AXQ Capital LP Makes New Investment in Rambus, Inc. $RMBS

AXQ Capital LP acquired a new position in shares of Rambus, Inc. (NASDAQ:RMBS) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 6,742 shares of the semiconductor company’s stock, valued at approximately $620,000.

A number of other large investors also recently bought and sold shares of the company. Torren Management LLC acquired a new position in shares of Rambus during the 4th quarter worth $26,000. Spire Wealth Management grew its stake in shares of Rambus by 199.0% during the 4th quarter. Spire Wealth Management now owns 302 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 201 shares during the period. IFP Advisors Inc grew its stake in shares of Rambus by 126.7% during the 3rd quarter. IFP Advisors Inc now owns 442 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 247 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Rambus during the 4th quarter worth $50,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Rambus by 83.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 353 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Insider Buying and Selling

In other Rambus news, Director Meera Rao sold 2,972 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $150.30, for a total value of $446,691.60. Following the sale, the director owned 19,974 shares of the company’s stock, valued at $3,002,092.20. This represents a 12.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Necip Sayiner sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $170.15, for a total transaction of $850,750.00. Following the completion of the sale, the director directly owned 18,223 shares in the company, valued at $3,100,643.45. This trade represents a 21.53% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 79,850 shares of company stock valued at $11,649,796. 0.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of Rambus from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Evercore reaffirmed an “outperform” rating and set a $172.00 price target on shares of Rambus in a research note on Tuesday, April 28th. Weiss Ratings cut shares of Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, March 10th. Rosenblatt Securities upped their price target on shares of Rambus from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Finally, Wells Fargo & Company upped their price target on shares of Rambus from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $130.43.

Rambus Trading Up 2.3%

Shares of NASDAQ RMBS opened at $170.66 on Thursday. The stock has a market cap of $18.46 billion, a price-to-earnings ratio of 81.27 and a beta of 1.84. Rambus, Inc. has a 52 week low of $56.08 and a 52 week high of $174.10. The company’s 50-day moving average price is $122.66 and its 200 day moving average price is $107.20.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. Rambus had a net margin of 31.90% and a return on equity of 17.41%. The company had revenue of $180.19 million for the quarter, compared to the consensus estimate of $179.94 million. As a group, research analysts expect that Rambus, Inc. will post 2.44 earnings per share for the current year.

Rambus News Roundup

Here are the key news stories impacting Rambus this week:

• Positive Sentiment: Investor enthusiasm remains supported by Rambus’ AI and data-center memory roadmap, including new product and IP announcements tied to next-generation AI infrastructure. Rambus shares jump as investors focus on AI-memory roadmap ahead of conference updates
• Positive Sentiment: The company recently beat quarterly EPS and revenue expectations, reinforcing the growth story behind the stock’s strong move higher. Rambus earnings and stock information
• Neutral Sentiment: A top-analyst rating update was published, but the details provided do not indicate a clear change in outlook. Rambus receives a rating update from a top analyst
• Negative Sentiment: Director Emiko Higashi sold 10,000 shares, adding to concerns that insiders are taking profits after the stock’s sharp run-up. SEC filing for Emiko Higashi sale
• Negative Sentiment: Director Necip Sayiner sold 5,000 shares, and additional reports showed other recent insider sales, reinforcing a pattern of insider selling at Rambus. SEC filing for Necip Sayiner sale
• Negative Sentiment: Another report highlighted that several Rambus insiders have been quietly cashing in with major stock sales, which may pressure shares despite the positive business narrative. Top Rambus Insiders Quietly Cash In With Major Stock Sales

About Rambus

Rambus Inc is a technology licensing company specializing in semiconductor and system-level interface solutions. Founded in 1990 by Stanford University researchers Mike Farmwald and Mark Horowitz, Rambus established its headquarters in Sunnyvale, California. The company initially gained prominence by developing high-speed DRAM interface technology and securing a broad patent portfolio covering memory architecture, data signaling and power management innovations.

Today, Rambus licenses its proprietary intellectual property (IP) to semiconductor companies, original equipment manufacturers (OEMs) and system integrators worldwide.