a Buy rating. Jefferies also increased its price target from $55 to $69, citing the company’s alignment with market expectations and potential growth driven by new technologies like DDR5 and MRDIMM. Additionally, Evercore ISI reiterated an Outperform rating with a $71 price target, reflecting confidence in Rambus’s growth prospects.
Loop Capital Markets maintained a Buy rating and a $70 price target, highlighting the company’s market position despite supply challenges in the semiconductor sector. In product development, Rambus launched its next-generation CryptoManager Security IP solutions, which are certified to meet multiple industry standards and address security needs across various sectors. These developments come as Rambus continues to expand its product offerings, including advancements in DDR5 technology. Investors and analysts are closely watching Rambus’s ability to maintain its growth trajectory amid these positive trends.
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