Yahoo Finance Insider Sell: President and CEO Luc Seraphin Sells 15,000 Shares of Rambus Inc (RMBS)
President and CEO Luc Seraphin has sold 15,000 shares of Rambus Inc (NASDAQ:RMBS) on March 26, 2024, according to a recent SEC Filing. Over the past year, the insider has sold a total of 139,556 shares of the company and has not made any purchases of the stock.
Rambus Inc is a technology company that specializes in providing semiconductor products that span memory and interfaces to security, smart sensors, and lighting. The company's innovative solutions are integral to computers, electronic devices, and servers.
The insider transaction history for Rambus Inc shows a pattern of insider sales over the past year, with 27 insider sells and no insider buys recorded.
On the date of the insider's recent sale, shares of Rambus Inc were trading at $62.69, giving the company a market capitalization of $6.811 billion. The price-earnings ratio of the company stands at 20.91, which is lower than the industry median of 31.31 and also below the company's historical median price-earnings ratio.
According to the GF Value, with a share price of $62.69 and a GuruFocus Value of $46.58, Rambus Inc has a price-to-GF-Value ratio of 1.35, indicating that the stock is Significantly Overvalued.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
