Rambus (RMBS) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this memory chip designer have returned +7.9%, compared to the Zacks S&P 500 composite's +4.4% change. During this period, the Zacks Electronics - Semiconductors industry, which Rambus falls in, has gained 4.9%. The key question now is: What could be the stock's future dire ...

In the latest market close, Rambus (RMBS) reached $63.40, with a +1.41% movement compared to the previous day. This change outpaced the S&P 500's 1.12% gain on the day. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 1.54%.Coming into today, shares of the memory chip designer had gained 7.72% in the past month. In that same time, the Computer and Technology sector lost 0.4%, while the S&P 500 gained 2.06%.Investors will be eagerly watching for the performance of Rambus in its upcoming ear ...

SAN JOSE, Calif.--(BUSINESS WIRE)--Rambus Inc. (NASDAQ: RMBS), a premier chip and silicon IP provider making data faster and safer, today announced that it initiated an accelerated share repurchase program with Royal Bank of Canada, through its agent RBC Capital Markets, LLC (“Dealer”) to repurchase an aggregate of approximately $50 million of its common stock. “ As part of our ongoing capital allocation strategy and commitment to increasing stockholder value, this share repurchase program reflects the str ...

Rambus (RMBS) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this memory chip designer have returned -19.3%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Electronics - Semiconductors industry, which Rambus falls in, has gained 4.5%. The key question now is: What could be the stock's future direction?Although media r ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Rambus (RMBS) .Rambus currently has an average brokerage recommendation (A ...

Table of Contents SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________ FORM 10-K ________________________________________ (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES RAMBUS INC. (Exact name of registrant as specified in its charter) ___________________________ ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Rambus (RMBS) .Rambus currently has an average brokerage recommendation (A ...

Shares of Rambus (RMBS -18.53%) are down 19.2% as of 2:45 p.m. ET Tuesday after the chip interface technologies specialist announced weaker-than-expected quarterly results.Rambus was pleased with its "strong" quarterRambus' fourth-quarter 2023 revenue fell slightly on a year-over-year basis to $122.2 million, as a 67% increase in royalties revenue (to $52.4 million) was more than offset by declines in product (down 20% to $53.7 million) and contract revenue (down 32.4% to $16.1 million). On the bottom line ...

Financial Data and Key Metrics - Q4 product revenue was $53.7 million, primarily from memory interface chips, while contract and other revenue was $16.1 million, predominantly from silicon IP [3] - Total operating costs for the quarter, including cost of goods sold, were $71.9 million [3] - The company ended the quarter with cash, cash equivalents, and marketable securities totaling $425.8 million, up from Q3 due to strong cash from operations of $54.8 million [4] - Contract assets at the end of Q4 were $55.3 million, reflecting the net present value of unbilled accounts receivables related to licensing agreements [4] - Non-GAAP net income for the quarter was $41.2 million, with a pro forma tax rate of 22%, down from 24% in 2023 due to increased profitability of the product business [6][73] Business Line Data and Key Metrics - Memory interface chips continued to perform well, with DDR5 adoption accelerating despite a decline in traditional server markets [32] - The company shipped its first Gen4 DDR5 RCD chip in December, enabling server DIMM operations at 7,200 MT/s [50] - Silicon IP revenue was approximately $110 million after adjusting for the PHY divestiture, with a focus on HBM, GDDR, PCIe, and CXL controller IP [60][79] - The company has sampled its PMIC (power management integrated circuit) to customers and received positive feedback, with shipments expected to increase in the second half of the year [48] Market Data and Key Metrics - The company estimates its DDR5 market share to be above 35%, approaching 40%, while its overall blended share in 2023 was about 30% [64] - The traditional server market declined low double digits in 2023, but the company expects mid-single-digit growth in 2024, driven by server refresh cycles [41] - The company is well-positioned for the DDR5 transition, with multiple generations of DDR5 solutions progressing through qualification and production life cycles [77] Company Strategy and Industry Competition - The company is focused on delivering DDR5 leadership products and expanding its memory interface chip portfolio, including companion chips for server modules [50][72] - The company has extended licensing agreements with SK Hynix and Samsung, demonstrating the strength of its patent portfolio and innovation engine [35] - The company is investing in AI inference applications, particularly for high-performance client systems, as the industry moves beyond AI training [29] Management Commentary on Operating Environment and Future Outlook - Management highlighted the importance of AI and compute-intensive workloads in driving demand for computing and memory infrastructure [1] - The company expects the softness in the traditional server market to persist into the first half of 2024 but remains positive on the long-term outlook for DDR5 [77] - Management emphasized the company's strong balance sheet, cash generation, and ability to drive shareholder value [8][61] Other Important Information - The company adopted ASC 606 in 2018 and continues to provide operational metrics such as licensing billings to give investors better insight into operational performance [5][30] - Q4 CapEx was $5.7 million, with depreciation expense of $6.1 million, and the company delivered $49.2 million in free cash flow [39] Q&A Session Summary Question: DDR5 Revenue and Market Share - The company addressed concerns about DDR5 revenue being down sequentially in Q1, attributing it to lumpiness in customer demand and the transition from DDR4 to DDR5 [80] - Management reiterated confidence in maintaining a 40%-50% market share for DDR5 RCD chips [80] Question: Companion Chip Revenue Timing - The company expects to see material companion chip revenue in the second half of 2024, with shipments increasing as DDR5 Gen2 products ramp up [81] Question: Inventory Levels and DDR5 RCD - The company has increased inventory levels to support multiple generations of DDR5, with strategic inventory held to meet customer needs [82] Question: Companion Chip Qualification Update - The company has started shipping companion chips in low volumes and expects to increase shipments in the second half of 2024 as qualifications are completed [86] Question: DDR5 Transition and Market Dynamics - The company discussed the physical limitations of current architectures, with the industry converging on 12 channels and 2 DIMMs per channel for DDR5 [21][66] - Higher DRAM density is seen as a positive trend, driving demand for higher capacity and bandwidth servers [67]

Rambus (RMBS) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.44%. A quarter ago, it was expected that this memory chip designer would post earnings of $0.41 per share when it actually produced earnings of $0.43, delivering a surprise of 4.88%.Over the last four quarters, the compan ...