Key Points
- Insider sale: Rambus director Meera Rao sold 2,972 shares on April 24 at an average price of $150.30 for ~$446,692, cutting her stake by 12.95% to 19,974 shares; she had also sold 8,538 shares on April 14 at $118.08.
- Q1 results and market reaction: Rambus beat modestly with EPS $0.63 and revenue $180.19M and reported strong margins and cash generation, but mixed guidance ($190M–$208M) and mixed analyst takes triggered about a 10.8% stock decline.
Rambus, Inc. (NASDAQ:RMBS - Get Free Report) Director Meera Rao sold 2,972 shares of Rambus stock in a transaction on Friday, April 24th. The shares were sold at an average price of $150.30, for a total value of $446,691.60. Following the completion of the sale, the director owned 19,974 shares in the company, valued at $3,002,092.20. This represents a 12.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Meera Rao also recently made the following trade(s):
- On Tuesday, April 14th, Meera Rao sold 8,538 shares of Rambus stock. The stock was sold at an average price of $118.08, for a total value of $1,008,167.04.
Rambus Trading Down 10.8%
Shares of RMBS opened at $141.34 on Tuesday. The company's 50-day moving average price is $102.48 and its 200 day moving average price is $101.26. Rambus, Inc. has a 12-month low of $46.57 and a 12-month high of $161.80. The firm has a market cap of $15.29 billion, a P/E ratio of 66.99 and a beta of 1.63.
Rambus (NASDAQ:RMBS - Get Free Report) last announced its earnings results on Monday, April 27th. The semiconductor company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. Rambus had a net margin of 32.57% and a return on equity of 17.69%. The company had revenue of $180.19 million during the quarter, compared to analyst estimates of $179.94 million. Equities research analysts forecast that Rambus, Inc. will post 2.49 earnings per share for the current year.
More Rambus News
Here are the key news stories impacting Rambus this week:
- Positive Sentiment: Q1 results: Rambus reported GAAP revenue of ~$180.2M and EPS of $0.63, modestly beating consensus EPS and revenue estimates; the quarter showed strong licensing billings and healthy margins. Rambus Reports First Quarter 2026 Financial Results
- Positive Sentiment: Cash generation looked solid (company-reported operating cash flow), supporting balance-sheet strength and optionality for R&D/licensing investments. Rambus Reports First Quarter 2026 Financial Results
- Positive Sentiment: AI opportunity and product catalysts: coverage highlights Rambus’ SOCAMM2 AI memory/IP positioning as a potential growth driver that helped lift sentiment into the print. Rambus (RMBS) Valuation Check As SOCAMM2 AI Memory Launch And Q1 2026 Expectations Lift Sentiment
- Neutral Sentiment: Guidance: management set Q2 revenue guidance of $190M–$208M (consensus ~ $196.2M) — the midpoint is near Street expectations but the wide range leaves room for upside or downside, which can drive volatility. (See earnings presentation and call for detail.) View Press Release / Slide Deck
- Neutral Sentiment: Earnings call and analyst commentary: management commentary (earnings call transcript) and independent write-ups provide context on product cadence and go-to-market; useful for judging how quickly AI-related revenue could scale. Rambus Inc. (RMBS) Q1 2026 Earnings Call Transcript
- Neutral Sentiment: Analyst landscape is mixed: recent buys/outperforms exist but price targets vary (median/consensus targets materially differ), so Street sentiment is not uniform. Rambus: A Potential Game-Changer in AI Infrastructure?
- Negative Sentiment: Market reaction: several outlets report the stock sank after the print and guidance, indicating investor disappointment or profit-taking after a pre-earnings run-up. Rambus Stock Sinks After Mixed Q1 Earnings Report
- Negative Sentiment: Conflicting metric takes: some third‑party summaries showed misses on diluted EPS or slight revenue shortfalls versus different consensus numbers—these mixed optics amplify volatility. Rambus Inc. (RMBS) Stock Falls on Q1 2026 Earnings
- Negative Sentiment: Insider selling: recent director share sale was disclosed, which some investors view as a modest negative signal on near-term insider conviction. Insider Sale Filing
Hedge Funds Weigh In On Rambus
Several institutional investors have recently modified their holdings of the business. Invesco Ltd. increased its position in shares of Rambus by 70.6% during the fourth quarter. Invesco Ltd. now owns 4,148,653 shares of the semiconductor company's stock worth $381,220,000 after acquiring an additional 1,716,621 shares during the period. Norges Bank purchased a new position in Rambus in the fourth quarter valued at $156,356,000. Alliancebernstein L.P. boosted its holdings in Rambus by 572.7% in the third quarter. Alliancebernstein L.P. now owns 1,822,030 shares of the semiconductor company's stock valued at $189,856,000 after purchasing an additional 1,551,159 shares during the period. Bank of America Corp DE grew its stake in Rambus by 196.0% during the 3rd quarter. Bank of America Corp DE now owns 1,550,665 shares of the semiconductor company's stock worth $161,579,000 after purchasing an additional 1,026,776 shares in the last quarter. Finally, Rafferty Asset Management LLC purchased a new stake in Rambus during the 3rd quarter worth about $93,962,000. Institutional investors and hedge funds own 88.54% of the company's stock.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Evercore cut their target price on Rambus from $126.00 to $119.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 3rd. William Blair assumed coverage on Rambus in a research report on Thursday, January 22nd. They set an "outperform" rating for the company. Zacks Research raised Rambus to a "hold" rating in a research note on Monday, January 26th. Rosenblatt Securities reissued a "buy" rating and set a $130.00 target price on shares of Rambus in a research note on Tuesday, February 3rd. Finally, Susquehanna lowered their target price on Rambus from $100.00 to $90.00 and set a "neutral" rating for the company in a report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $105.71.
Check Out Our Latest Research Report on Rambus
About Rambus
(
Get Free Report)
Rambus Inc is a technology licensing company specializing in semiconductor and system-level interface solutions. Founded in 1990 by Stanford University researchers Mike Farmwald and Mark Horowitz, Rambus established its headquarters in Sunnyvale, California. The company initially gained prominence by developing high-speed DRAM interface technology and securing a broad patent portfolio covering memory architecture, data signaling and power management innovations.
Today, Rambus licenses its proprietary intellectual property (IP) to semiconductor companies, original equipment manufacturers (OEMs) and system integrators worldwide.
Further Reading
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