Rambus SVP sells common stock for $143,122 by Investing.com

John Shen, Senior Vice President and General Counsel at Rambus Company . (NASDAQ:), a semiconductor company with an impressive gross profit margin of 82.5% and a market capitalization of $6.2 billion according to InvestingProrecently sold 2,462 shares of the company’s common stock. The shares were sold for a stated price of $58.1327 each, bringing up a total transaction value of $143,122. Following this sale, Shinn retains ownership of 20,628 shares in the semiconductor company. This deal was filed with the Securities and Exchange Commission on December 12, 2024. The stock currently trades at a price-to-earnings ratio of 35.5x, reflecting its premium valuation. InvestingPro The analysis reveals 14 additional key insights about Rambus, including detailed financial health metrics and valuation indicators available in Pro Research’s comprehensive report.

In other recent news, Rambus Inc. announced reported impressive results for the third quarter of fiscal year 2024, with revenues reaching $145.5 million, driven primarily by strong demand for DDR5 memory interface chips. The company’s product revenue increased 27% year-over-year to $66.4 million, and generated $62 million in operating cash. Rambus also renewed its patent licensing deal with Micron Technology (NASDAQ:) for another five years, giving Micron access to Rambus’s patent portfolio until late 2029.

Analysts Baird and Loop Capital initiated coverage of Rambus with Outperform and Buy ratings, respectively, recognizing the company’s role in boosting AI-driven performance in data centers and addressing memory bottlenecks. Rambus also introduced new DDR5 MRDIMM and RDIMM chipsets for advanced data center and AI applications.

Rambus expects fourth-quarter revenue to be between $154 million and $160 million, with non-GAAP earnings per share expected to be between $0.52 and $0.59. These are the latest developments of Rambus Inc. It continues to secure its position in the DRAM industry through strategic licensing agreements and the strength of its patent portfolio.

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