Valuation Update With 7 Day Price Move • 1h
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$143, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 31x in the Semiconductor industry in the US. Total returns to shareholders of 118% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$69.17 per share. New Risk • May 20
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$1.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Significant insider selling over the past 3 months (US$1.9m sold). Actualités en direct • May 15
Rambus Rated Hold After Strong AI Run as Analyst Caution Rises on Key Risks Rambus has been reassessed by 24/7 Wall St., which now rates the stock a hold despite 8 of 9 covering analysts maintaining buy ratings.
The outlet’s model points to a price target that implies potential downside after a strong run supported by AI infrastructure demand tied to DDR5, HBM and high-bandwidth memory controllers.
Key risks highlighted include slowing royalty revenue, rising operating expenses and the recent resignation of the company’s CFO, while possible upside is linked to HBM4E adoption and new licensing deals.
The shift from bullish consensus to a more cautious hold view underscores that a lot of optimism around Rambus’s role in AI memory may already be reflected in the stock.
Investors may want to keep a close eye on royalty trends, expense discipline and the CFO transition, since any disappointment on these points could matter as much as progress with HBM4E and future licensing wins. Recent Insider Transactions Derivative • May 11
Independent Director notifies of intention to sell stock Necip Sayiner intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of May. If the sale is conducted around the recent share price of US$130, it would amount to US$1.3m. Since September 2025, Necip's direct individual holding has increased from 27.00k shares to 30.82k. Company insiders have collectively sold US$3.3m more than they bought, via options and on-market transactions in the last 12 months. Annonce • May 08
Rambus Inc Introduces PCIe 7.0 Switch Ip With Time Division Multiplexing Rambus Inc. announced the Rambus PCIe 7.0 Switch IP with Time Division Multiplexing, a new addition to its advanced interconnect IP portfolio designed to address the rapidly escalating bandwidth, latency, and scalability requirements of AI, cloud, and high-performance computing (HPC) systems. Rambus PCIe 7.0 Switch IP with Time Division Multiplexing enables efficient, scalable PCIe fabrics that optimize link utilization and reduce system complexity for scale up and scale out of distributed AI clusters and high-performance computing networks. Supports bandwidth scaling, low latency, and efficient data movement for AI, cloud, and HPC systems. Increases link utilization through intelligent traffic multiplexing, enabling simpler architectures and scalable disaggregated and pooled compute designs. Extends the Rambus PCIe IP portfolio which spans switches, controllers, retimers, and debug solutions to support next-generation AI infrastructure. As AI infrastructure grows in scale and architectural complexity, system designers are increasingly challenged to move massive volumes of data efficiently across CPUs, GPUs, accelerators, and NVMe storage. The Rambus PCIe 7.0 Switch IP with Time Division Multiplexing is architected to help meet these demands by enabling more flexible and efficient utilization of PCIe links, supporting emerging disaggregated and pooled compute architectures while maintaining low latency and deterministic performance. Built on the PCIe 7.0 specification, the Rambus newest switch IP is optimized for next-generation AI and data center SoCs that require extreme bandwidth density, advanced traffic management, and seamless scalability. By incorporating Time Division Multiplexing capabilities, the switch enables designers to intelligently schedule and multiplex traffic across shared links, helping maximize fabric utilization while supporting diverse workload profiles, from large-scale AI training to latency-sensitive inference and data movement. The Rambus PCIe 7.0 Switch IP with Time Division Multiplexing is designed to integrate seamlessly into ASIC platforms and complements Rambus’ PCIe 7.0 IP portfolio, which includes controllers, retimers, and debug solutions. These IP offerings help customers accelerate time-to-market while addressing the demanding performance, power, and reliability requirements of modern AI infrastructure. The Rambus PCIe 7.0 Switch IP with Time Division Multiplexing reinforces the company’s leadership in high-speed interface IP and its commitment to delivering differentiated interconnect technologies that help customers solve the most challenging problems in AI, cloud, and HPC Infrastructure. Annonce • Apr 29
Rambus Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2026 Rambus Inc. provided earnings guidance for the second quarter ending June 30, 2026. For the quarter, the company expected royalty revenue to be between $72 million and $78 million, product revenue to be between $95 million and $101 million, and contract and other revenue to be between $19 million and $25 million. Reported Earnings • Apr 28
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: US$0.55 (down from US$0.56 in 1Q 2025). Revenue: US$180.2m (up 8.1% from 1Q 2025). Net income: US$59.9m (flat on 1Q 2025). Profit margin: 33% (down from 36% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.5%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$139, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 35x in the Semiconductor industry in the US. Total returns to shareholders of 209% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$67.72 per share. Annonce • Apr 23
Rambus Inc. Enables Power-Efficient AI Platforms with SOCAMM2 Server Module Chipset Rambus Inc. announced a SOCAMM2 (Small Outline Compression Attached Memory Module) chipset designed to enable low-power, high-performance LPDDR5X-based memory modules for AI server platforms. The SOCAMM2 chipset represents the first step in a broader Rambus roadmap of LPDDR-based server module solutions, reflecting the company’s ongoing collaboration with industry partners to support new memory architectures optimized for evolving workloads in AI data center infrastructure. This new product family extends the comprehensive Rambus offering of complete memory interface chipsets for all JEDEC-standard DDR5 and LPDDR5 memory modules. SOCAMM2 memory modules, based on LPDDR technology, are emerging as an innovative architectural approach to address these challenges by delivering high performance with lower power consumption in a modular, serviceable, board area efficient form factor. The Rambus SOCAMM2 chipset is designed to support this transition by providing the critical control, telemetry, and power delivery functions required by JEDEC-standard SOCAMM2 memory modules in demanding AI server environments. SOCAMM2 replaces soldered LPDDR memory with detachable, upgradable modules that combine LPDDR efficiency with server-class serviceability in the data center. The Rambus LPDDR5X SOCAMM2 chipset supports reliable, power-efficient operation of LPDDR-based server memory modules at up to 9.6 Gb/s and includes: SPD Hub for module identification, configuration, and telemetry; 12-amp (A) and 3A voltage regulators for localized, efficient power conversion. Recent Insider Transactions Derivative • Apr 15
Independent Director notifies of intention to sell stock Meera Rao intends to sell 9k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of April. If the sale is conducted around the recent share price of US$118, it would amount to US$1.0m. Since September 2025, Meera's direct individual holding has increased from 26.09k shares to 29.26k. Company insiders have collectively sold US$3.5m more than they bought, via options and on-market transactions in the last 12 months. Annonce • Apr 07
Rambus Inc. to Report Q1, 2026 Results on Apr 27, 2026 Rambus Inc. announced that they will report Q1, 2026 results on Apr 27, 2026 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$93.03, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 23x in the Semiconductor industry in the US. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$67.19 per share. Buy Or Sell Opportunity • Mar 31
Now 27% overvalued Over the last 90 days, the stock has fallen 6.4% to US$86.03. The fair value is estimated to be US$67.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Annonce • Mar 09
Rambus Inc., Annual General Meeting, Apr 23, 2026 Rambus Inc., Annual General Meeting, Apr 23, 2026. Annonce • Mar 05
Rambus Inc. Sets New Benchmark For AI Memory Performance With HBM4E Controller IP Rambus Inc. announced the industry’s leading HBM4E Memory Controller IP, extending its market leadership in HBM IP. This new solution delivers breakthrough performance with advanced reliability features enabling designers to address the demanding memory bandwidth requirements of next-generation AI accelerators and graphics processing units (GPUs). The Rambus HBM4E Controller enables a new generation of HBM memory deployments for cutting-edge AI accelerators, graphics and HPC applications. The HBM4E Controller is capable of supporting operation up to 16 Gigabits per second (Gbps) per pin providing an unprecedented throughput of 4.1 Terabytes per second (TB/s) to each memory device. For an AI accelerator with eight attached HBM4E devices, this translates to over 32 TB/s of memory bandwidth for next-generation AI workloads. The Rambus HBM4E Controller IP can be paired with third-party standard or TSV PHY solutions to instantiate a complete HBM4E memory subsystem in a 2.5D or 3D package as part of an AI SoC or custom base die solution. The Rambus HBM4E Controller IP is the latest addition to the Rambus leading-edge portfolio of digital controller solutions. The HBM4E Controller is available for licensing, and early access design customers can engage. New Risk • Mar 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Recent Insider Transactions Derivative • Mar 03
CEO, President & Director notifies of intention to sell stock Luc Seraphin intends to sell 40k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of March. If the sale is conducted around the recent share price of US$98.63, it would amount to US$3.9m. For the year to December 2019, Luc's total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Luc's direct individual holding has increased from 306.93k shares to 370.98k. Company insiders have collectively sold US$3.0m more than they bought, via options and on-market transactions in the last 12 months. Annonce • Feb 13
Rambus Inc. Appoints Victor Peng to Board of Directors, Effective February 12, 2026 Rambus Inc. announced the appointment of Victor Peng, Age 65, to its Board of Directors, effective February 12, 2026. Victor Peng is an accomplished executive with more than 40 years of leadership experience at top semiconductor companies. Most recently, Mr. Peng served as president of Advanced Micro Devices (AMD), leading AMD’s embedded and data center GPU businesses, AI software, and the research and advanced development group. Prior to AMD, Mr. Peng served 14 years at Xilinx, holding senior level positions including president and chief executive officer, board member, chief operating officer, executive vice president, and general manager of products. Mr. Peng currently serves on the Boards of KLA Corporation and Microchip Technology Inc. Mr. Peng holds a Master of Engineering in electrical engineering from Cornell University, and a Bachelor of Science in electrical engineering from Rensselaer Polytechnic Institute. Reported Earnings • Feb 03
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: US$2.14 (up from US$1.67 in FY 2024). Revenue: US$707.6m (up 27% from FY 2024). Net income: US$230.5m (up 28% from FY 2024). Profit margin: 33% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.5%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 03
Rambus Inc. Provides Earnings Guidance for the First Quarter of 2026 Rambus Inc. provided earnings guidance for the first quarter of 2026. For the first quarter of 2026, the Company expects licensing billings to be between $66 million and $72 million. The Company also expects royalty revenue to be between $61 million and $67 million, product revenue to be between $84 million and $90 million, and contract and other revenue to be between $21 million and $27 million. Revenue is not without risk and achieving revenue in this range will require that the Company sign customer agreements for various product sales and solutions licensing, among other matters. Buy Or Sell Opportunity • Jan 16
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to US$108. The fair value is estimated to be US$88.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Annonce • Jan 13
Rambus Inc. to Report Q4, 2025 Results on Feb 02, 2026 Rambus Inc. announced that they will report Q4, 2025 results on Feb 02, 2026 Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$90.61, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 25x in the Semiconductor industry in the US. Total returns to shareholders of 145% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$88.89 per share. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$91.13, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 21x in the Semiconductor industry in the US. Total returns to shareholders of 146% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$88.24 per share. Recent Insider Transactions • Nov 14
Independent Director recently sold US$959k worth of stock On the 10th of November, Eric Stang sold around 9k shares on-market at roughly US$107 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$7.4m more than they bought in the last 12 months. Buy Or Sell Opportunity • Nov 05
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 51% to US$109. The fair value is estimated to be US$88.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Price Target Changed • Oct 30
Price target increased by 12% to US$116 Up from US$104, the current price target is an average from 8 analysts. New target price is 7.5% above last closing price of US$108. Stock is up 125% over the past year. The company is forecast to post earnings per share of US$2.07 for next year compared to US$1.67 last year. Reported Earnings • Oct 29
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: US$0.45 (down from US$0.45 in 3Q 2024). Revenue: US$178.5m (up 23% from 3Q 2024). Net income: US$48.4m (flat on 3Q 2024). Profit margin: 27% (down from 33% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Oct 28
Price target increased by 10% to US$111 Up from US$100, the current price target is an average from 8 analysts. New target price is 6.7% above last closing price of US$104. Stock is up 103% over the past year. The company is forecast to post earnings per share of US$2.07 for next year compared to US$1.67 last year. Annonce • Oct 28
Rambus Inc. Provides Earnings Guidance for the Fourth Quarter of 2025 Rambus Inc. provided earnings guidance for the fourth quarter of 2025. For the quarter, the company expects revenue to be between $184 million and $190 million. The Company expects licensing billings to be between $60 million and $66 million. The Company also expects royalty revenue to be between $59 million and $65 million, product revenue to be between $94 million and $100 million, and contract and other revenue to be between $25 million and $31 million. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$114, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 23x in the Semiconductor industry in the US. Total returns to shareholders of 277% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$71.72 per share. Recent Insider Transactions Derivative • Oct 07
Independent Director notifies of intention to sell stock Meera Rao intends to sell 653 shares in the next 90 days after lodging an Intent To Sell Form on the 1st of October. If the sale is conducted around the recent share price of US$102, it would amount to US$67k. Since December 2024, Meera's direct individual holding has decreased from 26.12k shares to 25.44k. Company insiders have collectively sold US$6.4m more than they bought, via options and on-market transactions in the last 12 months. Annonce • Oct 07
Rambus Inc. to Report Q3, 2025 Results on Oct 27, 2025 Rambus Inc. announced that they will report Q3, 2025 results on Oct 27, 2025 Price Target Changed • Oct 06
Price target increased by 9.2% to US$104 Up from US$94.75, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of US$101. Stock is up 146% over the past year. The company is forecast to post earnings per share of US$2.15 for next year compared to US$1.67 last year. Price Target Changed • Sep 16
Price target increased by 9.6% to US$89.75 Up from US$81.88, the current price target is an average from 8 analysts. New target price is 7.5% below last closing price of US$97.05. Stock is up 151% over the past year. The company is forecast to post earnings per share of US$2.18 for next year compared to US$1.67 last year. Recent Insider Transactions • Sep 14
Independent Director recently sold US$642k worth of stock On the 11th of September, Necip Sayiner sold around 8k shares on-market at roughly US$85.63 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$6.4m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Sep 12
Independent Director notifies of intention to sell stock Necip Sayiner intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of September. If the sale is conducted around the recent share price of US$85.63, it would amount to US$642k. Since March 2025, Necip's direct individual holding has decreased from 39.03k shares to 34.50k. Company insiders have collectively sold US$5.8m more than they bought, via options and on-market transactions in the last 12 months. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$88.58, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 22x in the Semiconductor industry in the US. Total returns to shareholders of 252% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$68.69 per share. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$81.09, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 23x in the Semiconductor industry in the US. Total returns to shareholders of 230% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$67.21 per share. Buy Or Sell Opportunity • Aug 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 52% to US$81.09. The fair value is estimated to be US$67.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Price Target Changed • Aug 14
Price target increased by 8.2% to US$80.13 Up from US$74.03, the current price target is an average from 8 analysts. New target price is 5.4% above last closing price of US$76.00. Stock is up 63% over the past year. The company is forecast to post earnings per share of US$2.15 for next year compared to US$1.67 last year. Recent Insider Transactions • Aug 13
Independent Director recently sold US$551k worth of stock On the 8th of August, Necip Sayiner sold around 8k shares on-market at roughly US$73.53 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$5.5m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Aug 10
Independent Director notifies of intention to sell stock Necip Sayiner intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of August. If the sale is conducted around the recent share price of US$73.53, it would amount to US$551k. Since March 2025, Necip's direct individual holding has increased from 39.03k shares to 42.00k. Company insiders have collectively sold US$5.0m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Jul 29
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$0.54 (up from US$0.34 in 2Q 2024). Revenue: US$172.2m (up 30% from 2Q 2024). Net income: US$57.9m (up 61% from 2Q 2024). Profit margin: 34% (up from 27% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 6.0%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Annonce • Jul 29
Rambus Inc. Provides Earnings Guidance for the Third Quarter Ending September 30, 2025 Rambus Inc. provided earnings guidance for the third quarter ending September 30, 2025. For the quarter, the company expects Product revenue (GAAP) of $87 million - $93 million. Contract and other revenue (GAAP) of $22 million - $28 million. Annonce • Jul 08
Rambus Inc. to Report Q2, 2025 Results on Jul 28, 2025 Rambus Inc. announced that they will report Q2, 2025 results on Jul 28, 2025 Annonce • May 14
Rambus Delivers Industry-Leading Client Chipsets for Next-Generation AI PC Memory Modules Rambus Inc. announced the availability of complete client chipsets for next-generation AI PC memory modules, featuring two new Power Management ICs (PMICs) for client computing. PMICs are critical to efficiently power memory modules providing breakthrough levels of performance for advanced computing applications. The two new Rambus PMICs are the PMIC5200, for LPDDR5 CAMM2 (LPCAMM2) memory modules and the PMIC5120, which supports DDR5 CSODIMMs and CUDIMMs. These PMICs, alongside the Client Clock Driver (CKD) and Serial Presence Detect Hub (SPD Hub), comprise a complete chipset offering to enable memory modules for AI PC notebooks, desktops and workstations. Further, with the addition of these new PMICs, Rambus now offers complete memory interface chipsets for all JEDEC standard DDR5 and LPDDR5 memory modules for both servers and clients. Reported Earnings • Apr 29
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$0.56 (up from US$0.30 in 1Q 2024). Revenue: US$166.7m (up 41% from 1Q 2024). Net income: US$60.3m (up 83% from 1Q 2024). Profit margin: 36% (up from 28% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Annonce • Apr 29
Rambus Inc. Provides Earnings Guidance for the Second Quarter of 2025 Rambus Inc. provided earnings guidance for the second quarter of 2025. For the quarter, the company expects GAAP product revenue to be between $77 million to $83 million and contract and other revenue to be between $17 million to $23 million. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$50.94, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Semiconductor industry in the US. Total returns to shareholders of 100% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$65.21 per share. Annonce • Apr 08
Rambus Inc. to Report Q1, 2025 Results on Apr 28, 2025 Rambus Inc. announced that they will report Q1, 2025 results on Apr 28, 2025 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$46.15, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Semiconductor industry in the US. Total returns to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$65.05 per share. Buy Or Sell Opportunity • Mar 27
Now 20% undervalued Over the last 90 days, the stock has risen 2.2% to US$55.44. The fair value is estimated to be US$69.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 76%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Recent Insider Transactions Derivative • Mar 16
Senior VP notifies of intention to sell stock John Shinn intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of March. If the sale is conducted around the recent share price of US$52.98, it would amount to US$404k. Since March 2024, John's direct individual holding has increased from 2.46k shares to 15.27k. Company insiders have collectively sold US$5.0m more than they bought, via options and on-market transactions in the last 12 months. Annonce • Mar 11
Rambus Inc. Enhances Data Center and AI Protection with Next-Gen CryptoManager Security IP Solutions Rambus Inc. announced the introduction of its next-generation CryptoManager Security IP solutions including Root of Trust, Hub and Core families. The CryptoManager Security IP offerings deliver progressively higher levels of functional integration and security, enabling customers to choose the level of security features and capabilities best suited to their unique requirements. The CryptoManager Root of Trust delivers a fully-turnkey solution and offers the industry's first Quantum Safe boot flow. The CryptoManager Hub provides the ideal combination of proven cryptographic building blocks for customers designing their own root of trust or secure processor. With support for a broad set of security functionality and certifications, Rambus CryptoManager Security IP solutions help customers accelerate the time to market of chips for the data center, AI and other advanced applications. CryptoManager Security IP solutions include: CryptoManager Root of Trust products offer fully programmable security processor functionality including multithreading and multi-host capabilities. A complete turnkey solution, the CryptoManager Root of Trust family represents the highest level of security integration with advanced anti-tamper and Quantum Safe protection for boot and HW acceleration. CryptoManager Hub products are the ultimate solution for customers looking to build their own Root of Trust or security processor, ensuring unparalleled protection and performance. CryptoManager Hub products feature a suite of symmetric, asymmetric, and Quantum Safe cryptographic accelerators along with certified true random number generators designed to meet the highest security standards for a broad set of applications. CryptoManager Core products are a suite of symmetric cryptographic accelerators designed to provide unmatched flexibility for customers building their own Root of Trust solutions. Buy Or Sell Opportunity • Feb 25
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at US$57.43. The fair value is estimated to be US$72.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 76%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Annonce • Feb 25
Rambus Inc., Annual General Meeting, Apr 25, 2025 Rambus Inc., Annual General Meeting, Apr 25, 2025. Recent Insider Transactions • Feb 20
Senior VP & COO recently sold US$3.6m worth of stock On the 19th of February, Xianzhi Fan sold around 52k shares on-market at roughly US$68.02 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Xianzhi's only on-market trade for the last 12 months. Price Target Changed • Feb 04
Price target increased by 10.0% to US$73.13 Up from US$66.50, the current price target is an average from 8 analysts. New target price is 13% above last closing price of US$64.44. Stock is up 17% over the past year. The company is forecast to post earnings per share of US$2.09 for next year compared to US$1.67 last year. 
