Rambus Inc SVP, COO Xianzhi Fan Sells 2,004 Shares
Xianzhi Fan, SVP, COO of Rambus Inc (NASDAQ:RMBS), has sold 2,004 shares of the company on February 20, 2024, according to a recent SEC Filing. Rambus Inc is a technology solutions company that specializes in the design, development, and licensing of chip interface technologies and architectures that are used in digital electronics products.
Over the past year, the insider has sold a total of 56,217 shares and has not made any purchases of the company's stock. The insider transaction history for Rambus Inc indicates a pattern of 21 insider sells and no insider buys over the same timeframe.
On the day of the insider's recent sale, shares of Rambus Inc were trading at $55, giving the company a market cap of $6.053 billion. The price-earnings ratio of the stock stands at 18.77, which is lower than the industry median of 29.15 and also below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.18, with a current share price of $55 and a GuruFocus Value of $46.70, indicating that Rambus Inc is considered Modestly Overvalued according to the GF Value metric.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor related to the company's past performance, 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.
