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$RMBS

6 stories mentioning RMBS

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Wire

Update: Rambus Shares Drop After Baird Downgrade, Q1 Non-GAAP Earnings Miss

(Updates with latest stock price movement and analyst rating in the headline and first paragraph.)Rambus (RMBS) shares dropped nearly 21% in Tuesday afternoon trading after Baird downgraded the stock to neutral from outperform, with a $120 price target, and the company's Q1 non-GAAP earnings missed analysts' estimates.The company reported Q1 non-GAAP earnings late Monday of $0.63 per diluted share, up from $0.59 a year earlier.Analysts polled by FactSet expected $0.64.Revenue for the quarter ended March 31 was $180.2 million, up from $166.7 million a year earlier.Analysts surveyed by FactSet expected $179.9 million.Price: $111.77, Change: $-29.39, Percent Change: -20.82%

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Equities

Top Premarket Decliners

Erasca (ERAS) shares were down 48% in Tuesday premarket activity, continuing Monday's loss.Greenland Energy (GLND) stock was 37% lower after the company said late Monday it priced a $70 million offering of 17.5 million shares at $4 apiece.High-Trend International (HTCO) shares were down 24%, shaving gains from the previous session.Rambus (RMBS) shares were 18% lower after Baird downgraded the company to neutral from outperform.NOV (NOV) stock was down 2% after the company posted overnight lower Q1 net income and revenue.

$ERAS$GLND$HTCO$NOV$RMBS
Research

Baird Downgrades Rambus to Neutral From Outperform, Price Target is $120

Rambus (RMBS) has an average rating of overweight and mean price target of $138, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Research

Research Alert: Largely In-line Quarter And Guidance Not Good Enough For Investors

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:RMBS posted Q1 revenue of $180.2M (+8% Y/Y), beating the $170M consensus, driven by product revenue of $88.0M (+15% Y/Y) from DDR5 leadership and AI solutions. Non-GAAP EPS of $0.63 (+7% Y/Y) missed the $0.64 consensus despite strong top-line performance. The continued strength in memory interface solutions reflects sustained market leadership as data center and AI applications demand higher bandwidth capabilities. Q2 guidance implies total revenue of $199M at midpoint, with product revenue projected at $95M-$101M and licensing billings of $76M-$82M. Operating margins faced pressure, declining to 42% non-GAAP due to higher expenses, though cash generation remained strong at $83.2M. The balance sheet strengthened with cash reaching $786.1M and no long-term debt, providing resources for R&D investment. We believe the revenue mix shift toward higher-growth products (now 49% of total) positions RMBS well, though we caution that memory constraints or server bottlenecks could create headwinds going forward.

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Insider Trading

Rambus Insider Sold Shares Worth $446,692, According to a Recent SEC Filing

Meera Rao, Director, on April 24, 2026, sold 2,972 shares in Rambus (RMBS) for $446,692. Following the Form 4 filing with the SEC, Rao has control over a total of 19,974 common shares of the company, with 19,974 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/917273/000119312526181219/xslF345X05/ownership.xmlPrice: $143.72, Change: $-14.68, Percent Change: -9.27%

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Insider Trading

Rambus Insider Sold Shares Worth $1,008,167, According to a Recent SEC Filing

Meera Rao, Director, on April 14, 2026, sold 8,538 shares in Rambus (RMBS) for $1,008,167. Following the Form 4 filing with the SEC, Rao has control over a total of 22,946 common shares of the company, with 22,946 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/917273/000119312526157265/xslF345X05/ownership.xml

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