Panagora Asset Management Inc. Grows Stock Holdings in Rambus, Inc. $RMBS

Panagora Asset Management Inc. raised its stake in Rambus, Inc. (NASDAQ:RMBS) by 3.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 477,359 shares of the semiconductor company’s stock after buying an additional 16,921 shares during the period. Panagora Asset Management Inc.’s holdings in Rambus were worth $30,561,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In related news, Director Eric B. Stang sold 5,000 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $102.35, for a total transaction of $511,750.00. Following the transaction, the director directly owned 24,394 shares in the company, valued at approximately $2,496,725.90. This represents a 17.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Desmond Lynch sold 9,074 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $91.70, for a total value of $832,085.80. Following the completion of the sale, the chief financial officer directly owned 64,430 shares in the company, valued at approximately $5,908,231. The trade was a 12.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 26,227 shares of company stock worth $2,499,780. 1.00% of the stock is owned by company insiders.

Rambus Price Performance

Shares of NASDAQ RMBS opened at $94.19 on Tuesday. The company has a 50-day simple moving average of $99.41 and a 200-day simple moving average of $79.48. The company has a market cap of $10.14 billion, a PE ratio of 44.64 and a beta of 1.47. Rambus, Inc. has a 12 month low of $40.12 and a 12 month high of $114.55.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings data 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). The firm had revenue of $178.51 million for the quarter, compared to analysts’ expectations of $175.60 million. Rambus had a net margin of 33.72% and a return on equity of 17.73%. The business’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. Rambus has set its Q4 2025 guidance at EPS. On average, analysts anticipate that Rambus, Inc. will post 1.89 EPS for the current year.

Analyst Ratings Changes

RMBS has been the topic of several recent research reports. Wall Street Zen lowered shares of Rambus from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Jefferies Financial Group upgraded shares of Rambus to a “strong-buy” rating in a research report on Tuesday, October 28th. Wells Fargo & Company increased their price target on shares of Rambus from $73.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Robert W. Baird lifted their price objective on Rambus from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $130.00 target price on shares of Rambus in a research note on Tuesday, October 28th. Two 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 company has an average rating of “Buy” and a consensus price target 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.