Thornburg Investment Management Inc. Grows Position in Rambus, Inc. $RMBS

Thornburg Investment Management Inc. lifted its position in shares of Rambus, Inc. (NASDAQ:RMBS) by 6.9% in the second quarter, Holdings Channel reports. The firm owned 86,748 shares of the semiconductor company’s stock after purchasing an additional 5,628 shares during the period. Thornburg Investment Management Inc.’s holdings in Rambus were worth $5,554,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RMBS. Banque Cantonale Vaudoise acquired a new position in Rambus during the first quarter valued at approximately $25,000. True Wealth Design LLC raised its stake in shares of Rambus by 162.5% in the 2nd quarter. True Wealth Design LLC now owns 420 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 260 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Rambus by 105.8% during the 2nd quarter. Bessemer Group Inc. now owns 463 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 238 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Rambus by 1,386.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 639 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 596 shares during the period. Finally, McIlrath & Eck LLC acquired a new stake in Rambus during the 1st quarter valued at $42,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Insider Buying and Selling at Rambus

In related news, Director Necip Sayiner sold 7,500 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $85.63, for a total transaction of $642,225.00. Following the completion of the sale, the director directly owned 30,824 shares of the company’s stock, valued at $2,639,459.12. This represents a 19.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Meera Rao sold 653 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $101.99, for a total value of $66,599.47. Following the sale, the director owned 29,261 shares of the company’s stock, valued at $2,984,329.39. This trade represents a 2.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 29,227 shares of company stock valued at $2,714,940 over the last quarter. Company insiders own 1.00% of the company’s stock.

Rambus Stock Performance

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

Rambus (NASDAQ:RMBS) last released its earnings results on Monday, October 27th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $175.60 million. During the same period in the previous year, the firm earned $0.45 earnings per share. Rambus’s revenue was up 22.7% on a year-over-year basis. Rambus has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that Rambus, Inc. will post 1.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on RMBS shares. Jefferies Financial Group upgraded Rambus to a “strong-buy” rating in a research note on Tuesday, October 28th. Robert W. Baird increased their price target on Rambus from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Evercore ISI lifted their price objective on Rambus from $114.00 to $126.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Wall Street Zen cut Rambus from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Finally, Susquehanna set a $100.00 price objective on Rambus and gave the company a “neutral” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Rambus presently has a consensus rating of “Buy” and an average price target of $108.14.

Rambus 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.