$143,122 worth of common stock was sold by Rambus SVP by Investing.com

John Shinn, senior vice president and general counsel at Rambus Inc . (NASDAQ: ), a semiconductor company with impressive gross profit margins 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 at the exact price of $58.1327 each, for a total transaction value of $143,122. Following this sale, Shin retained ownership of 20,628 shares in the semiconductor company. This transaction was filed with the Securities and Exchange Commission on December 12, 2024. The stock currently trades at a P/E ratio of 35.5k, reflecting its premium valuation. InvestingPro analysis reveals 14 additional key insights about Rambus, including detailed financial health metrics and valuation indicators available in the comprehensive research report.

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

Analysts Baird and Loop Capital initiated coverage of Rambus with Outperform and Buy ratings, recognizing the company’s role in improving 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 forecast 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 recent developments for Rambus Inc. while continuing to secure its position in the DRAM industry through strategic licensing agreements and the strength of its patent portfolio.

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