Magnetar Financial LLC Acquires New Holdings in Rambus, Inc. $RMBS

Magnetar Financial LLC bought a new position in Rambus, Inc. (NASDAQ:RMBS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 36,439 shares of the semiconductor company’s stock, valued at approximately $2,333,000.

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

Insider Buying and Selling at Rambus

In other Rambus news, CFO Desmond Lynch sold 9,074 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $91.70, for a total transaction of $832,085.80. Following the completion of the transaction, the chief financial officer owned 64,430 shares in the company, valued at $5,908,231. This trade represents a 12.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eric B. Stang sold 5,000 shares of Rambus stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $102.35, for a total value of $511,750.00. Following the sale, the director directly owned 24,394 shares in the company, valued at $2,496,725.90. The trade was a 17.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 29,227 shares of company stock valued at $2,714,940 over the last quarter. 1.00% of the stock is currently owned by insiders.

Rambus Trading Up 1.0%

Shares of NASDAQ:RMBS opened at $88.15 on Friday. The firm has a market capitalization of $9.49 billion, a PE ratio of 41.78 and a beta of 1.47. Rambus, Inc. has a 1-year low of $40.12 and a 1-year high of $114.55. The business’s 50 day moving average is $100.23 and its 200-day moving average is $77.63.

Rambus (NASDAQ:RMBS) last issued its earnings results on Monday, October 27th. The semiconductor company reported $0.44 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 the consensus estimate of $175.60 million. During the same period last year, the business earned $0.45 earnings per share. The firm’s revenue for the quarter was up 22.7% compared to the same quarter last year. Rambus has set its Q4 2025 guidance at EPS. On average, sell-side analysts predict that Rambus, Inc. will post 1.89 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on RMBS shares. Arete Research raised Rambus to a “strong-buy” rating in a research report on Thursday, August 28th. Wall Street Zen lowered Rambus from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Susquehanna set a $100.00 price objective on shares of Rambus and gave the stock a “neutral” rating in a research note on Monday, October 6th. Weiss Ratings raised shares of Rambus from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Finally, Jefferies Financial Group raised shares of Rambus to a “strong-buy” rating in a report on Tuesday, October 28th. Three 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. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $108.14.

About Rambus

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.