AXQ Capital LP Takes $236,000 Position in Rambus, Inc. $RMBS

AXQ Capital LP purchased a new position in Rambus, Inc. (NASDAQ:RMBS) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,694 shares of the semiconductor company’s stock, valued at approximately $236,000.

Other hedge funds have also modified their holdings of the company. Nordea Investment Management AB raised its holdings in shares of Rambus by 1,216.0% during the second quarter. Nordea Investment Management AB now owns 69,116 shares of the semiconductor company’s stock valued at $4,381,000 after acquiring an additional 63,864 shares during the period. Oak Grove Capital LLC acquired a new stake in Rambus during the second quarter valued at $519,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Rambus by 10.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 182,940 shares of the semiconductor company’s stock valued at $9,472,000 after acquiring an additional 17,282 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in Rambus by 250.9% during the second quarter. First Citizens Bank & Trust Co. now owns 13,591 shares of the semiconductor company’s stock valued at $870,000 after acquiring an additional 9,718 shares in the last quarter. Finally, Park West Asset Management LLC bought a new stake in Rambus in the first quarter worth $30,503,000. 88.54% of the stock is owned by hedge funds and other institutional investors.

Rambus Stock Performance

Shares of NASDAQ:RMBS opened at $92.45 on Wednesday. Rambus, Inc. has a 52 week low of $40.12 and a 52 week high of $114.55. The company has a market capitalization of $9.95 billion, a PE ratio of 43.82 and a beta of 1.47. The company has a 50 day moving average price of $100.10 and a two-hundred day moving average price of $78.40.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings results 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). Rambus had a return on equity of 17.73% and a net margin of 33.72%.The business had revenue of $178.51 million during the quarter, compared to the consensus estimate of $175.60 million. During the same quarter last year, the company earned $0.45 earnings per share. The firm’s revenue 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 forecast that Rambus, Inc. will post 1.89 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on RMBS. Jefferies Financial Group upgraded shares of Rambus to a “strong-buy” rating in a report on Tuesday, October 28th. Weiss Ratings upgraded Rambus from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, November 19th. Susquehanna set a $100.00 price objective on Rambus and gave the company a “neutral” rating in a research note on Monday, October 6th. Arete Research upgraded shares of Rambus to a “strong-buy” rating in a research note on Thursday, August 28th. Finally, Wells Fargo & Company raised their price target on Rambus from $73.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Two research 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. Based on data from MarketBeat.com, Rambus presently has an average rating of “Buy” and an average price target of $108.14.

Insider Transactions at Rambus

In other Rambus news, 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 value of $642,225.00. Following the completion of the transaction, the director directly owned 30,824 shares in the company, valued at $2,639,459.12. This trade represents a 19.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Desmond Lynch sold 9,074 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $91.70, for a total transaction of $832,085.80. Following the sale, the chief financial officer directly 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 29,227 shares of company stock worth $2,714,940. Insiders own 1.00% of the company’s stock.

Rambus 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.