Prudential Financial Inc. Buys 6,115 Shares of Rambus, Inc. $RMBS

Prudential Financial Inc. lifted its stake in shares of Rambus, Inc. (NASDAQ:RMBS) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 263,371 shares of the semiconductor company’s stock after buying an additional 6,115 shares during the quarter. Prudential Financial Inc. owned about 0.24% of Rambus worth $16,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of RMBS. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Rambus during the 1st quarter worth approximately $1,481,000. Cetera Investment Advisers boosted its position in shares of Rambus by 12.3% during the first quarter. Cetera Investment Advisers now owns 27,507 shares of the semiconductor company’s stock valued at $1,424,000 after purchasing an additional 3,021 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in Rambus by 161.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 1,857 shares of the semiconductor company’s stock worth $96,000 after purchasing an additional 1,148 shares during the period. LPL Financial LLC grew its stake in Rambus by 26.3% in the first quarter. LPL Financial LLC now owns 80,016 shares of the semiconductor company’s stock worth $4,143,000 after purchasing an additional 16,652 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in Rambus by 269.5% in the first quarter. Mackenzie Financial Corp now owns 26,163 shares of the semiconductor company’s stock worth $1,355,000 after purchasing an additional 19,082 shares in the last quarter. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Rambus news, CFO Desmond Lynch sold 9,074 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $91.70, for a total transaction of $832,085.80. Following the sale, the chief financial officer directly owned 64,430 shares in the company, valued at approximately $5,908,231. This trade represents a 12.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Necip Sayiner sold 7,500 shares of Rambus stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $85.63, for a total value of $642,225.00. Following the completion of the sale, the director directly owned 30,824 shares of the company’s stock, valued at approximately $2,639,459.12. The trade was a 19.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 29,227 shares of company stock valued at $2,714,940. Insiders own 1.00% of the company’s stock.

Rambus Stock Performance

Shares of RMBS stock opened at $94.87 on Thursday. The company has a market capitalization of $10.21 billion, a price-to-earnings ratio of 44.96 and a beta of 1.47. Rambus, Inc. has a one year low of $40.12 and a one year high of $114.55. The company’s 50-day moving average is $100.05 and its 200 day moving average is $78.51.

Rambus (NASDAQ:RMBS) last issued its earnings results on Monday, October 27th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.18). Rambus had a return on equity of 17.73% and a net margin of 33.72%.The firm had revenue of $178.51 million during the quarter, compared to analysts’ expectations of $175.60 million. During the same period last year, the firm posted $0.45 earnings per share. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. Rambus has set its Q4 2025 guidance at EPS. As a group, research analysts predict that Rambus, Inc. will post 1.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RMBS has been the topic of a number of research reports. Jefferies Financial Group upgraded shares of Rambus to a “strong-buy” rating in a report on Tuesday, October 28th. Evercore ISI lifted their price target on shares of Rambus from $114.00 to $126.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Rambus in a report on Tuesday. Wells Fargo & Company raised their target price on shares of Rambus from $73.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Finally, Wall Street Zen lowered shares of Rambus from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $108.14.

Rambus Company Profile

Rambus Inc provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP.