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Rambus Inc. (RMBS) Report Analysis

Corporate Events

Positive

Rambus Inc.(NasdaqGS:RMBS) added to Russell 300...

2022-06-24 00:00:00

Rambus Inc.(NasdaqGS:RMBS) added to Russell 3000 Growth Index

Positive

Rambus Inc.(NasdaqGS:RMBS) added to Russell 200...

2022-06-24 00:00:00

Rambus Inc.(NasdaqGS:RMBS) added to Russell 2000 Growth Index

Positive

Rambus Inc.(NasdaqGS:RMBS) added to Russell Sma...

2022-06-24 00:00:00

Rambus Inc.(NasdaqGS:RMBS) added to Russell Small Cap Comp Growth Index

Positive

Rambus Inc.(NasdaqGS:RMBS) added to Russell 250...

2022-06-24 00:00:00

Rambus Inc.(NasdaqGS:RMBS) added to Russell 2500 Growth Index

Positive

Rambus Inc.(NasdaqGS:RMBS) added to Russell 300...

2022-06-24 00:00:00

Rambus Inc.(NasdaqGS:RMBS) added to Russell 3000E Growth Index

Positive

Rambus Inc.(NasdaqGS:RMBS) added to Russell 200...

2022-06-24 00:00:00

Rambus Inc.(NasdaqGS:RMBS) added to Russell 2000 Growth-Defensive Index

Positive

Rambus Inc.(NasdaqGS:RMBS) added to Russell 200...

2022-06-24 00:00:00

Rambus Inc.(NasdaqGS:RMBS) added to Russell 2000 Dynamic Index

Neutral

Rambus Inc. Presents at Nasdaq 46th Investor Co...

2022-06-02 20:05:00

Rambus Inc. Presents at Nasdaq 46th Investor Conference, Jun-14-2022 03:00 PM. Venue: The May Fair Hotel, London, United Kingdom. Speakers: Lu...

Neutral

Rambus Inc. Presents at Rosenblatt Securities 2...

2022-06-02 20:05:00

Rambus Inc. Presents at Rosenblatt Securities 2nd Annual Technology Summit: The Age of AI Scaling, Jun-09-2022 04:00 PM. Speakers: Steven Woo.

Negative

Rambus Inc. Appoints Steven Laub to Its Board o...

2022-05-04 21:00:00

Rambus Inc. announced the appointment of Steven Laub to its Board of Directors. Mr. Laub is an accomplished executive with over 25 years of se...

Neutral

Rambus Inc. Provides Earnings Guidance for the ...

2022-05-02 20:11:00

Rambus Inc. provided earnings guidance for the second quarter of 2022. For the second quarter of 2022, the company expects licensing billings ...

Neutral

Rosenblatt Securities Inc., Rosenblatt Securiti...

2022-04-19 11:05:00

Rosenblatt Securities Inc., Rosenblatt Securities 2nd Annual Technology Summit: The Age of AI Scaling, Jun 09, 2022 through Jun 10, 2022.

Neutral

Rambus Inc., Q1 2022 Earnings Call, May 02, 2022

2022-04-14 20:13:00

Rambus Inc., Q1 2022 Earnings Call, May 02, 2022

Neutral

Rambus Inc., Annual General Meeting, Apr 28, 2022

2022-03-11 21:02:00

Rambus Inc., Annual General Meeting, Apr 28, 2022, at 09:00 Pacific Standard Time. Agenda: To consider election of the 3 nominees named in the...

Neutral

Rambus Inc. - Shareholder/Analyst Call

2022-03-11 21:02:00

Annual Meeting of Stockholders

Neutral

Nasdaq, Inc., Nasdaq 46th Investor Conference, ...

2022-02-23 11:17:00

Nasdaq, Inc., Nasdaq 46th Investor Conference, Jun 14, 2022. Venue: The May Fair Hotel, London, United Kingdom.

Positive

Rambus to Seek M&A

2022-02-07 22:00:00

Rambus Inc. (NasdaqGS:RMBS) will look for M&A. Keith Jones, Interim Chief Financial Officer said, “So on the convertible note side, we're deep...

Neutral

Rambus Inc. Provides Revenue Guidance for the F...

2022-02-07 21:05:00

Rambus Inc. provided revenue guidance for the first quarter of 2022. For the quarter, the company expects royalty revenue to be between $30 mi...

Neutral

Rambus Inc., Q4 2021 Earnings Call, Feb 07, 2022

2022-01-24 21:05:00

Rambus Inc., Q4 2021 Earnings Call, Feb 07, 2022

Neutral

Nextchip Selects Rambus Inc. Security IP to Sec...

2021-12-07 22:00:00

Rambus Inc. announced that NextChip has selected the Rambus RT-640 Root of Trust and MACsec-IP-160 Protocol Engine to provide hardware-level s...

Neutral

Rambus Inc. Provides Revenue Guidance for the F...

2021-11-01 21:00:00

Rambus Inc. provided revenue guidance for the fourth quarter of 2021. The company expected revenue in the fourth quarter between $84 million a...

Neutral

Rambus Inc. Presents at Credit Suisse 25th Annu...

2021-10-18 15:12:00

Rambus Inc. Presents at Credit Suisse 25th Annual Technology Conference, Nov-30-2021 03:40 PM. Venue: The Phoenician Hotel, Scottsdale, Arizon...

Neutral

Rambus Inc. Presents at 5th Annual Virtual Well...

2021-10-15 20:27:00

Rambus Inc. Presents at 5th Annual Virtual Wells Fargo TMT Summit, Dec-01-2021 01:20 PM. Speakers: Keith A. Jones, Interim CFO, VP, Chief Acco...

Negative

Rambus Inc. Announces Resignation of Rahul Math...

2021-10-13 20:06:00

Rambus Inc. announced that Rahul Mathur, senior vice president will resign from the company, effective November 15, 2021 to pursue another opp...

Negative

Rambus Inc. Announces Executive Changes

2021-10-13 20:06:00

Rambus Inc. announced that Rahul Mathur, chief financial officer (CFO), will resign from the company, effective November 15, 2021 to pursue an...

Neutral

Rambus Inc., Q3 2021 Earnings Call, Nov 01, 2021

2021-10-13 20:05:00

Rambus Inc., Q3 2021 Earnings Call, Nov 01, 2021

Positive

Rambus Inc. Advances Server Memory Performance ...

2021-10-13 13:00:00

Rambus Inc. announced it is now sampling its 5600 MT/s 2nd-generation RCD chip to the major DDR5 memory module (RDIMM) suppliers. This new lev...

Neutral

Wells Fargo Securities, LLC, 5th Annual Virtual...

2021-10-07 09:16:00

Wells Fargo Securities, LLC, 5th Annual Virtual Wells Fargo TMT Summit, Nov 30, 2021 through Dec 03, 2021.

Positive

Rambus Inc. Delivers CXL 2.0 Controller with Ze...

2021-10-05 21:00:00

Rambus Inc. announced Compute Express Link™ (CXL) 2.0 and PCI Express® (PCIe) 5.0 controllers now available with integrated Integrity and Data...

Neutral

MIPI Alliance, Inc., MIPI Developers Conference...

2021-08-31 13:04:00

MIPI Alliance, Inc., MIPI Developers Conference (DevCon), Sep 28, 2021 through Sep 29, 2021.

Neutral

Rambus Inc. Presents at MIPI Developers Confere...

2021-08-31 13:04:00

Rambus Inc. Presents at MIPI Developers Conference (DevCon), Sep-29-2021 07:05 AM. Speakers: Joe Rodriguez.

Positive

Rambus Demonstrates Industry-First PCIe® 5.0 Di...

2021-08-30 21:00:00

Rambus Inc. announced that Rambus has demonstrated its PCI Express® (PCIe) 5.0 digital controller IP on leading FPGA platforms. PCIe 5.0 perfo...

Positive

Rambus Inc. (NasdaqGS:RMBS) completed the acqui...

2021-08-18 00:00:00

Rambus Inc. (NasdaqGS:RMBS) signed an agreement to acquire PLDA SAS for $85.1 million on June 16, 2021. Rambus will acquire PLDA for an initia...

Neutral

Tranche Update on Rambus Inc. (NasdaqGS:RMBS)'s...

2021-08-06 12:59:00

From April 1, 2021 to June 30, 2021, the company has repurchased 6,631,243 shares, representing 5.89% for $133.36 million. With this, the comp...

Neutral

Rambus Inc. Provides Revenue Guidance for the T...

2021-08-02 20:05:00

Rambus Inc. provided revenue guidance for the third quarter of 2021. For the quarter, the company expects royalty revenue to be between $25 mi...

Neutral

Rambus Inc. Presents at Rosenblatt Securities T...

2021-07-28 13:42:00

Rambus Inc. Presents at Rosenblatt Securities Technology Summit – The Age of AI Scaling, Aug-24-2021 06:00 PM. Speakers: Des Lynch, VP of Fina...

Neutral

Rosenblatt Securities Inc., Rosenblatt Securiti...

2021-07-28 08:31:00

Rosenblatt Securities Inc., Rosenblatt Securities Technology Summit – The Age of AI Scaling, Aug 24, 2021 through Aug 26, 2021.

Neutral

Rambus Inc., Q2 2021 Earnings Call, Aug 02, 2021

2021-07-19 20:05:00

Rambus Inc., Q2 2021 Earnings Call, Aug 02, 2021

Positive

Rambus Inc. (NasdaqGS:RMBS) completed the acqui...

2021-07-02 00:00:00

Rambus Inc. (NasdaqGS:RMBS) agreed to acquire AnalogX Inc. for approximately $47.8 million on June 16, 2021. The transaction is subject to cus...

Neutral

Informa Markets Limited, Keynote DesignCon 2021...

2021-06-29 13:02:00

Informa Markets Limited, Keynote DesignCon 2021, Aug 16, 2021 through Aug 18, 2021. Venue: San Jose McEnery Convention Center, San Jose, Calif...

Positive

Rambus Inc.(NasdaqGS:RMBS) added to Russell 3000 Growth Index

2022-06-24 00:00:00

Rambus Inc.(NasdaqGS:RMBS) added to Russell 3000 Growth Index

Positive

Rambus Inc.(NasdaqGS:RMBS) added to Russell 2000 Growth Index

2022-06-24 00:00:00

Rambus Inc.(NasdaqGS:RMBS) added to Russell 2000 Growth Index

Positive

Rambus Inc.(NasdaqGS:RMBS) added to Russell Small Cap Comp Growth Index

2022-06-24 00:00:00

Rambus Inc.(NasdaqGS:RMBS) added to Russell Small Cap Comp Growth Index

Positive

Rambus Inc.(NasdaqGS:RMBS) added to Russell 2500 Growth Index

2022-06-24 00:00:00

Rambus Inc.(NasdaqGS:RMBS) added to Russell 2500 Growth Index

Positive

Rambus Inc.(NasdaqGS:RMBS) added to Russell 3000E Growth Index

2022-06-24 00:00:00

Rambus Inc.(NasdaqGS:RMBS) added to Russell 3000E Growth Index

Positive

Rambus Inc.(NasdaqGS:RMBS) added to Russell 2000 Growth-Defensive Index

2022-06-24 00:00:00

Rambus Inc.(NasdaqGS:RMBS) added to Russell 2000 Growth-Defensive Index

Positive

Rambus Inc.(NasdaqGS:RMBS) added to Russell 2000 Dynamic Index

2022-06-24 00:00:00

Rambus Inc.(NasdaqGS:RMBS) added to Russell 2000 Dynamic Index

Neutral

Rambus Inc. Presents at Nasdaq 46th Investor Conference, Jun-14-2022 03:00 PM

2022-06-02 20:05:00

Rambus Inc. Presents at Nasdaq 46th Investor Conference, Jun-14-2022 03:00 PM. Venue: The May Fair Hotel, London, United Kingdom. Speakers: Luc Seraphin, CEO, President & Director.

Neutral

Rambus Inc. Presents at Rosenblatt Securities 2nd Annual Technology Summit: The Age of AI Scaling, Jun-09-2022 04:00 PM

2022-06-02 20:05:00

Rambus Inc. Presents at Rosenblatt Securities 2nd Annual Technology Summit: The Age of AI Scaling, Jun-09-2022 04:00 PM. Speakers: Steven Woo.

Negative

Rambus Inc. Appoints Steven Laub to Its Board of Directors

2022-05-04 21:00:00

Rambus Inc. announced the appointment of Steven Laub to its Board of Directors. Mr. Laub is an accomplished executive with over 25 years of semiconductor industry leadership experience. Prior to his recent board role at IPV Capital, a semiconductor private equity firm, Mr. Laub served approximately ten years as president, chief executive officer and member of the board of directors at Atmel Corporation. While at Atmel, Mr. Laub also served as a board member of the Semiconductor Industry Association (SIA). Prior to Atmel, Mr. Laub held executive and board member positions at leading semiconductor companies including Silicon Image and Lattice Semiconductor.

Neutral

Rambus Inc. Provides Earnings Guidance for the Second Quarter of 2022

2022-05-02 20:11:00

Rambus Inc. provided earnings guidance for the second quarter of 2022. For the second quarter of 2022, the company expects licensing billings to be between $61 million and $67 million. The Company also expects royalty revenue to be between $42 million and $48 million, product revenue to be between $49 million and $55 million and contract and other revenue to be between $18 million and $24 million.

Neutral

Rosenblatt Securities Inc., Rosenblatt Securities 2nd Annual Technology Summit: the Age of AI Scaling, Jun 09, 2022 through Jun 10, 2022

2022-04-19 11:05:00

Rosenblatt Securities Inc., Rosenblatt Securities 2nd Annual Technology Summit: The Age of AI Scaling, Jun 09, 2022 through Jun 10, 2022.

Neutral

Rambus Inc., Q1 2022 Earnings Call, May 02, 2022

2022-04-14 20:13:00

Rambus Inc., Q1 2022 Earnings Call, May 02, 2022

Neutral

Rambus Inc., Annual General Meeting, Apr 28, 2022

2022-03-11 21:02:00

Rambus Inc., Annual General Meeting, Apr 28, 2022, at 09:00 Pacific Standard Time. Agenda: To consider election of the 3 nominees named in the proxy statement as class i directors; to ratification of pricewaterhousecoopers llp as rambus’ independent registered public accounting firm for the fiscal year ending December 31, 2022; to Advisory vote to approve named executive officer compensation; and to consider other matter.

Neutral

Rambus Inc. - Shareholder/Analyst Call

2022-03-11 21:02:00

Annual Meeting of Stockholders

Neutral

Nasdaq, Inc., Nasdaq 46th Investor Conference, Jun 14, 2022

2022-02-23 11:17:00

Nasdaq, Inc., Nasdaq 46th Investor Conference, Jun 14, 2022. Venue: The May Fair Hotel, London, United Kingdom.

Positive

Rambus to Seek M&A

2022-02-07 22:00:00

Rambus Inc. (NasdaqGS:RMBS) will look for M&A. Keith Jones, Interim Chief Financial Officer said, “So on the convertible note side, we're deeply reviewing all the alternatives that might avail themselves to us. So we'll go through and continue to manage that. But it also just kind of really lines up to what we want to do long term for capital allocation, which also includes looking at M&A opportunities. So it's a balance. So we are committed to returning capital to shareholders. We will continue to look for M&A, and we're actively managing the convertible notes”.

Neutral

Rambus Inc. Provides Revenue Guidance for the First Quarter of 2022

2022-02-07 21:05:00

Rambus Inc. provided revenue guidance for the first quarter of 2022. For the quarter, the company expects royalty revenue to be between $30 million and $36 million, product revenue to be between $43 million and $49 million and contract and other revenue to be between $12 million and $18 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.

Neutral

Rambus Inc., Q4 2021 Earnings Call, Feb 07, 2022

2022-01-24 21:05:00

Rambus Inc., Q4 2021 Earnings Call, Feb 07, 2022

Neutral

Nextchip Selects Rambus Inc. Security IP to Secure Apache6 Automotive Processor

2021-12-07 22:00:00

Rambus Inc. announced that NextChip has selected the Rambus RT-640 Root of Trust and MACsec-IP-160 Protocol Engine to provide hardware-level security for their next-generation Apache6 automotive processor. The Apache6 ADAS SoC combines advanced CPU, GPU, ISP and NPU processors to enable demanding automotive vision and domain/zone controller applications such as AVP. The Rambus RT-640 Root of Trust is specifically tailored as an embedded hardware security module (HSM) for automotive ADAS applications requiring ASIL-B level reliability. In addition, the MACsec-IP-160 encrypts and protects data communicated over the in-vehicle network. The Rambus RT-640 Root of Trust provides security services and protection of data processed by the Apache6 SoC. The RT-640 is a powerful security co-processor featuring automotive grade embedded security software, high-performance cryptographic accelerators for AES, HMAC, SHA-2 and more. In addition, dedicated safety integrity mechanisms ensure correct operations and extensive error handling and the advanced anti-tamper features of the RT-640 protect chips from side-channel and fault injection (FI) attacks. The Rambus MACsec-IP-160 encrypts and protects data at speeds up to 100 Gbps over Ethernet in-car networks.

Neutral

Rambus Inc. Provides Revenue Guidance for the Fourth Quarter of 2021

2021-11-01 21:00:00

Rambus Inc. provided revenue guidance for the fourth quarter of 2021. The company expected revenue in the fourth quarter between $84 million and $90 million.

Neutral

Rambus Inc. Presents at Credit Suisse 25th Annual Technology Conference, Nov-30-2021 03:40 PM

2021-10-18 15:12:00

Rambus Inc. Presents at Credit Suisse 25th Annual Technology Conference, Nov-30-2021 03:40 PM. Venue: The Phoenician Hotel, Scottsdale, Arizona, United States. Speakers: Luc Seraphin, CEO, President & Director, Raul Mathur, SVP & CFO.

Neutral

Rambus Inc. Presents at 5th Annual Virtual Wells Fargo TMT Summit, Dec-01-2021 01:20 PM

2021-10-15 20:27:00

Rambus Inc. Presents at 5th Annual Virtual Wells Fargo TMT Summit, Dec-01-2021 01:20 PM. Speakers: Keith A. Jones, Interim CFO, VP, Chief Accounting Officer & Corporate Controller, Luc Seraphin, CEO, President & Director.

Negative

Rambus Inc. Announces Resignation of Rahul Mathur as Senior Vice President, Effective November 15, 2021

2021-10-13 20:06:00

Rambus Inc. announced that Rahul Mathur, senior vice president will resign from the company, effective November 15, 2021 to pursue another opportunity outside of the semiconductor industry.

Negative

Rambus Inc. Announces Executive Changes

2021-10-13 20:06:00

Rambus Inc. announced that Rahul Mathur, chief financial officer (CFO), will resign from the company, effective November 15, 2021 to pursue another opportunity outside of the semiconductor industry. A formal search has commenced for a new CFO. Keith Jones, current vice president, chief accounting officer and corporate controller at the company, will serve as interim CFO and ensure a seamless transition until a replacement has been found.

Neutral

Rambus Inc., Q3 2021 Earnings Call, Nov 01, 2021

2021-10-13 20:05:00

Rambus Inc., Q3 2021 Earnings Call, Nov 01, 2021

Positive

Rambus Inc. Advances Server Memory Performance with the Industry's First 5600 MT/s DDR5 Registering Clock Driver

2021-10-13 13:00:00

Rambus Inc. announced it is now sampling its 5600 MT/s 2nd-generation RCD chip to the major DDR5 memory module (RDIMM) suppliers. This new level of performance represents a 17% increase in data rate over the first-generation 4800 MT/s Rambus DDR5 RCD. With key innovations, Rambus is able to deliver 5600 MT/s performance at lower latency and power while optimizing timing parameters for improved RDIMM margins. With DDR5 memory, more intelligence is built into the DIMMs enabling up to double the data rate and four times the capacity of DDR4 DIMMs, while at the same time reducing power and increasing memory efficiency. Rambus memory interface chips are key to achieving this new level of performance for next-generation servers.

Neutral

Wells Fargo Securities, LLC, 5th Annual Virtual Wells Fargo TMT Summit, Nov 30, 2021 through Dec 03, 2021

2021-10-07 09:16:00

Wells Fargo Securities, LLC, 5th Annual Virtual Wells Fargo TMT Summit, Nov 30, 2021 through Dec 03, 2021.

Positive

Rambus Inc. Delivers CXL 2.0 Controller with Zero-Latency IDE

2021-10-05 21:00:00

Rambus Inc. announced Compute Express Link™ (CXL) 2.0 and PCI Express® (PCIe) 5.0 controllers now available with integrated Integrity and Data Encryption (IDE) modules. Delivering security at speed in CXL is critical to solving the bandwidth bottleneck in data center infrastructure. IDE monitors and protects against physical attacks on CXL and PCIe links. CXL requires extremely low latency to enable load-store memory architectures and cache-coherent links for its targeted use cases. This breakthrough controller with a zero-latency IDE, developed by the engineering team from newly-acquired PLDA, delivers security and performance at full 32 GT/s speed. The built-in IDE modules, now available in Rambus CXL 2.0 and PCIe 5.0 controllers, employ a 256-bit AES-GCM (Advanced Encryption Standard, Galois/Counter Mode) symmetric-key cryptographic block cipher, helping chip designers and security architects to ensure confidentiality, integrity, and replay protection for traffic that travels over CXL and PCIe links. This secure functionality is especially imperative for data center computing applications including AI/ML and high performance computing (HPC).

Neutral

MIPI Alliance, Inc., MIPI Developers Conference (DevCon), Sep 28, 2021 through Sep 29, 2021

2021-08-31 13:04:00

MIPI Alliance, Inc., MIPI Developers Conference (DevCon), Sep 28, 2021 through Sep 29, 2021.

Neutral

Rambus Inc. Presents at MIPI Developers Conference (DevCon), Sep-29-2021 07:05 AM

2021-08-31 13:04:00

Rambus Inc. Presents at MIPI Developers Conference (DevCon), Sep-29-2021 07:05 AM. Speakers: Joe Rodriguez.

Positive

Rambus Demonstrates Industry-First PCIe® 5.0 Digital Controller IP for FPGAs

2021-08-30 21:00:00

Rambus Inc. announced that Rambus has demonstrated its PCI Express® (PCIe) 5.0 digital controller IP on leading FPGA platforms. PCIe 5.0 performance at 32 GT/s in FPGAs using a soft controller is an industry first, and another demonstration of technical leadership from Rambus. This capability expands the use models of FPGAs by enabling multi-instance, switching and bridging applications and accelerates the performance of FPGAs used in defense, networking, and test and measurement markets. Features of the Rambus PCIe 5.0 Digital Controller: Verified on leading FPGA platforms, Supports up to 32 GT/s data rates, Backwards compatible to PCIe 4.0 and 3.1/3.0, Supports Endpoint, Root-port, Dual-mode, and Switch-port configurations, Supports up to 64 Physical Functions (PF), 512 Virtual Functions (VF), Supports AER, ECRC, ECC, MSI, MSI-X, multi-function, crosslink, DOE, CMA over DOE, and other optional features and ECNs.

Positive

Rambus Inc. (NasdaqGS:RMBS) completed the acquisition of PLDA SAS.

2021-08-18 00:00:00

Rambus Inc. (NasdaqGS:RMBS) signed an agreement to acquire PLDA SAS for $85.1 million on June 16, 2021. Rambus will acquire PLDA for an initial cash consideration of approximately $60 million and 0.3 million shares of Rambus common stock. In addition, pursuant to the terms of an earn-out agreement, based upon the achievement of certain milestones, Rambus will issue shares of the Rambus’s common stock, up to the following maximum amounts: 0.3 million shares after the first anniversary of the transaction, 0.4 million shares after the second anniversary, and 0.5 million shares after the third anniversary. Arnaud Schleich, Co-founder and Chief Executive officer of PLDA along with the team will join Rambus. The transaction is expected to close in the third calendar quarter of 2021. The will not materially impact 2021 results due to the expected timing of close and acquisition accounting, Rambus expects this acquisition to be accretive in 2022. Ethan Lutske, Michael Coke, Audrey Garfield, Myra Sutanto Shen, Matthew Staples, Rebecca Stuart, Scott McCall and Jessica Bliss of Wilson Sonsini Goodrich & Rosati, P.C. acted as legal advisors to Rambus Inc. Gilles Amsallem, Dalila Mabrouki, Alix Payraudeau, MarcSchuler, LauraHucketPaulineAlbouy, Evelyne Friedel, Axel Ferly, Marie-Alix Chaboisson, Claudia Jonath, Pauline Plancke, Christophe Flaicher, Gwendal Chatain, Tristan Destibeaux, Alfred Fink, Thomas Coëffé and Elise Milani of Taylor Wessing LLP acted as legal advisors and Plamen Borissov of Borissov & Partners acted as legal advisors to Rambus in the deal. Alex Larue, Damir Bezdrob, Roxane Regaud and Bruno Poulain of Ernst & Young Société d'Avocats and Allan Grauberd of Moses & Singer LLP acted as legal advisors to PLDA SAS in the deal. Rambus Inc. (NasdaqGS:RMBS) completed the acquisition of PLDA SAS on August 18, 2021.

Neutral

Tranche Update on Rambus Inc. (NasdaqGS:RMBS)'s Equity Buyback Plan announced on November 2, 2020.

2021-08-06 12:59:00

From April 1, 2021 to June 30, 2021, the company has repurchased 6,631,243 shares, representing 5.89% for $133.36 million. With this, the company has completed the repurchase of 9,247,332 shares, representing 8.19% for $176.19 million under the buyback announced on November 2, 2020.

Neutral

Rambus Inc. Provides Revenue Guidance for the Third Quarter of 2021

2021-08-02 20:05:00

Rambus Inc. provided revenue guidance for the third quarter of 2021. For the quarter, the company expects royalty revenue to be between $25 million and $31 million, product revenue to be between $34 million and $40 million and contract and other revenue to be between $11 million and $17 million. Under ASC 606, The company expects revenue in the third quarter between $76 million and $82 million.

Neutral

Rambus Inc. Presents at Rosenblatt Securities Technology Summit – The Age of AI Scaling, Aug-24-2021 06:00 PM

2021-07-28 13:42:00

Rambus Inc. Presents at Rosenblatt Securities Technology Summit – The Age of AI Scaling, Aug-24-2021 06:00 PM. Speakers: Des Lynch, VP of Finance and Investor Relations, Steven Woo, Fellow and Distinguished Inventor.

Neutral

Rosenblatt Securities Inc., Rosenblatt Securities Technology Summit – the Age of AI Scaling, Aug 24, 2021 through Aug 26, 2021

2021-07-28 08:31:00

Rosenblatt Securities Inc., Rosenblatt Securities Technology Summit – The Age of AI Scaling, Aug 24, 2021 through Aug 26, 2021.

Neutral

Rambus Inc., Q2 2021 Earnings Call, Aug 02, 2021

2021-07-19 20:05:00

Rambus Inc., Q2 2021 Earnings Call, Aug 02, 2021

Positive

Rambus Inc. (NasdaqGS:RMBS) completed the acquisition of AnalogX Inc.

2021-07-02 00:00:00

Rambus Inc. (NasdaqGS:RMBS) agreed to acquire AnalogX Inc. for approximately $47.8 million on June 16, 2021. The transaction is subject to customary closing conditions and approvals. The transaction is expected to close in the early third calendar quarter of 2021. Rambus expects this acquisition to be accretive in 2022. Jessica Bliss, Michael Coke, Audrey Garfield, Douglas Schnell, Scott McCall, Rebecca Stuart, Myra Sutanto Shen, Matthew Staples of Wilson Sonsini Goodrich & Rosati acted as legal advisors to Rambus Inc. Rambus Inc. (NasdaqGS:RMBS) completed the acquisition of AnalogX Inc. on July 2, 2021. The consideration consists of a total cash consideration of approximately $47.7 million, including certain deferred payments and working capital adjustments. Under the terms of agreement, consideration paid is along with net of cash acquired of $2.7 million. A portion of the purchase price, $5.9 million of the consideration, was deposited into an escrow account to fund indemnification obligations and other contractual provisions, to be released 12 months after the AnalogX Closing Date. Shane Todd, Andrew Nunes and Christopher Steeves of Fasken Martineau DuMoulin LLP acted as legal advisor to Rambus Inc.

Neutral

Informa Markets Limited, Keynote DesignCon 2021, Aug 16, 2021 through Aug 18, 2021

2021-06-29 13:02:00

Informa Markets Limited, Keynote DesignCon 2021, Aug 16, 2021 through Aug 18, 2021. Venue: San Jose McEnery Convention Center, San Jose, California, United States.

Fundamental Summary

Rambus's financial results from Q1 demonstrated decent performance, but will likely only help Rambus remain on par with its peers. The company's growth, value, and income factors all individually appear positive and give support for optimism regarding the likelihood of continued positive performance. Therefore, they earned a total score of 69 out of 100 and a HOLD recommendation.

Rambus reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was USD 99.05 million compared to USD 70.38 million a year ago. Net loss was USD 66.22 million compared to USD 2.61 million a year ago. Basic loss per share from continuing operations was USD 0.6 compared to USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.6 compared to USD 0.02 a year ago.

Business Description

Rambus 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 was incorporated in 1990 and is headquartered in San Jose, California.

Sector Overview

Rambus is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. Rambus's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 1,060.9 -13.9% 83
Liabilities 267.7 -27.7% 43
Price to Book 3.5 -5.7% 54
Cash & Equivalents 179.1 66.0% 95
Equity 793.1 -8.0% 41
EBITDA 97.3 16.6% 86
Total Revenues 357.0 8.7% 48
Parameter Value Change Score
Return on Equity -5.3 -357.5% 60
Net Cashflow 69.6 430.4% 96
Capital Expenditure -12.0 13.3% 89
Asset Turnover 0.3 17.6% 88
Free Cashflow 1.8 1.6% 73

* All values are TTM

The below chart reflects Rambus's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Rambus's peer average final assessment score stands on 71.0, Rambus's score is 69.

  •  RMBS
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
NVIDIA Corporation 400.2B 71 63 82
Hold
76
76 0 1
Intel Corporation 154.5B 77 76 58
Hold
75
75 1 1
QUALCOMM Incorporated 147.4B 82 66 77
Buy
82
82 2 1
Texas Instruments Incorporated 142.2B 76 74 70
Buy
80
80 3 1
Advanced Micro Devices, Inc. 130.9B 88 59 57
Hold
68
68 4 1
Broadcom Inc. 102.5B 62 71 85
Buy
79
79 5 1
Applied Materials, Inc. 82.7B 60 72 69
Hold
69
69 6 1
Analog Devices, Inc. 77.2B 69 65 84
Hold
78
78 7 1
Micron Technology, Inc. 64.6B 81 74 80
Strong Buy
89
89 8 1
Lam Research Corporation 60.8B 60 74 69
Hold
70
70 9 1
KLA Corporation 49.3B 66 67 74
Hold
72
72 10 1
NXP Semiconductors N.V. 40.5B 64 71 73
Hold
73
73 11 1
Marvell Technology, Inc. 38.5B 60 64 65
Hold
62
62 12 1
Microchip Technology Incorporated 33.0B 79 71 79
Buy
85
85 13 1
GLOBALFOUNDRIES Inc. 23.9B 78 70 63
Hold
75
75 14 1
ON Semiconductor Corporation 22.9B 81 73 70
Buy
82
82 15 1
Monolithic Power Systems, Inc. 18.5B 84 66 77
Buy
83
83 16 1
Skyworks Solutions, Inc. 15.5B 62 70 71
Hold
70
70 17 1
SolarEdge Technologies, Inc. 15.5B 81 53 43
Underperform
53
53 18 1
Teradyne, Inc. 15.3B 52 75 68
Hold
66
66 19 1
Entegris, Inc. 14.1B 70 69 65
Hold
70
70 20 1
Qorvo, Inc. 10.2B 67 72 73
Hold
75
75 21 1
First Solar, Inc. 7.2B 59 73 53
Underperform
60
60 22 1
Lattice Semiconductor Corporation 6.8B 68 71 77
Hold
78
78 23 1
MKS Instruments, Inc. 5.8B 70 74 59
Hold
70
70 24 1
Silicon Laboratories Inc. 5.3B 72 70 86
Buy
84
84 25 1
Universal Display Corporation 5.2B 75 68 71
Hold
76
76 26 1
CMC Materials, Inc. 5.1B 81 76 74
Strong Buy
87
87 27 1
Tower Semiconductor Ltd. 5.1B 65 79 68
Buy
79
79 28 1
Synaptics Incorporated 4.9B 81 68 66
Hold
76
76 29 1
Power Integrations, Inc. 4.4B 61 80 82
Buy
82
82 30 1
Amkor Technology, Inc. 4.2B 75 70 60
Hold
71
71 31 1
Cirrus Logic, Inc. 4.1B 86 67 90
Strong Buy
92
92 32 1
Allegro MicroSystems, Inc. 4.0B 74 61 56
Hold
62
62 33 1
Semtech Corporation 3.5B 67 75 77
Buy
80
80 34 1
MACOM Technology Solutions Holdings, Inc. 3.3B 70 76 68
Hold
77
77 35 1
FormFactor, Inc. 3.1B 84 80 67
Strong Buy
87
87 36 1
Diodes Incorporated 3.0B 62 76 72
Hold
75
75 37 1
SunPower Corporation 3.0B 61 49 74
Underperform
56
56 38 1
Silicon Motion Technology Corporation 2.8B 54 72 61
Hold
65
65 39 1
MaxLinear, Inc. 2.7B 76 75 88
Strong Buy
91
91 40 1
Nova Ltd. 2.7B 61 69 54
Hold
64
64 41 1
Ambarella, Inc. 2.6B 64 72 79
Hold
77
77 42 1
Kulicke and Soffa Industries, Inc. 2.6B 58 79 82
Buy
80
80 43 1
Canadian Solar Inc. 2.0B 59 72 71
Hold
71
71 44 1
Axcelis Technologies, Inc. 1.9B 81 67 82
Buy
85
85 45 1
Credo Technology Group Holding Ltd 1.7B 88 60 53
Hold
67
67 46 1
Himax Technologies, Inc. 1.6B 77 70 66
Buy
79
79 47 1
Impinj, Inc. 1.4B 72 59 65
Hold
65
65 48 1
Ultra Clean Holdings, Inc. 1.4B 63 63 61
Hold
60
60 49 1
Cohu, Inc. 1.3B 58 75 59
Hold
64
64 50 1
Photronics, Inc. 1.2B 69 71 82
Buy
81
81 51 1
SMART Global Holdings, Inc. 1.0B 86 65 62
Hold
75
75 52 1
Veeco Instruments Inc. 1.0B 58 76 71
Hold
72
72 53 1
Alpha and Omega Semiconductor Limited 929.5M 77 69 54
Hold
68
68 54 1
PDF Solutions, Inc. 808.6M 63 71 89
Buy
82
82 55 1
CEVA, Inc. 778.5M 73 71 71
Hold
77
77 56 1
Ichor Holdings, Ltd. 754.1M 60 67 58
Underperform
59
59 57 1
Maxeon Solar Technologies, Ltd. 575.9M 53 49 84
Hold
60
60 58 1
Enphase Energy, Inc. 25.7B 58 57 60
Underperform
52
52 59 1
Wolfspeed, Inc. 8.2B 74 69 55
Hold
66
66 60 1
Daqo New Energy Corp. 5.0B 93 65 89
Strong Buy
95
95 61 1
SiTime Corporation 3.6B 59 64 62
Underperform
59
59 62 1
Onto Innovation Inc. 3.6B 78 67 85
Buy
85
85 63 1
JinkoSolar Holding Co., Ltd. 3.2B 89 62 74
Buy
81
81 64 1
Camtek Ltd. 1.1B 66 68 71
Hold
74
74 65 1
ACM Research, Inc. 917.6M 52 67 50
Underperform
50
50 66 1
NeoPhotonics Corporation 838.5M 66 69 71
Hold
72
72 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 72 70 68
Hold
71
71 68 1
indie Semiconductor, Inc. 720.1M 44 43 85
Underperform
49
49 69 1
Magnachip Semiconductor Corporation 667.1M 74 90 57
Buy
82
82 70 1
Mykrolis Corp. 657.1M 72 67 75
Hold
76
76 71 1
Navitas Semiconductor Corporation 533.1M 67 53 90
Hold
72
72 72 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 56 66 73
Hold
62
62 73 1
Rigetti Computing, Inc. 413.5M 98 72 58
Buy
84
84 74 1
Meta Materials Inc. 396.9M 42 43 84
Underperform
47
47 75 1
Helix Technology Corporation 364.9M 65 74 61
Hold
68
68 76 1
Valens Semiconductor Ltd. 357.2M 75 65 66
Hold
75
75 77 1
Rockley Photonics Holdings Limited 305.7M 42 79 60
Underperform
59
59 78 1
CyberOptics Corporation 272.8M 75 71 72
Hold
78
78 79 1
Transphorm, Inc. 255.8M 45 68 88
Hold
69
69 80 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Rambus's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Rambus's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 47.

Bearish 47
Close Price 21.66
52W Low 20.75
52W High 33.6
5D MA 21.55
50D MA 24.31
200D MA 25.78
MACD -0.96
RSI 17.46
STOCH 22.64

Balance Sheet Analysis

Rambus's recently published balance sheet conveys disappointing growth, particularly with respect to Equity and Liabilities metrics. Rambus published concerning equity metrics for this filing. In the current report, equity stood at 793.1, which represents a -8.0% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 4.5%. This performance is significantly less impressive than its peers and competitors. Consequently, their equity movement received a grade of 41. Also, Rambus's liabilities stood at 267.7 in the current filing, which represents a -27.7% change from the previous report. Rambus's liabilities changes appear mediocre compared to their peers. Contextually, they convey that management finds balancing asset growth, resource allocation, and liabilities challenging. Therefore, we rated their liabilities movement with a score of 43. That said, one metric, Cash & Equivalents, stood out as strongly positive. Rambus reported a positive trendline in their cash and cash equivalents metrics. Specifically, they reported that cash and cash equivalents were 179.1, representing 66.0% change from the last report. This impressive growth, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. The company's cash and cash equivalents movement, therefore, received a grade of 95. Because of these weaknesses, their balance sheet received an overall score of 48.

Parameter Value Change Score
Assets 1,060.9 -13.9% 83
Liabilities 267.7 -27.7% 43
Price to Book 3.5 -5.7% 54
Cash & Equivalents 179.1 66.0% 95
Equity 793.1 -8.0% 41
* All values are TTM

The below chart describes Rambus's performance as reflected on its balance sheet with respect to its peers. While Rambus received a balance sheet score of 48, the average of its peers stands on 68.0.

  •  RMBS
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
NVIDIA Corporation 400.2B 78 70 65 97 54 71 0 1
Intel Corporation 154.5B 65 69 76 90 81 77 1 1
QUALCOMM Incorporated 147.4B 57 71 96 80 80 82 2 1
Texas Instruments Incorporated 142.2B 63 69 87 46 84 76 3 1
Advanced Micro Devices, Inc. 130.9B 93 61 78 96 80 88 4 1
Broadcom Inc. 102.5B 67 79 58 56 55 62 5 1
Applied Materials, Inc. 82.7B 71 72 63 41 55 60 6 1
Analog Devices, Inc. 77.2B 62 80 66 66 66 69 7 1
Micron Technology, Inc. 64.6B 73 69 85 76 74 81 8 1
Lam Research Corporation 60.8B 72 77 58 51 45 60 9 1
KLA Corporation 49.3B 75 62 73 53 66 66 10 1
NXP Semiconductors N.V. 40.5B 71 68 56 62 76 64 11 1
Marvell Technology, Inc. 38.5B 71 84 50 46 51 60 12 1
Microchip Technology Incorporated 33.0B 65 84 76 72 66 79 13 1
GLOBALFOUNDRIES Inc. 23.9B 81 65 74 82 74 78 14 1
ON Semiconductor Corporation 22.9B 74 68 77 89 82 81 15 1
Monolithic Power Systems, Inc. 18.5B 85 64 76 92 80 84 16 1
Skyworks Solutions, Inc. 15.5B 69 77 63 46 52 62 17 1
SolarEdge Technologies, Inc. 15.5B 77 62 78 96 85 81 18 1
Teradyne, Inc. 15.3B 49 81 62 45 47 52 19 1
Entegris, Inc. 14.1B 62 70 75 55 78 70 20 1
Qorvo, Inc. 10.2B 64 83 64 67 55 67 21 1
First Solar, Inc. 7.2B 76 70 50 58 58 59 22 1
Lattice Semiconductor Corporation 6.8B 53 79 78 60 64 68 23 1
MKS Instruments, Inc. 5.8B 60 73 73 76 72 70 24 1
Silicon Laboratories Inc. 5.3B 89 81 59 45 48 72 25 1
Universal Display Corporation 5.2B 57 76 83 85 69 75 26 1
CMC Materials, Inc. 5.1B 65 78 73 87 82 81 27 1
Tower Semiconductor Ltd. 5.1B 68 72 69 61 58 65 28 1
Synaptics Incorporated 4.9B 71 71 79 92 76 81 29 1
Power Integrations, Inc. 4.4B 56 82 58 79 53 61 30 1
Amkor Technology, Inc. 4.2B 70 68 75 74 77 75 31 1
Cirrus Logic, Inc. 4.1B 73 76 81 96 73 86 32 1
Allegro MicroSystems, Inc. 4.0B 68 69 74 81 76 74 33 1
Semtech Corporation 3.5B 58 79 68 67 64 67 34 1
MACOM Technology Solutions Holdings, Inc. 3.3B 65 75 74 38 74 70 35 1
FormFactor, Inc. 3.1B 72 70 84 82 80 84 36 1
Diodes Incorporated 3.0B 47 78 71 51 71 62 37 1
SunPower Corporation 3.0B 72 81 42 83 54 61 38 1
Silicon Motion Technology Corporation 2.8B 40 85 60 40 48 54 39 1
MaxLinear, Inc. 2.7B 68 71 75 85 74 76 40 1
Nova Ltd. 2.7B 86 45 75 48 82 61 41 1
Ambarella, Inc. 2.6B 46 75 74 86 65 64 42 1
Kulicke and Soffa Industries, Inc. 2.6B 46 83 60 76 56 58 43 1
Canadian Solar Inc. 2.0B 91 54 59 62 62 59 44 1
Axcelis Technologies, Inc. 1.9B 76 68 84 71 73 81 45 1
Credo Technology Group Holding Ltd 1.7B 94 61 78 79 86 88 46 1
Himax Technologies, Inc. 1.6B 78 55 91 85 95 77 47 1
Impinj, Inc. 1.4B 63 68 79 39 92 72 48 1
Ultra Clean Holdings, Inc. 1.4B 56 78 69 48 67 63 49 1
Cohu, Inc. 1.3B 53 82 57 59 58 58 50 1
Photronics, Inc. 1.2B 53 85 66 76 66 69 51 1
SMART Global Holdings, Inc. 1.0B 89 63 75 95 82 86 52 1
Veeco Instruments Inc. 1.0B 84 71 41 78 47 58 53 1
Alpha and Omega Semiconductor Limited 929.5M 89 63 68 87 67 77 54 1
PDF Solutions, Inc. 808.6M 54 81 63 90 51 63 55 1
CEVA, Inc. 778.5M 81 74 60 87 60 73 56 1
Ichor Holdings, Ltd. 754.1M 59 76 66 38 63 60 57 1
Maxeon Solar Technologies, Ltd. 575.9M 87 68 40 78 38 53 58 1
Enphase Energy, Inc. 25.7B 89 60 39 97 56 58 59 1
Wolfspeed, Inc. 8.2B 96 63 59 97 55 74 60 1
Daqo New Energy Corp. 5.0B 91 62 81 95 93 93 61 1
SiTime Corporation 3.6B 57 67 66 73 64 59 62 1
Onto Innovation Inc. 3.6B 83 70 67 72 73 78 63 1
JinkoSolar Holding Co., Ltd. 3.2B 86 62 77 94 94 89 64 1
Camtek Ltd. 1.1B 63 61 82 37 90 66 65 1
ACM Research, Inc. 917.6M 87 57 51 43 50 52 66 1
NeoPhotonics Corporation 838.5M 89 66 49 72 64 66 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 60 93 47 85 74 72 68 1
indie Semiconductor, Inc. 720.1M 48 54 72 56 55 44 69 1
Magnachip Semiconductor Corporation 667.1M 56 78 79 72 72 74 70 1
Mykrolis Corp. 657.1M 77 53 73 92 79 72 71 1
Navitas Semiconductor Corporation 533.1M 37 80 80 62 79 67 72 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 60 71 61 60 69 56 73 1
Rigetti Computing, Inc. 413.5M 93 62 85 99 98 98 74 1
Meta Materials Inc. 396.9M 51 78 42 41 51 42 75 1
Helix Technology Corporation 364.9M 65 78 79 85 52 65 76 1
Valens Semiconductor Ltd. 357.2M 92 70 66 45 72 75 77 1
Rockley Photonics Holdings Limited 305.7M 49 82 40 37 52 42 78 1
CyberOptics Corporation 272.8M 71 66 72 64 86 75 79 1
Transphorm, Inc. 255.8M 41 86 39 47 54 45 80 1

Income Statement Analysis

Rambus appears likely to maintain its strong income statement metrics and momentum going forward. Rambus's management did a remarkable job this period managing its EBITDA. In terms of the raw numbers, EBITDA was reported as 97.3, which represents a 16.6% change from the last period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 13.2%. Their EBITDA metrics are even more impressive relative to their peers and competitors, and its likely the stock price has room to grow to reflect its intrinsic value accurately. Consequently, their EBITDA movement received a grade of 86. Also, Rambus's reported return on equity (ROE) ratio was -5.3, representing a change of -357.5%. The company appears headed in the right direction in terms of these return factors, exhibiting prudent capital expenditure growth compared to its peers. Therefore, its return factors component earned a score of 60. That said, one metric, Revenue Efficiency, stood out as particularly concerning. Rambus management did an underwhelming job managing revenue efficiency this past period. Rambus's revenue efficiency is 357.0 according to the metrics in the current filing, which represents a 8.7% change from the previous report. This metric might have a 18.5 percent impact on companies in the same industry and with the same market capitalization. Its uninspiring revenue efficiency is even more concerning relative to its peers and competitors in the current market. Its revenue efficiency, therefore, received a grade of 48. Therefore, we scored its income statement a 64.

Parameter Value Change Score
EBITDA 97.3 16.6% 86
Total Revenues 357.0 8.7% 48
Return on Equity -5.3 -357.5% 60
* All values are TTM

The below chart describes Rambus's performance as reflected on its income statement with respect to its peers. While Rambus received a income statement score of 64 , the average of its peers stands on 70.0.

  •  RMBS
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
NVIDIA Corporation 400.2B 46 83 67 63 0 1
Intel Corporation 154.5B 90 55 74 76 1 1
QUALCOMM Incorporated 147.4B 48 87 78 66 2 1
Texas Instruments Incorporated 142.2B 69 78 70 74 3 1
Advanced Micro Devices, Inc. 130.9B 40 89 38 59 4 1
Broadcom Inc. 102.5B 59 80 90 71 5 1
Applied Materials, Inc. 82.7B 72 68 73 72 6 1
Analog Devices, Inc. 77.2B 40 91 92 65 7 1
Micron Technology, Inc. 64.6B 59 87 90 74 8 1
Lam Research Corporation 60.8B 80 64 75 74 9 1
KLA Corporation 49.3B 56 77 76 67 10 1
NXP Semiconductors N.V. 40.5B 59 79 90 71 11 1
Marvell Technology, Inc. 38.5B 41 89 87 64 12 1
Microchip Technology Incorporated 33.0B 57 83 92 71 13 1
GLOBALFOUNDRIES Inc. 23.9B 50 92 86 70 14 1
ON Semiconductor Corporation 22.9B 53 92 94 73 15 1
Monolithic Power Systems, Inc. 18.5B 45 90 83 66 16 1
Skyworks Solutions, Inc. 15.5B 69 71 63 70 17 1
SolarEdge Technologies, Inc. 15.5B 41 70 48 53 18 1
Teradyne, Inc. 15.3B 88 57 62 75 19 1
Entegris, Inc. 14.1B 56 80 80 69 20 1
Qorvo, Inc. 10.2B 76 65 63 72 21 1
First Solar, Inc. 7.2B 98 43 40 73 22 1
Lattice Semiconductor Corporation 6.8B 54 88 89 71 23 1
MKS Instruments, Inc. 5.8B 78 67 65 74 24 1
Silicon Laboratories Inc. 5.3B 44 96 98 70 25 1
Universal Display Corporation 5.2B 71 64 61 68 26 1
CMC Materials, Inc. 5.1B 72 75 93 76 27 1
Tower Semiconductor Ltd. 5.1B 63 87 82 79 28 1
Synaptics Incorporated 4.9B 45 91 90 68 29 1
Power Integrations, Inc. 4.4B 80 76 82 80 30 1
Amkor Technology, Inc. 4.2B 63 76 77 70 31 1
Cirrus Logic, Inc. 4.1B 42 92 93 67 32 1
Allegro MicroSystems, Inc. 4.0B 68 48 69 61 33 1
Semtech Corporation 3.5B 64 84 87 75 34 1
MACOM Technology Solutions Holdings, Inc. 3.3B 74 77 72 76 35 1
FormFactor, Inc. 3.1B 79 76 83 80 36 1
Diodes Incorporated 3.0B 66 83 86 76 37 1
SunPower Corporation 3.0B 49 43 74 49 38 1
Silicon Motion Technology Corporation 2.8B 54 83 78 72 39 1
MaxLinear, Inc. 2.7B 56 92 96 75 40 1
Nova Ltd. 2.7B 41 89 78 69 41 1
Ambarella, Inc. 2.6B 56 89 79 72 42 1
Kulicke and Soffa Industries, Inc. 2.6B 73 82 85 79 43 1
Canadian Solar Inc. 2.0B 73 76 53 72 44 1
Axcelis Technologies, Inc. 1.9B 44 91 91 67 45 1
Credo Technology Group Holding Ltd 1.7B 38 88 61 60 46 1
Himax Technologies, Inc. 1.6B 53 84 66 70 47 1
Impinj, Inc. 1.4B 64 53 51 59 48 1
Ultra Clean Holdings, Inc. 1.4B 53 73 71 63 49 1
Cohu, Inc. 1.3B 92 53 49 75 50 1
Photronics, Inc. 1.2B 55 86 92 71 51 1
SMART Global Holdings, Inc. 1.0B 48 87 66 65 52 1
Veeco Instruments Inc. 1.0B 66 84 91 76 53 1
Alpha and Omega Semiconductor Limited 929.5M 62 75 76 69 54 1
PDF Solutions, Inc. 808.6M 49 95 88 71 55 1
CEVA, Inc. 778.5M 51 90 97 71 56 1
Ichor Holdings, Ltd. 754.1M 72 60 54 67 57 1
Maxeon Solar Technologies, Ltd. 575.9M 50 49 60 49 58 1
Enphase Energy, Inc. 25.7B 45 74 55 57 59 1
Wolfspeed, Inc. 8.2B 49 90 86 69 60 1
Daqo New Energy Corp. 5.0B 37 95 94 65 61 1
SiTime Corporation 3.6B 40 93 78 64 62 1
Onto Innovation Inc. 3.6B 47 87 89 67 63 1
JinkoSolar Holding Co., Ltd. 3.2B 38 89 82 62 64 1
Camtek Ltd. 1.1B 50 81 71 68 65 1
ACM Research, Inc. 917.6M 88 43 42 67 66 1
NeoPhotonics Corporation 838.5M 45 95 90 69 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 90 59 63 70 68 1
indie Semiconductor, Inc. 720.1M 37 46 71 43 69 1
Magnachip Semiconductor Corporation 667.1M 94 80 88 90 70 1
Mykrolis Corp. 657.1M 68 68 58 67 71 1
Navitas Semiconductor Corporation 533.1M 56 44 74 53 72 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 87 49 76 66 73 1
Rigetti Computing, Inc. 413.5M 92 43 69 72 74 1
Meta Materials Inc. 396.9M 37 45 72 43 75 1
Helix Technology Corporation 364.9M 89 47 50 74 76 1
Valens Semiconductor Ltd. 357.2M 41 86 65 65 77 1
Rockley Photonics Holdings Limited 305.7M 97 50 85 79 78 1
CyberOptics Corporation 272.8M 54 86 87 71 79 1
Transphorm, Inc. 255.8M 37 81 97 68 80 1

Cash Flow Analysis

Net Cash Flow and Capex stand out as the most significant drivers of Rambus's cash flow's strength. Rambus's management was effective in improving their net cash flow, which now sits at 69.6 and represents a 430.4% change from the previous report. Their net cash flow metrics are especially remarkable relative to their peers. Hence, its net cash flow earned a score of 96. Also, Rambus's management was effective in improving its CapEx, which now sits at -12.0 and represents 13.3% change from the previous report. This performance is all the more impressive relative to their peers and competitors. The company's CapEx movement, therefore, received a grade of 89. However, one discouraging result, Free Cash flow, stood out. Rambus's published free cash flow numbers were subpar and could mean that management has lost focus on achieving healthy growth. Rambus recorded free cash flow of 1.8, which represents 1.6% growth from the previous report. Companies in the same sector and market capitalization will usually be affected by up to 7.4 percent by this parameter. Their free cash flow situation is more concerning relative to their peers and competitors. Consequently, their free cash flow movement received a grade of 73. Consequently, its cash flow earned a score of 89.

Parameter Value Change Score
Net Cashflow 69.6 430.4% 96
Capital Expenditure -12.0 13.3% 89
Asset Turnover 0.3 17.6% 88
Free Cashflow 1.8 1.6% 73
* All values are TTM

The below chart describes Rambus's performance as reflected on its cash flow with respect to its peers. While Rambus received a cash flow score of 89, the average of its peers stands on 70.0.

  •  RMBS
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
NVIDIA Corporation 400.2B 93 65 61 86 82 0 1
Intel Corporation 154.5B 58 72 68 53 58 1 1
QUALCOMM Incorporated 147.4B 65 65 70 87 77 2 1
Texas Instruments Incorporated 142.2B 74 74 63 69 70 3 1
Advanced Micro Devices, Inc. 130.9B 93 66 69 37 57 4 1
Broadcom Inc. 102.5B 75 76 87 89 85 5 1
Applied Materials, Inc. 82.7B 75 59 69 72 69 6 1
Analog Devices, Inc. 77.2B 78 76 51 94 84 7 1
Micron Technology, Inc. 64.6B 81 85 81 74 80 8 1
Lam Research Corporation 60.8B 72 60 56 75 69 9 1
KLA Corporation 49.3B 70 76 52 79 74 10 1
NXP Semiconductors N.V. 40.5B 59 72 51 85 73 11 1
Marvell Technology, Inc. 38.5B 94 84 58 46 65 12 1
Microchip Technology Incorporated 33.0B 80 79 48 84 79 13 1
GLOBALFOUNDRIES Inc. 23.9B 54 86 45 64 63 14 1
ON Semiconductor Corporation 22.9B 60 79 55 74 70 15 1
Monolithic Power Systems, Inc. 18.5B 84 78 59 74 77 16 1
Skyworks Solutions, Inc. 15.5B 78 57 79 73 71 17 1
SolarEdge Technologies, Inc. 15.5B 46 38 55 52 43 18 1
Teradyne, Inc. 15.3B 75 65 66 68 68 19 1
Entegris, Inc. 14.1B 61 57 50 76 65 20 1
Qorvo, Inc. 10.2B 78 65 87 71 73 21 1
First Solar, Inc. 7.2B 47 85 56 46 53 22 1
Lattice Semiconductor Corporation 6.8B 79 77 43 82 77 23 1
MKS Instruments, Inc. 5.8B 58 58 92 56 59 24 1
Silicon Laboratories Inc. 5.3B 71 89 81 87 86 25 1
Universal Display Corporation 5.2B 75 81 68 65 71 26 1
CMC Materials, Inc. 5.1B 72 66 68 80 74 27 1
Tower Semiconductor Ltd. 5.1B 76 57 55 59 68 28 1
Synaptics Incorporated 4.9B 85 62 98 55 66 29 1
Power Integrations, Inc. 4.4B 88 77 64 82 82 30 1
Amkor Technology, Inc. 4.2B 46 57 62 71 60 31 1
Cirrus Logic, Inc. 4.1B 83 98 61 90 90 32 1
Allegro MicroSystems, Inc. 4.0B 56 56 77 56 56 33 1
Semtech Corporation 3.5B 79 78 58 79 77 34 1
MACOM Technology Solutions Holdings, Inc. 3.3B 46 78 54 78 68 35 1
FormFactor, Inc. 3.1B 78 81 66 58 67 36 1
Diodes Incorporated 3.0B 77 61 52 80 72 37 1
SunPower Corporation 3.0B 84 41 39 93 74 38 1
Silicon Motion Technology Corporation 2.8B 63 53 46 85 61 39 1
MaxLinear, Inc. 2.7B 90 92 80 81 88 40 1
Nova Ltd. 2.7B 58 53 39 58 54 41 1
Ambarella, Inc. 2.6B 84 95 45 75 79 42 1
Kulicke and Soffa Industries, Inc. 2.6B 93 81 83 74 82 43 1
Canadian Solar Inc. 2.0B 69 70 74 66 71 44 1
Axcelis Technologies, Inc. 1.9B 81 77 68 84 82 45 1
Credo Technology Group Holding Ltd 1.7B 60 85 37 43 53 46 1
Himax Technologies, Inc. 1.6B 66 77 48 77 66 47 1
Impinj, Inc. 1.4B 70 38 85 73 65 48 1
Ultra Clean Holdings, Inc. 1.4B 68 41 41 76 61 49 1
Cohu, Inc. 1.3B 92 62 71 44 59 50 1
Photronics, Inc. 1.2B 65 92 96 79 82 51 1
SMART Global Holdings, Inc. 1.0B 48 85 95 53 62 52 1
Veeco Instruments Inc. 1.0B 74 82 48 69 71 53 1
Alpha and Omega Semiconductor Limited 929.5M 49 64 45 60 54 54 1
PDF Solutions, Inc. 808.6M 81 98 45 92 89 55 1
CEVA, Inc. 778.5M 57 54 84 83 71 56 1
Ichor Holdings, Ltd. 754.1M 51 37 87 70 58 57 1
Maxeon Solar Technologies, Ltd. 575.9M 87 90 59 88 84 58 1
Enphase Energy, Inc. 25.7B 89 77 64 41 60 59 1
Wolfspeed, Inc. 8.2B 57 74 76 46 55 60 1
Daqo New Energy Corp. 5.0B 78 86 63 96 89 61 1
SiTime Corporation 3.6B 83 87 56 44 62 62 1
Onto Innovation Inc. 3.6B 94 65 88 85 85 63 1
JinkoSolar Holding Co., Ltd. 3.2B 68 69 73 78 74 64 1
Camtek Ltd. 1.1B 69 70 74 72 71 65 1
ACM Research, Inc. 917.6M 61 43 50 54 50 66 1
NeoPhotonics Corporation 838.5M 50 63 67 87 71 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 64 63 74 73 68 68 1
indie Semiconductor, Inc. 720.1M 69 80 52 98 85 69 1
Magnachip Semiconductor Corporation 667.1M 65 56 76 54 57 70 1
Mykrolis Corp. 657.1M 65 69 68 82 75 71 1
Navitas Semiconductor Corporation 533.1M 70 87 94 93 90 72 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 66 64 68 94 73 73 1
Rigetti Computing, Inc. 413.5M 48 76 51 60 58 74 1
Meta Materials Inc. 396.9M 85 56 68 97 84 75 1
Helix Technology Corporation 364.9M 75 62 63 56 61 76 1
Valens Semiconductor Ltd. 357.2M 53 89 90 47 66 77 1
Rockley Photonics Holdings Limited 305.7M 79 72 66 47 60 78 1
CyberOptics Corporation 272.8M 49 74 89 77 72 79 1
Transphorm, Inc. 255.8M 81 88 96 95 88 80 1

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