Yahoo Finance Insider Sell: President and CEO Luc Seraphin Sells 15,000 Shares of Rambus Inc (RMBS)
Rambus Inc (NASDAQ:RMBS), a premier silicon IP and chip provider making data faster and safer, recently witnessed a transaction from its President and CEO, Luc Seraphin. On March 19, 2024, the insider sold 15,000 shares of the company, as reported in the SEC Filing. This transaction has been part of a series of sales by the insider over the past year, totaling 137,056 shares sold, with no recorded purchases in the same period.
The insider transaction history for Rambus Inc (NASDAQ:RMBS) indicates a pattern of insider sales, with 26 insider sells and no insider buys over the past year.
On the date of the insider's recent sale, shares of Rambus Inc (NASDAQ:RMBS) were trading at $58.35, valuing the company at a market cap of $6.561 billion. The price-earnings ratio stood at 20.14, below both the industry median of 30.435 and the company's historical median price-earnings ratio.
According to the GF Value, with a share price of $58.35 and a GuruFocus Value of $46.22, Rambus Inc is considered Significantly Overvalued, with a price-to-GF-Value ratio of 1.26. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which factors in historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from 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.
