Rambus, Inc. $RMBS Shares Acquired by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. lifted its holdings in Rambus, Inc. (NASDAQ:RMBS) by 6.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,748 shares of the semiconductor company’s stock after buying an additional 5,628 shares during the quarter. Thornburg Investment Management Inc. owned 0.08% of Rambus worth $5,554,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Rambus by 60.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,746,856 shares of the semiconductor company’s stock worth $452,870,000 after purchasing an additional 3,297,728 shares in the last quarter. EdgePoint Investment Group Inc. acquired a new stake in shares of Rambus in the first quarter valued at about $60,535,000. Nuveen LLC purchased a new stake in Rambus during the first quarter worth about $57,084,000. Assenagon Asset Management S.A. grew its position in Rambus by 392.9% during the second quarter. Assenagon Asset Management S.A. now owns 881,562 shares of the semiconductor company’s stock worth $56,438,000 after buying an additional 702,704 shares during the period. Finally, Park West Asset Management LLC acquired a new position in Rambus during the first quarter worth about $30,503,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Analysts Set New Price Targets

RMBS has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Rambus in a research note on Tuesday. Rosenblatt Securities reiterated a “buy” rating and set a $130.00 target price on shares of Rambus in a research report on Tuesday, October 28th. Robert W. Baird upped their target price on Rambus from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Arete raised Rambus from a “neutral” rating to a “buy” rating and set a $91.00 price target for the company in a research note on Thursday, August 28th. Finally, Susquehanna set a $100.00 price objective on shares of Rambus and gave the stock a “neutral” rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $108.14.

Insider Activity

In related news, Director Eric B. Stang sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $102.35, for a total transaction of $511,750.00. Following the transaction, the director owned 24,394 shares of the company’s stock, valued at approximately $2,496,725.90. This represents a 17.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Necip Sayiner sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $85.63, for a total transaction of $642,225.00. Following the sale, the director owned 30,824 shares in the company, valued at approximately $2,639,459.12. This trade represents a 19.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 29,227 shares of company stock worth $2,714,940. Corporate insiders own 1.00% of the company’s stock.

Rambus Stock Up 2.6%

Shares of NASDAQ:RMBS opened at $94.87 on Thursday. The company has a market capitalization of $10.21 billion, a P/E ratio of 44.96 and a beta of 1.47. Rambus, Inc. has a 52-week low of $40.12 and a 52-week high of $114.55. The stock’s fifty day simple moving average is $100.05 and its 200-day simple moving average is $78.51.

Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, October 27th. The semiconductor company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.18). The firm had revenue of $178.51 million during the quarter, compared to analyst estimates of $175.60 million. Rambus had a net margin of 33.72% and a return on equity of 17.73%. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. Rambus has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Rambus, Inc. will post 1.89 earnings per share for the current year.

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.