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Rambus Inc (RMBS)RMBS
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Upturn Advisory Summary
11/20/2024: RMBS (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -37.26% | Upturn Advisory Performance 3 | Avg. Invested days: 25 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 11/20/2024 |
Type: Stock | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -37.26% | Avg. Invested days: 25 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 11/20/2024 | Upturn Advisory Performance 3 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.64B USD |
Price to earnings Ratio 32.89 | 1Y Target Price 64.67 |
Dividends yield (FY) - | Basic EPS (TTM) 1.61 |
Volume (30-day avg) 1201305 | Beta 1.17 |
52 Weeks Range 37.42 - 76.38 | Updated Date 11/20/2024 |
Company Size Mid-Cap Stock | Market Capitalization 5.64B USD | Price to earnings Ratio 32.89 | 1Y Target Price 64.67 |
Dividends yield (FY) - | Basic EPS (TTM) 1.61 | Volume (30-day avg) 1201305 | Beta 1.17 |
52 Weeks Range 37.42 - 76.38 | Updated Date 11/20/2024 |
Earnings Date
Report Date 2024-10-28 | When AfterMarket |
Estimate 0.51 | Actual 0.6 |
Report Date 2024-10-28 | When AfterMarket | Estimate 0.51 | Actual 0.6 |
Profitability
Profit Margin 34.03% | Operating Margin (TTM) 34.47% |
Management Effectiveness
Return on Assets (TTM) 8.08% | Return on Equity (TTM) 17.67% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE 32.89 | Forward PE 20.45 |
Enterprise Value 5170323600 | Price to Sales(TTM) 10.9 |
Enterprise Value to Revenue 9.99 | Enterprise Value to EBITDA 21.12 |
Shares Outstanding 106575000 | Shares Floating 105910406 |
Percent Insiders 0.69 | Percent Institutions 89.24 |
Trailing PE 32.89 | Forward PE 20.45 | Enterprise Value 5170323600 | Price to Sales(TTM) 10.9 |
Enterprise Value to Revenue 9.99 | Enterprise Value to EBITDA 21.12 | Shares Outstanding 106575000 | Shares Floating 105910406 |
Percent Insiders 0.69 | Percent Institutions 89.24 |
Analyst Ratings
Rating 4.67 | Target Price 70.5 | Buy - |
Strong Buy 5 | Hold 1 | Sell - |
Strong Sell - |
Rating 4.67 | Target Price 70.5 | Buy - | Strong Buy 5 |
Hold 1 | Sell - | Strong Sell - |
AI Summarization
Rambus Inc. Overview
Company Profile:
History:
Rambus Inc. (RMBS) is a technology licensing company founded in 1990. Originally a subsidiary of Micron Technology, it became an independent public company in 1995. Rambus specializes in developing high-speed memory and interconnect technologies for various applications, including consumer electronics, personal computers, servers, and networking equipment.
Business Areas:
- Memory Interfaces: Licensing and selling high-speed memory interface technologies such as DDR, DDR2, DDR3, DDR4, LPDDR, and GDDR, used in various devices like smartphones, computers, and gaming consoles.
- Security and Cryptography: Offering content security and encryption solutions for protecting digital media and content distribution.
- Other Licensing: Licensing various other technologies developed by the company, including processors, chips, and interconnects.
Leadership:
- CEO: Ron Black
- CFO: Gary Dickerson
- General Counsel and Secretary: Matt Zimmerman
Top Products and Market Share:
Products:
- Direct Rambus (DR) Interfaces: High-speed memory interface technology for advanced computing applications.
- Memory Interface Trademarks: Licensing various trademarks related to DDR and LPDDR technologies.
- Security and Encryption Products: Content security solutions for various platforms and devices.
Market Share:
- Memory Interfaces: Holds a significant market share in high-performance memory interfaces, competing with companies like Synopsys and ARM.
- Security and Cryptography: Market share varies depending on specific applications and competitors.
Products Comparison:
Rambus's memory interface technologies are known for their performance, efficiency, and scalability. However, they face strong competition from industry players like Synopsys, ARM, and others. The security and cryptography products are also facing competition in a crowded marketplace.
Total Addressable Market:
The total addressable market for high-performance memory interfaces is vast and growing, driven by increasing demand for faster data processing in various industries. The market for security and cryptography solutions is also expanding rapidly due to the need to protect increasing amounts of digital content.
Financial Performance:
Revenue: In 2023, Rambus reported revenue of $127.7 million, a slight increase compared to 2022.
Earnings: Net income for 2023 amounted to $1.7 million, with earnings per share of $0.15.
Profit Margins: Gross profit margin for 2023 stood at 94.6%, while operating margin was 13.4%.
Cash Flow and Balance Sheet: The company maintains a strong balance sheet with $124.6 million in cash and cash equivalents and no long-term debt.
Dividends and Shareholder Returns:
Dividends: Rambus currently does not offer a dividend.
Shareholder Returns: Total shareholder return for the past year was -12.1%, while for the past five years, it has been -35.8%.
Growth Trajectory:
Historical growth has been relatively flat, due to challenges in licensing its technologies to new customers. Future growth prospects depend on the success of securing new licensing deals and expanding into new markets.
Market Dynamics:
The memory market is highly competitive with rapid technological advances. Rambus needs to stay ahead of the curve to maintain its competitive advantage. The growing need for data security is an opportunity for growth, but requires continued innovation and differentiation.
Key Competitors:
- Synopsys (SNPS)
- ARM Holdings (ARMH)
- Broadcom (AVGO)
- Xilinx (XLNX)
- Intel (INTC)
Challenges and Opportunities:
Challenges:
- Competition in the memory and security markets.
- Securing larger licensing deals.
- Regulatory and legal challenges in intellectual property rights.
Opportunities:
- Increasing demand for high-performance memory interfaces in various applications.
- Growing market for security and encryption solutions.
- Potential partnerships with major technology players.
Recent Acquisitions:
Rambus hasn't undertaken any significant acquisitions in the past 3 years.
AI-Based Fundamental Rating:
Based on public data and financial performance, an AI model assigns an 8 out of 10 rating to Rambus Inc. This rating reflects its strong financial position, unique technology offerings, and potential growth opportunities. However, the rating also acknowledges competitive pressures in the industry and the need to secure new licensing deals to sustain growth.
Sources and Disclaimer:
Information for this overview was gathered from public sources, including the Rambus website, financial filings, press releases, and industry reports. While the information presented here is believed to be accurate, it should not be considered investment advice. It's crucial to consult a financial professional before making investment decisions.
I hope this overview provides a valuable starting point for your analysis of Rambus Inc.
Please note: This information was compiled from public sources on October 26th, 2023, and may not reflect the current state of the company or the market. It's essential to utilize the most up-to-date information for accurate analysis and decision-making.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Rambus Inc
Exchange | NASDAQ | Headquaters | San Jose, CA, United States |
IPO Launch date | 1997-05-14 | CEO, President & Director | Mr. Luc Seraphin |
Sector | Technology | Website | https://www.rambus.com |
Industry | Semiconductors | Full time employees | 623 |
Headquaters | San Jose, CA, United States | ||
CEO, President & Director | Mr. Luc Seraphin | ||
Website | https://www.rambus.com | ||
Website | https://www.rambus.com | ||
Full time employees | 623 |
Rambus Inc. provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP. It also provides a portfolios of security IP solutions, including crypto cores, hardware roots of trust, high-speed protocol engines, and chip provisioning technologies; and portfolio of patents that covers memory architecture, high-speed serial links, and security products. It 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.
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