Rambus Inc (RMBS): Ronald D Black , President & CEO of Rambus Inc sold 29,528 shares on Jul 21, 2016. The Insider selling transaction was reported by the company on Jul 22, 2016 to the Securities and Exchange Commission. The shares were sold at $13.51 per share for a total value of $399,032.53 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 6, 2016, Laura Stark (SVP, GM ESD) sold 4,010 shares at $11.55 per share price.On Apr 29, 2016, David A Shrigley (director) sold 5,000 shares at $12.20 per share price.Also, On Apr 4, 2016, Satish Rishi (SVP Finance, CFO) sold 2,000 shares at $13.60 per share price.On Feb 16, 2016, Jae Kim (SVP & GC) sold 13,065 shares at $12.26 per share price.
Rambus: On Wednesday, Jul 20, 2016 heightened volatility was witnessed in Rambus which led to swings in the share price. The shares opened for trading at $13.15 and hit $13.65 on the upside , eventually ending the session at $13.56, with a gain of 2.34% or 0.31 points. The heightened volatility saw the trading volume jump to 9,00,955 shares. The 52-week high of the share price is $14.2 and the company has a market cap of $1,493 M . The 52-week low of the share price is at $9.86.
Company has been under the radar of several Street Analysts.Rambus is Initiated by Wunderlich to Buy and the brokerage firm has set the Price Target at $15. The Rating was issued on Jun 3, 2016.
Rambus Inc. is a technology solutions company. The Companys technology portfolio addresses the evolving power performance and security requirements of the mobile cloud computing and connected device markets. It offers solutions in memory chip interfaces and architectures security and advanced light emitting diode (LED) lighting. The Company has four operational units: Memory and Interfaces Division (MID) which focuses on the design development and licensing of technology that is related to memory and interfaces; Cryptography Research Division (CRD) which focuses on the design development and licensing of technologies for chip and system security and anti-counterfeiting; Emerging Solutions Division (ESD) which includes the Companys computational sensing and imaging group along with its development efforts in the area of emerging technologies and Lighting and Display Technologies (LDT) which focuses on the design development and licensing of technologies for lighting.