Silicon Investor - Rambus (RMBS) - Eagle or Penguin

[Elroy] It's going to take someone more knowledgeable than me to explain why the share p...

Elroy — 7/30/2024 9:27:33 AM

It's going to take someone more knowledgeable than me to explain why the share price is down on this news.....

Rambus Reports Second Quarter 2024 Financial Results

Delivered $56.7 million in product revenue, up 13% sequentially

The Company also generated $70.4 million in cash provided by operating activities in the second quarter.

They are guiding product revenue up about 15% sequentially. To me, that seems fantastic. Not sure what the market is expecting. The are guiding license billings up about 5% sequentially, and contract revenue about flat sequentially.

It's hard to decipher these guys earnings releases as they have royalty revenue, license billings (whatever that is), product revenue (semi chips, I assume) and contract revenue (whatever that is).

[Elroy] Never mind, the press release says 2pm Pacific time, so it's after market close ...

Elroy — 7/29/2024 11:09:06 AM

Never mind, the press release says 2pm Pacific time, so it's after market close today.

Got it!

Damn, not many people pay attention to RMBS it seems. This board is quiet.

[Elroy] RMBS has a press release on their web site that says they will hold a call at 2p...

Elroy — 7/29/2024 9:07:31 AM

RMBS has a press release on their web site that says they will hold a call at 2pm today to discuss Q2 earnings results.

finance.yahoo.com

But there's no mention in that press release about at what time they will release the press release.

Seems odd.

Do they release results mid day while the market is open?

[Doug M.] Rambus has announced the availability of its new family of state-of-the-art DDR5...

Doug M. — 6/27/2024 1:53:31 PM

Rambus has announced the availability of its new family of state-of-the-art DDR5 server
Power Management ICs (PMICs), including an industry-leading extreme current device
for high-performance applications.

June 27, 2024

Rambus offers DDR5 server PMICs to address AI workloads ... (eenewseurope.com)

[Doug M.] << This was close, but Rambus got here first: New 7200 MT/s RCD Supports Amb...

Doug M. — 6/27/2024 1:09:33 PM

<< This was close, but Rambus got here first:

New 7200 MT/s RCD Supports Ambitious Server Roadmap - Rambus >>

Correction, when I wrote that I thought I remembered reading that Renesas
was sampling the 7200 MT/s RCD. But I can't find anything that says
that right now. So Rambus is ahead there. Although, the data center
market isn't up to 7200 MT/s, it's moving fast and it's very good to
be the leader there if you're a Rambus shareholder.

Here's some good extra info on the current RCD market:

New Info on Companion Chips Market | RMBS Message Board Posts (investorvillage.com)

[Doug M.] Renesas is second to Rambus in the RDIMM RCDs at 6400 MT/s | RMBS Message Board ...

Doug M. — 6/27/2024 12:41:06 PM

Renesas is second to Rambus in the RDIMM RCDs at 6400 MT/s | RMBS Message Board Posts (investorvillage.com)

This was close, but Rambus got here first:

New 7200 MT/s RCD Supports Ambitious Server Roadmap - Rambus

Also, if you click on the link of the press release, you'll see that Rambus'
announcement here said "available today."

News | RMBS Message Board Posts (investorvillage.com)

I can't find any Renesas blog or press release where they say that they're at
least sampling DDR5 RCDs at 7200 MT/s. They've announced client clock
drivers (CKDs) at that speed, but that's at speeds at or above 6400 MT/s.
And we're not there yet.

But we're not at 7200 MT/s for server RCDs yet either - but it's very good
to see Rambus leading the pack for the lucrative and fast moving data
center market.

[Doug M.] Good question - the answer is that many Renesas people left Renesas for Rambus. ...

Doug M. — 6/27/2024 12:37:08 PM

Good question - the answer is that many Renesas people left Renesas for Rambus.
Rambus has built an excellent buffer chip team from Renesas - as well as from
their Inphi acquisition about six years ago - as well as internally.

Things changed somewhat there after IDT was sold to Renesas. Also, it's very good
for Rambus to be the only US supplier in the critical buffer / companion chip business.
The bottom line is that the datacenter won't work without the RCDs that go into the DIMMs -
and with a 40% market share (which Rambus has been repeatedly reiterating), Rambus plays
a critical role in the data center market.

Here's some examples of the moves from IDT / Renesas to Rambus. I

Sean Fan - Rambus

(24) Rami Sethi | LinkedIn

(24) Sam Patel | LinkedIn

(24) Yue Yu | LinkedIn

(24) Al Fang | LinkedIn

24 Year Director at IDT joined Rambus as VP of Engineering | RMBS Message Board Posts (investorvillage.com)

VP of Engineering | RMBS Message Board Posts (investorvillage.com)

(24) Rex REN | LinkedIn

And the fact that they keep on coming is a good sign - I know that Rambus is
expanding in Atlanta:

(24) Steven Finn | LinkedIn

PS: I could probably find more but the above is a good illustration.

[Elroy] Thanks for the info. One last Q - I've read (or been told) that Renesas Electro...

Elroy — 6/27/2024 11:45:18 AM

Thanks for the info.

One last Q - I've read (or been told) that Renesas Electronics is RMBS's big competitor. Is that so? Is one or the other in a stronger position? Any idea?

[Doug M.] Elroy, yes, there's a very positive mood for HBM - I just listened to Micron's c...

Doug M. — 6/27/2024 11:01:24 AM

Elroy, yes, there's a very positive mood for HBM - I just listened to Micron's conference call and there's a
lot of fanfare about HBM and its future products like HBM4e towards the end of the decade.

Rambus definitely makes money on their HBM IP, but not as much as people thought - including me.
But, don't get me wrong, it's an important growth driver for Rambus and it's great for them to be in
the middle of all of this major HBM growth cycle driven by Nvidia and the companies who are trying
to catch up to them.

The revenue that Rambus collects from their HBM controllers shows up in their silicon IP business.
From the products alone that business is about $115 million annually - add in the fixed fee patent
portion of that and their annual contribution of silicon IP is about $200 million. The fixed fee
patent portion is really important because both Samsung and Hynix signed up for a decade
about 2 years ago. Micron is due for renewal as well and they should sign up before the
year is out. In aggregate, that business is about $220 million and stable because it's fixed fee.
But it provides a lot of excellent cash flow for Rambus to work with their customers on the
many complex problems that the industry needs for things like HBM growth, GDDR6 and
beyond, memory modules, CXL, etc.

The good thing for Rambus shareholders is that we've been told many times that the silicon IP
business should grow at 10% to 15% annually. So, everything Rambus does with HBM controllers
(as well as GDDR6 controllers, PCIe, CXL, etc) shows up in their silicon IP revenue - here they are:

Interface IP - Rambus

The good thing is that this should grow like clockwork because there's so much business that Rambus
has expertise in for these areas - just check here for HBM3e:

HBM3E: Everything You Need to Know - Rambus

That's not the only area of growth for Rambus - this below is doing quite well too and Rambus expects
to have 40% market share in the DDR5 market for their registered clock drivers and a 20%
share for their companion chips - right now the TAMs for those markets is about $750 million
and $600 million respectively and growing. The companion chips will grow even more when
the AI PC proliferates and the memory modules will need these chips at and above 6,400 MT/s
(PMIC, SPD hub and temperature sensors) for the memory modules.

Memory Interface Chips - Rambus

Also, Rambus is thinking big about the PMIC market as it relates to memory - and the buffer (RCD)
market too - we can see in Rambus HBM patents that buffers will be needed for the communication
between logic and memory.

And lastly there's this - Rambus has already prototyped a sophisticated controller chip - but
this won't be an important growth driver until CXL 3.0 comes out in the 2026 timeframe and
forward. It's really a 2027 plus growth opportunity. But Micron (and many others) think that
CXL can be a big deal to help optimize the data center:

CXL Memory Initiative - Rambus

Rambus' Larry Carr is on the board of directors and he's also the president. I think that's
because Rambus' expertise in serial attached memory goes back decades:

Homepage - Compute Express Link

[Elroy] Thanks for all those links. It sounds like RMBS is perhaps deeply involved with...

Elroy — 6/27/2024 7:30:32 AM

Thanks for all those links. It sounds like RMBS is perhaps deeply involved with SK's HBM efforts.

Someone else told me that RMBS today is mostly involved with DDR4 and 5 chips, and HBM is a secondary area for them, one which is not yet major. Does that sounds correct?

I'm wondering why - since there is so much positive mood around anything HBM - RMBS is trading at a stratospheric valuation?

[Doug M.] This one might even be better - it also looks like Rambus has improved on Hynix'...

Doug M. — 6/26/2024 12:09:50 PM

This one might even be better - it also looks like Rambus has improved on Hynix's heat dissipation
structure:

US20220076714A1 - Methods and Circuits for Streaming Data to Processing Elements in Stacked Processor-Plus-Memory Architecture - Google Patents

<<Thermal management is a serious challenge for this type of design given the high power consumption of both the memory and logic processors. According to experts, intense cooling methods will be needed to support the interface and could take several generations to perfect.>>

SK Hynix Wants to Put Memory and Logic Semiconductors on One Die for HBM4 (sourceability.com)

This is one of the citations in the above patent that was granted a few months ago:

US20210005527A1 - Stacked semiconductor package having heat dissipation structure - Google Patents

[Doug M.] Rambus is always thinking ahead in memory advancements as seen here: EP3999953A...

Doug M. — 6/26/2024 11:49:21 AM

Rambus is always thinking ahead in memory advancements as seen here:

EP3999953A1 - Compute accelerated stacked memory - Google Patents

Here's Hynix:

SK Hynix Wants to Put Memory and Logic Semiconductors on One Die for HBM4 (sourceability.com)

[Doug M.] <
Doug M. — 6/26/2024 11:20:03 AM
<<According to industry insiders cited by South Korean media outlet ET News, SK Hynix plans to enhance HBM with new capabilities, including computation, caching, and network memory. To support this development, SK Hynix has already invested in securing essential Intellectual Property (IP).>>

10 year agreement - it wouldn't be so long unless Hynix really needed Rambus' IP.

Rambus and SK hynix Extend Comprehensive License Agreement
Agreement extended by ten years to 2034, enabling long-term collaboration on products and broad access to Rambus innovations

SAN JOSE, Calif. – April 4, 2023 – Rambus Inc. (NASDAQ: RMBS), a premier chip and silicon IP provider making data faster and safer, today announced it has extended its comprehensive patent license agreement with SK hynix, a world leader in advanced semiconductor technology, for an additional ten years. Effective July 1, 2024, the extension maintains similar financial terms and provides SK hynix with broad access to the full Rambus patent portfolio through mid 2034. Other terms and details are confidential.

Rambus and SK hynix Extend Comprehensive License Agreement - Rambus

Here's more:

HBM3E: Everything You Need to Know - Rambus

And this is important for the future - I'll try to look up some specific Rambus IP on this:

I posted this a couple of weeks ago when listening to the Bank of America analyst conference:

Luc - Rambus is working with "leading" companies with HBM4 | RMBS Message Board Posts (investorvillage.com)

[hdl] in the end i've made megabucks on rmbs

hdl — 6/4/2024 9:01:47 AM

[Elroy] Anybody understand how RMBS fits into this story?? SK Hynix races ahead in ...

Elroy — 6/3/2024 8:41:14 AM

Anybody understand how RMBS fits into this story??

SK Hynix races ahead in HBM with next-gen innovation

digitimes.com

SK Hynix is swiftly advancing in the High-Bandwidth Memory (HBM) arena, aiming to develop next-generation HBM that incorporates computing, communication, and other advanced functions. This strategic move is designed to leverage differentiated technologies, further extending its lead over competitors.

According to industry insiders cited by South Korean media outlet ET News, SK Hynix plans to enhance HBM with new capabilities, including computation, caching, and network memory. To support this development, SK Hynix has already invested in securing essential Intellectual Property (IP).

By 2025, SK Hynix targets the rollout of its sixth-generation HBM (HBM4), featuring integrated system semiconductors such as memory controllers. From the seventh generation (HBM4E) onwards, SK Hynix plans to embed computing, caching, and network memory functions.

Traditionally, memory controllers managing HBM functions are installed separately. SK Hynix intends to place the memory controller at the bottom layer of the HBM stack using a base die, which will enhance power efficiency and signal transmission speed by integrating the controller within the HBM.

Furthermore, SK Hynix is exploring the optimization of HBM by adding computing, caching, and networking capabilities, potentially embedding some GPU or CPU functions within HBM.

Sources indicate that the inclusion of caching and network memory aims to boost AI semiconductor computational speed. These enhancements are expected to be customized based on specific customer requirements.

Currently, AI chips typically position the GPU at the center, surrounded by HBM, with system semiconductors such as memory controllers added separately. This configuration can lead to signal transmission delays and higher power consumption due to inter-chip gaps.

Integrating various system semiconductor functions within HBM is anticipated to lower latency, reduce power consumption, and enhance overall spatial efficiency, resulting in more compact and efficient designs. With Samsung Electronics and Micron entering the HBM market, SK Hynix aims to sustain its market leadership through a differentiation strategy.

SK Hynix has reportedly secured several system semiconductor IPs for HBM. The manufacturing of the base die will be outsourced to wafer foundries like TSMC. SK Hynix also plans to leverage relevant IP from IC design clients and wafer foundry partners to bolster its offerings.

[Elroy] I've bought a bit of RMBS recently. Anyone here? Can anyone give a high level ...

Elroy — 2/18/2024 9:11:28 AM

I've bought a bit of RMBS recently.

Anyone here? Can anyone give a high level view of RMBS, and what are the current (2024) concerns?

[Doug M.] Good - ChatGPT isn't good at strategic thinking yet. If it was it would say tha...

Doug M. — 4/25/2023 7:53:18 PM

Good - ChatGPT isn't good at strategic thinking yet.

If it was it would say that many talented strategic thinkers came
over to Rambus from a much larger company called Microchip
to work on CXL technology. Here's just one:

Important Keynote at the Upcoming Memcon | RMBS Message Board Posts (investorvillage.com)

And if ChatGPT was so smart, it would mention that a Rambus
employee is on the CXL board - and that's no small feat. ChaGPT
should say that this is a sign of good things to come for Rambus in
CXL. If not, don't invite Larry Carr to this esteemed board:

Meet the Board (computeexpresslink.org)

Also, if ChatGPT was so smart, it would say that Micron is calling
for CXL to be about a $20 billion industry by 2030 - up from zero today.
ChatGPT should also say that Rambus has one of the best all around
foundations for CXL in the industry - memory interface expertise
(particularly serial), SerDes expertise, silicon security expertise, etc.
Noone else has all of that - and that's why many Microchip Tech
people came over to Rambus.

I'm glad that ChatGPT isn't as good of a thinker as some say - at least
not yet. If I wait another 19 years to post here (assuming that I can),
maybe ChatGPT will be smart enough then.
If some consider smart is regurgitating from textbooks, etc. I certainly don't.

[Don Green] I asked ChatGPT Is Rambus a good technology Rambus is a technology company t...

Don Green — 3/31/2023 11:44:29 AM

I asked ChatGPT

Is Rambus a good technology

Rambus is a technology company that designs and licenses high-speed memory and interface technologies for use in a wide range of electronic devices, such as computers, servers, and mobile devices.

The quality and effectiveness of Rambus technology depends on a variety of factors, such as the specific application, the compatibility with other hardware and software components, and the level of adoption and support within the industry.

Rambus has developed a range of memory and interface technologies over the years, including RDRAM, XDR DRAM, and GDDR6. These technologies have been used in various products and applications, such as gaming consoles, high-performance computing systems, and networking equipment.

Overall, Rambus technology can be effective and valuable for certain applications and use cases, but it is not universally considered to be a "good" technology for all purposes. Like any technology, it has its strengths and weaknesses, and its usefulness depends on the specific requirements and constraints of the system or application it is being used in.

[Don Green] Chart of the Day: Rambus - Semiconductors for the World The Chart of the Day be...

Don Green — 11/15/2022 11:43:12 AM

Chart of the Day: Rambus - Semiconductors for the World

The Chart of the Day belongs to the semiconductor company Rambus (RMBS). I found the stock by sorting the Russell 3000 Index stocks first by the most frequent number of new highs in the last month and having a Trend Spotter buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker first signaled a buy on 10/5 the stock gained 46.79%.

RMBS Price vs Daily Moving Averages

Rambus Inc. provides semiconductor products in the United States, Taiwan, South Korea, Japan, Europe, Canada, Singapore, China, and internationally. The company offers DDR memory interface chips, including DDR5, DDR4 and DDR3 memory interface chips to module manufacturers and OEMs; silicon IP comprising, interface and security IP solutions that move and protect data in advanced applications; and physical interface and digital controller IP to offer industry-leading, integrated memory and interconnect subsystems. It also provides a portfolio of patents that covers memory architecture, high-speed serial links, and security products. The company markets its products and services through its direct sales force and distributors. Rambus Inc. was incorporated in 1990 and is headquartered in San Jose, California.

Source: Yahoo Finance

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:100% technical buy signals59.90+ Weighted Alpha58.17% loss in the last yearTrend Seeker buy signalAbove its 20, 50 and 100 day moving averages18 new highs and up 46.79% in the last monthRelative Strength Index 85.94%Recently traded at $37.66 with 50 day moving average of $28.40Fundamental factors:Market Cap $4.03 billionP/E 25.66Revenue expected to grow 24.90% this year and another 5.10% next yearEarnings estimated to increase 26.80% this year and decrease .60% next year and continue to compound an annual rate 12.08% for the next 5 yearsAnalysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

Wall Street analysts have 3 strong buy and a hold opinion in place on this stockAnalysts have price targets from $32.00 to $45.00 with an average of $36.40The individual investors following the stock on Motley Fool voted 419 to 88 for the stock to beat the market with more experienced investors voting 52 to 13 for the same result8,100 investors are monitoring this stock on Seeking Alpha

[Don Green] Rambus set to benefit as Intel's Ice Lake chips move to volume rollout - Wells F...

Don Green — 1/12/2021 11:28:08 AM

Rambus set to benefit as Intel's Ice Lake chips move to volume rollout - Wells Fargo
Jan. 12, 2021 10:25 AM ET Rambus Inc. (RMBS) By: Jason Aycock, SA News Editor

Rambus ( RMBS +1.2%) is set to benefit from Intel's ( INTC +2.7%) confirmation of "volume production" for its next-generation server processors, Wells Fargo says.Assuming that Intel is truly ramping up on the 10nm processors (Ice Lake 3rd Generation Xeon Scalable), Rambus should be the beneficiary because Rambus should have more DDR4 buffer chip market share associated with Ice Lake; and Ice Lake's eight memory channels vs. the six of previous generations means an ASP boost for Rambus - with an opportunity to sell 33% more buffers per server chip, analyst Gary Mobley says.Not all customers will use all eight memory channels, he notes.He also points out DDR5 is the next big product cycle for Rambus' buffer chips, and it will mean another ASP boost (as a three-die solution vs. two-die for DDR4). That's set to roll in very late in 2021 and into the next year, he says.Shares are up 10% over the past five days.

[Don Green] Rambus pays $65M for Verimatrix units Sep. 11, 2019 4:47 PM ET|About: Rambus In...

Don Green — 9/11/2019 4:57:55 PM

Rambus pays $65M for Verimatrix units
Sep. 11, 2019 4:47 PM ET|About: Rambus Inc. (RMBS)|By: Brandy Betz,

Rambus (NASDAQ: RMBS) signs an agreement to acquire the Silicon IP and Secure Protocols business of Verimatrix.

Rambus will pay $65M in cash.

The parties entered into an exclusivity agreement on September 3. Rambus expects the deal to close before the end of the year.

[Don Green] Rambus plans new California HQ Jul. 10, 2019 4:37 PM ET|About: Rambus Inc. (RMB...

Don Green — 7/10/2019 4:47:01 PM

Rambus plans new California HQ
Jul. 10, 2019 4:37 PM ET|About: Rambus Inc. (RMBS)|By: Brandy Betz, SA News Editor
Rambus (NASDAQ: RMBS) enters into a definitive triple net space lease agreement for a new headquarters in San Jose.

The 90,000 square foot office will include engineering, marketing, and administrative roles.

The company expects to move into the location next summer, which is also when the lease on the current HQ expires.

[Don Green] • Rambus (NASDAQ: RMBS) unveils the Vaultify Trade platform for the secure stor...

Don Green — 10/22/2018 10:13:53 AM

• Rambus (NASDAQ: RMBS) unveils the Vaultify Trade platform for the secure storage and transfer of crypto and digital assets.

• The platform uses bank-grade, field-deployed tokenization, and encryption technology.

• Rambus shares are up 2.7% premarket to $8.89

[Don Green] Insider Selling: Rambus, Inc. (NASDAQ:RMBS) Director Sells 1,703 Shares of Sto...

Don Green — 7/11/2017 12:50:02 PM

Insider Selling: Rambus, Inc. (NASDAQ:RMBS)

Director Sells 1,703 Shares of Stock
July 10th, 2017 • 0 comments • Filed Under • by ABMN Staff

Rambus, Inc. (NASDAQ:RMBS) Director Ellis Thomas Fisher sold 1,703 shares of the stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $12.50, for a total value of $21,287.50. Following the completion of the sale, the director now directly owns 24,789 shares of the company’s stock, valued at $309,862.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Rambus, Inc. ( NASDAQ RMBS) traded up 2.17% during midday trading on Monday, hitting $12.72. The stock had a trading volume of 3,048,574 shares. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 181.71 and a beta of 0.87. The firm has a 50-day moving average price of $12.00 and a 200-day moving average price of $12.86. Rambus, Inc. has a 1-year low of $11.30 and a 1-year high of $14.50.

Rambus (NASDAQ:RMBS) last posted its earnings results on Monday, April 24th. The semiconductor company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $97.40 million for the quarter, compared to analyst estimates of $95.52 million. Rambus had a return on equity of 9.70% and a net margin of 2.20%. The firm’s revenue was up 34.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 EPS. On average, equities research analysts anticipate that Rambus, Inc. will post $0.62 earnings per share for the current year.

Several equities research analysts have recently weighed in on the company. BidaskClub cut Rambus from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 20th. TheStreet cut Rambus from a “b-” rating to a “c+” rating in a research report on Friday, June 16th. Jefferies Group LLC reissued a “hold” rating and issued a $13.50 price objective on shares of Rambus in a research report on Tuesday, April 25th. Finally, Zacks Investment Research cut Rambus from a “hold” rating to a “sell” rating in a research report on Saturday, April 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $15.00.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Paloma Partners Management Co acquired a new position in Rambus during the first quarter worth $1,026,000. State Street Corp raised its position in Rambus by 8.6% in the first quarter. State Street Corp now owns 2,964,695 shares of the semiconductor company’s stock worth $38,956,000 after buying an additional 233,572 shares during the last quarter. Bank of America Corp DE raised its position in Rambus by 58.0% in the first quarter. Bank of America Corp DE now owns 375,698 shares of the semiconductor company’s stock worth $4,937,000 after buying an additional 137,978 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Rambus by 8.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 446,331 shares of the semiconductor company’s stock worth $5,865,000 after buying an additional 36,097 shares during the last quarter. Finally, KCG Holdings Inc. raised its position in Rambus by 18.6% in the first quarter. KCG Holdings Inc. now owns 72,435 shares of the semiconductor company’s stock worth $952,000 after buying an additional 11,335 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

americanbankingnews.com

[Don Green] - July 7, 2017 1:33 PM EDT) Rambus (NASDAQ: RMBS) is exploring a sale of the c...

Don Green — 7/7/2017 1:45:23 PM

- July 7, 2017 1:33 PM EDT)

Rambus (NASDAQ: RMBS) is exploring a sale of the company and has hired a financial advisor to assist it, Bloomberg reported citing familiar with the matter.

No final decision on a sale has been made and the company could choose to go another route, the report added.

A representative for Rambus declined to comment to Bloomberg

============================================
Thursday, 06 July 2017 17:15 (EST)
Market Summary Follow

Rambus Inc. is a A technology solutions company

Last Price$ 12.29	Last TradeJul/07 - 13:41
Change$ 0.96	Change Percent8.47 %
Open$ 11.36	Prev Close$ 11.33
High$ 12.98	low$ 11.35
52 Week High$ 14.50	52 Week Low$ 11.30
Market Cap1,373,154,916	PE Ratio2.28
Volume1,633,895	ExchangeNGS

RMBS - Market Data & News

RMBS - Stock Valuation Report

TradeShares of Rambus Inc. ( RMBS) sank into a new 52-week low yesterday, and could be a company to watch at the open. The company’s stock fell to as low as $11.30 yesterday after opening at $11.30. By the closing bell, the company's stock was at $11.33 a share for a loss of 0.87%.

While no company wants to see their stocks fall into a new 52-week low, opportune investors may have reason to celebrate. Bullish investors with a healthy tolerance for risk may view this as a chance to buy stocks as distressed prices before a bounce back. With that said, whenever a stock falls into new negative territory, there usually is a compelling reason for it. Investors bearish on the stock might see the stock reaching its lowest price in a year as a sign of growing downward momentum and take it as a good reason to sell their shares. Bulls, though, could likely see a new 52-week low as the stock hitting its low point and anticipate a recovery in the share price.

Rambus Inc. saw 802,281 shares of its stock trade hands, that's out of 111.73 million shares outstand. The stock has an average daily volume of 720,593 shares. After hitting a new 52-week low, Rambus Inc. enters the new trading day with a market cap of 1.27 billion, a 50-day SMA of $12.10 and a 200-day SMA of $12.76

Rambus Inc. now has a P/E ratio of 163.3.

[Don Green] Rambus Inc. (NASDAQ:RMBS) saw a large growth in short interest during the month ...

Don Green — 5/26/2017 11:22:08 AM

Rambus Inc. (NASDAQ:RMBS) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 8,939,334 shares, a growth of 38.1% from the April 28th total of 6,473,519 shares. Currently, 8.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,403,705 shares, the days-to-cover ratio is presently 6.4 days.

https://www.americanbankingnews.com/2017/05/26/rambus-inc-rmbs-sees-significant-growth-in-short-interest.html

[Don Green] Why Rambus Inc. Fell More Than 25% TuesdaySoft Q3 results, weak next-quarter gui...

Don Green — 10/20/2015 7:49:39 PM

Why Rambus Inc. Fell More Than 25% TuesdaySoft Q3 results, weak next-quarter guidance, a panic-flavored headcount reduction, and major business deals going south.hat more could go wrong?

PHOTO: RAMBUS.

What: Shares of Rambus ( NASDAQ:RMBS) fell as much as 26% on Tuesday, following the technology licensing vendor's release of third-quarter results.

So what: The report itself was a fairly mild disappointment. Sales rose 6% year over year to $73.8 million, falling short of Wall Street's $76.2 million consensus target. On the bottom line, adjusted earnings rose 8% to $0.14 per share, just a penny below the analyst view. By themselves, these results might have resulted in a moderate share price drop but hardly a 25% rout.

But Rambus followed up with fourth-quarter revenue guidance of approximately $74 million, once again far below the Street's $83.5 million consensus. And even this weak forecast comes with a big caveat: "Achieving revenue in this range will require that the Company sign new customer agreements for patent and solutions licensing among other matters," said the company.

These future achievements are far from guaranteed, and Rambus may very well miss its own meek revenue target in the fourth quarter.

Now what: And if that weren't enough, Rambus also took this opportunity to announce a large-scale headcount reduction. The company's payroll will shrink by 8% over the next two quarters, yielding annual cost savings of roughly $10 million.

Furthermore, CEO Ronald Black took time out in the earnings call to cover a couple of serious business setbacks. "One of the larger, more complex licensing and broad partnership agreements we were negotiating in our security business has stalled, and at this point we are unlikely to see it close," Black said. Furthermore, technical issues with a new memory technology led to missing the product qualification window for another large customer.

On the upside, Rambus recently signed a royalty-bearing license agreement with IBM (NYSE: IBM), covering the rights to use Rambus' high-speed memory and serial data link technologies.

As of Monday night, Rambus shares had climbed 36% higher over the previous 52 weeks. After Tuesday's drastic plunge, the stock is trading slightly down year over year and 34% below the 52-week highs it reached in June. The stock could still fall much lower, as it floats atop a P/E ratio of 41 times trailing earnings. The forward P/E ratio is a much more affordable 15 times current estimates, but we'll see how long that lasts when analysts start adjusting their earnings targets based on the new Rambus guidance.

With or without the IBM deal, Rambus still strikes me as one of the riskiest stocks on the market. Personally, I wouldn't touch this ticker with a 10-foot memory stick.

[Don Green] Rambus getting hammered?

Don Green — 10/20/2015 11:10:21 AM

[hdl] this thread is dead.

hdl — 4/22/2014 1:27:47 PM

[hdl] rmbs over $12/share

hdl — 4/17/2014 5:54:02 PM

[hdl] marketwatch.com

hdl — 3/23/2014 10:42:12 PM

[Don Green] Good post, thanks for taking the time. So RMBS won in the courts but not at th...

Don Green — 12/12/2013 10:02:03 AM

Good post, thanks for taking the time.

So RMBS won in the courts but not at the payout window.

Thanks Again

Don

[hdl] a guy with a newsletter and a fund was talking pps of $100- $1000. he died. a f...

hdl — 12/12/2013 8:12:34 AM

a guy with a newsletter and a fund was talking pps of $100- $1000. he died.

a few guys were talking about 3%-5% royalties - covering past infringement and future licenses. but supposedly u s courts could not award enforceable world wide royalties. and a lot was outside u s - and an even higher % could be claimed or manipulated to be outside u s a.

those negative on rmbs - said it was a patent troll, it was hated, it was crooked, it spoliated documents, it tricked jedec, it was asking for too much in royalties, it was litigious, its ip was not valuable, it had lost in market fair and square, and it should have licensed for 1% or even less - and if it had it would have been paid at twice the rate for future and been paid for the past decade and saved $400,000,000 in legal fees.

rmbs insiders got compensation and stock options and did ok with ups and downs.

there were changes in officers and some directors.

rmbs spent perhaps $400,000,000 on lawyers. rmbs did very poorly in courts. litigation went on for 13 years.

rmbs settled for about .5% world wide royalties and waived claims for past infringement of a decade.

stock went from triple digits to single digits.

rmbs could have litigated with mu - in cafc, california state and federal court and perhaps gotten billions of dollars - based on anti trust, inter alia.

instead rmbs settled with virtually all dram manufacturers and hopes somehow to make royalties on new ip with them and with controller companies and others.

despite very disappointing mu settlement, pps is up a bit.

[Don Green] Could you take a few mins and post the most valid numbers thrown around about ex...

Don Green — 12/11/2013 10:32:26 PM

Could you take a few mins and post the most valid numbers thrown around about expected monetary claims - awards projected 10 years ago vs what was actually awarded?

Thanks

Don

[hdl] if don green were a gentleman he would take me to the pony bar for a sandwich an...

hdl — 12/11/2013 7:15:17 PM

if don green were a gentleman he would take me to the pony bar for a sandwich and a few drinks for my answering his questions here.

[hdl] rmbs brags almost all dram is settled. only nanya left from those old cases. bu...

hdl — 12/11/2013 6:49:21 PM

rmbs brags almost all dram is settled. only nanya left from those old cases.

but can go after controller companies and gave notice to many others. they may fall in line and license now that all dram guys are licensed.

[hdl] rmbs brags almost all dram is settled. only nanya left from those old cases. bu...

hdl — 12/11/2013 6:49:20 PM

[Don Green] I am talking about pending / old lawsuits.1999>2006 est?

Don Green — 12/10/2013 3:24:05 PM

[hdl] renewals to dram boys; new products to dram boys; collaboration with dram boys. ...

hdl — 12/10/2013 2:38:45 PM

renewals to dram boys; new products to dram boys; collaboration with dram boys. licenses to several remaining unlicensed controller boys. licenses to buddies of dram boys and controller boys. also encryption, lighting and other stuff.

stock is up today despite tiny money coming from mu.

[Don Green] rmbs settles with mu - maximum $280,000,000 total for all use, infringement of r...

Don Green — 12/9/2013 9:33:43 PM

rmbs settles with mu - maximum $280,000,000 total for all use, infringement of rmbs ip next 7 years and past 15 years and all anti trust.

Which means what? Who is left to win or lose to?

Rambus Inc. (RMBS) -NasdaqGS ? Follow

8.53 0.05(0.58%) 4:00PM EST|After Hours : 8.53 0.00 (0.00%) 5:58PM EST

[hdl] rmbs settles with mu - maximum $280,000,000 total for all use, infringement of r...

hdl — 12/9/2013 9:21:07 PM

rmbs settles with mu - maximum $280,000,000 total for all use, infringement of rmbs ip next 7 years and past 15 years and all anti trust.

[hdl] rmbs settles with s t micro

hdl — 6/17/2013 6:28:19 PM

[hdl] rmbs caves in and settles with hynix for $240,000,000 over 5 years.

hdl — 6/11/2013 5:55:10 PM

[hdl] down a penny today. mu up a lot. hynix says it will appeal. rmbs hit with $250,...

hdl — 5/9/2013 4:03:04 PM

down a penny today. mu up a lot. hynix says it will appeal. rmbs hit with $250,000,000 sanction. otherwise won on everything else.

[Don Green] whyte finally issues his order. next stop $420 per share?

Don Green — 5/9/2013 2:58:22 PM

[hdl] whyte finally issues his order.

hdl — 5/8/2013 11:13:16 PM

[hdl] no explanation here re rmbs over $7.25.

hdl — 4/15/2013 11:01:24 AM

[hdl] why has rmbs risen since 4/1?

hdl — 4/12/2013 4:12:56 PM

[hdl] why did rmbs spike today?

hdl — 4/11/2013 4:28:26 PM

[hdl] rmbs spiked today.

hdl — 4/5/2013 4:26:09 PM