Capital Fund Management S.A. Has $1.65 Million Position in Rambus, Inc. $RMBS

Capital Fund Management S.A. lowered its stake in Rambus, Inc. (NASDAQ:RMBS) by 72.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,716 shares of the semiconductor company’s stock after selling 67,495 shares during the period. Capital Fund Management S.A.’s holdings in Rambus were worth $1,646,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC grew its holdings in Rambus by 162.5% during 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 last quarter. Bessemer Group Inc. grew its stake 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 during the period. Hantz Financial Services Inc. increased its stake in shares of Rambus by 1,386.0% in the 2nd 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 in the last quarter. McIlrath & Eck LLC bought a new stake in Rambus in the first quarter valued at $42,000. Finally, Brooklyn Investment Group raised its stake in Rambus by 19,360.0% during the 1st quarter. Brooklyn Investment Group now owns 973 shares of the semiconductor company’s stock worth $50,000 after buying an additional 968 shares during the period. 88.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on RMBS. Susquehanna set a $100.00 price objective on shares of Rambus and gave the stock a “neutral” rating in a report on Monday, October 6th. Arete raised shares of Rambus from a “neutral” rating to a “buy” rating and set a $91.00 price objective on the stock in a research report on Thursday, August 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Rambus in a research report on Monday. Wall Street Zen lowered shares of Rambus from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Finally, Robert W. Baird raised their price target on Rambus from $90.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $108.14.

Insider Buying and Selling

In other Rambus news, Director Eric B. Stang sold 5,000 shares of Rambus stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $102.35, for a total value of $511,750.00. Following the transaction, the director directly owned 24,394 shares of the company’s stock, valued at $2,496,725.90. The trade was a 17.01% 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 stock was sold at an average price of $85.63, for a total transaction of $642,225.00. Following the completion of the transaction, the director directly owned 30,824 shares in the company, valued at approximately $2,639,459.12. The trade was a 19.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 26,227 shares of company stock valued at $2,499,780 in the last 90 days. 1.00% of the stock is owned by insiders.

Rambus Trading Up 0.8%

RMBS opened at $98.81 on Friday. Rambus, Inc. has a 12-month low of $40.12 and a 12-month high of $114.55. The stock has a 50-day moving average price of $99.18 and a 200-day moving average price of $80.02. The stock has a market capitalization of $10.64 billion, a P/E ratio of 46.83 and a beta of 1.51.

Rambus (NASDAQ:RMBS) last posted its quarterly 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 business had revenue of $178.51 million for the quarter, compared to analysts’ expectations of $175.60 million. During the same period last year, the business posted $0.45 earnings per share. The company’s revenue was up 22.7% compared to the same quarter last year. On average, equities research analysts predict that Rambus, Inc. will post 1.89 EPS 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.