Rambus, Inc. $RMBS Shares Purchased by Renaissance Group LLC

Renaissance Group LLC boosted its position in shares of Rambus, Inc. (NASDAQ:RMBS) by 29.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,593 shares of the semiconductor company’s stock after acquiring an additional 27,928 shares during the quarter. Renaissance Group LLC owned 0.11% of Rambus worth $7,784,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Rambus

In related news, CFO Desmond Lynch sold 9,074 shares of the stock in a transaction on 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 sale, the chief financial officer owned 64,430 shares in the company, valued at $5,908,231. This represents a 12.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Necip Sayiner sold 7,500 shares of Rambus stock in a transaction 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 transaction, the director owned 30,824 shares in the company, valued at approximately $2,639,459.12. This represents a 19.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,227 shares of company stock worth $2,714,940 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Rambus Price Performance

Shares of NASDAQ:RMBS opened at $87.70 on Wednesday. Rambus, Inc. has a 12 month low of $40.12 and a 12 month high of $114.55. The firm has a market capitalization of $9.44 billion, a P/E ratio of 41.56 and a beta of 1.47. The company’s fifty day moving average price is $99.95 and its 200 day moving average price is $77.01.

Rambus (NASDAQ:RMBS) last issued 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 return on equity of 17.73% and a net margin of 33.72%.The business’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 business 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 EPS for the current year.

Analyst Ratings Changes

RMBS has been the topic of a number of analyst reports. Wall Street Zen lowered Rambus from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Susquehanna set a $100.00 target price on shares of Rambus and gave the company a “neutral” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rambus in a report on Thursday, November 13th. Evercore ISI increased their price objective on shares of Rambus from $114.00 to $126.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Finally, Robert W. Baird boosted their target price on shares of Rambus from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Rambus has an average rating of “Buy” and an average 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.