Axa S.A. Sells 117,524 Shares of Rambus Inc. (NASDAQ:RMBS)

Axa S.A. trimmed its stake in Rambus Inc. (NASDAQ:RMBS) by 77.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 34,957 shares of the semiconductor company’s stock after selling 117,524 shares during the period. Axa S.A.’s holdings in Rambus were worth $2,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in Rambus by 2.4% in the 4th quarter. Wells Fargo & Company MN now owns 131,600 shares of the semiconductor company’s stock valued at $8,982,000 after acquiring an additional 3,054 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Rambus by 1,807.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 27,423 shares of the semiconductor company’s stock valued at $1,872,000 after purchasing an additional 25,985 shares in the last quarter. American International Group Inc. lifted its position in Rambus by 231.7% in the fourth quarter. American International Group Inc. now owns 198,577 shares of the semiconductor company’s stock worth $13,553,000 after purchasing an additional 138,714 shares during the period. Westwood Holdings Group Inc. boosted its stake in Rambus by 21.0% during the fourth quarter. Westwood Holdings Group Inc. now owns 220,067 shares of the semiconductor company’s stock worth $15,020,000 after buying an additional 38,268 shares in the last quarter. Finally, Seven Eight Capital LP bought a new stake in Rambus in the 4th quarter valued at $1,160,000. Institutional investors own 88.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 target price on shares of Rambus in a research report on Tuesday, September 10th. Susquehanna lowered their price objective on Rambus from $75.00 to $66.00 and set a “positive” rating on the stock in a research note on Friday, July 26th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.75.

Rambus Stock Performance

Shares of RMBS stock opened at $42.22 on Tuesday. The stock’s fifty day moving average is $44.62 and its 200-day moving average is $53.65. Rambus Inc. has a 52 week low of $37.42 and a 52 week high of $76.38. The stock has a market capitalization of $4.55 billion, a PE ratio of 12.91 and a beta of 1.19.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.12). Rambus had a net margin of 48.31% and a return on equity of 16.74%. The company had revenue of $132.10 million during the quarter, compared to analyst estimates of $139.00 million. During the same quarter in the previous year, the business posted $0.36 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. As a group, analysts forecast that Rambus Inc. will post 1.41 earnings per share for the current fiscal year.

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.