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SAN JOSE & SANTA CLARA, Calif.--(BUSINESS WIRE)-- #AgenticAI--Rambus and ChipAgents collaborate to accelerate chip design with Agentic AI. Rambus has also become a strategic investor in ChipAgents.

CWA Asset Management Group LLC lowered its stake in shares of Rambus, Inc. (NASDAQ:RMBS – Free Report) by 25.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,298 shares of the semiconductor company’s stock after selling 8,696 shares during the quarter. CWA Asset Management Group LLC’s holdings in Rambus were worth $2,701,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Novem Group lifted its position in shares of Rambus by 9.0% during the third quarter. Novem Group now owns 9,358 shares of the semiconductor company’s stock worth $999,000 after acquiring an additional 769 shares in the last quarter. Vontobel Holding Ltd. grew its position in shares of Rambus by 58.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 9,920 shares of the semiconductor company’s stock valued at $1,059,000 after purchasing an additional 3,668 shares in the last quarter. Walser Wealth Management Company A Ltd Liability Co increased its holdings in shares of Rambus by 11.7% in the third quarter. Walser Wealth Management Company A Ltd Liability Co now owns 2,825 shares of the semiconductor company’s stock worth $302,000 after purchasing an additional 297 shares during the period. Assenagon Asset Management S.A. boosted its stake in Rambus by 304.4% during the third quarter. Assenagon Asset Management S.A. now owns 128,997 shares of the semiconductor company’s stock valued at $13,772,000 after buying an additional 97,101 shares during the period. Finally, Krilogy Financial LLC increased its stake in Rambus by 41.9% in the 3rd quarter. Krilogy Financial LLC now owns 3,108 shares of the semiconductor company’s stock worth $314,000 after acquiring an additional 918 shares during the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Analyst Ratings Changes Several brokerages have issued reports on RMBS. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rambus in a research note on Wednesday, September 2nd. Benchmark restated a “buy” rating on shares of Rambus in a report on Tuesday, July 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $165.00 target price on shares of Rambus in a research report on Tuesday, July 28th. Finally, Glj Research set a $165.00 price objective on Rambus in a research note on Tuesday, July 28th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.88.

Check Out Our Latest Analysis on RMBS Rambus Stock Performance RMBS stock opened at $92.42 on Wednesday. The firm has a 50 day moving average price of $94.90 and a 200-day moving average price of $112.18. Rambus, Inc. has a 52-week low of $77.89 and a 52-week high of $174.10. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 41.37 and a beta of 1.85.

Rambus (NASDAQ:RMBS – Get Free Report) last released its earnings results on Monday, July 27th. The semiconductor company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. The firm had revenue of $207.39 million for the quarter, compared to analysts’ expectations of $199.30 million. Rambus had a return on equity of 17.89% and a net margin of 31.69%. The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share. As a group, sell-side analysts forecast that Rambus, Inc. will post 2.52 earnings per share for the current fiscal year.

Rambus Company Profile (Free Report)

Rambus Inc is a semiconductor technology company that develops and licenses intellectual property for memory and data-processing systems. Its technologies are designed to support higher bandwidth, improved performance, reliability and security across data centers, artificial intelligence and high-performance computing platforms, as well as other computing and communications applications.

The company offers memory interface products and intellectual property, including solutions for DDR5 and other advanced memory architectures, high-bandwidth memory, memory modules and associated system components.

See Also Five stocks we like better than Rambus Aurora Rejects Curaleaf’s Higher Bid, But the Takeover Fight Isn’t Over Centrus Energy Is Building a Nuclear Fuel Powerhouse—Why Is Its Stock Struggling? Halliburton Gains Traction: Multiyear Upcycle Ahead Meta Platforms’ AI Comeback Faces an Earnings Test—And a $10 Billion Charge Want to see what other hedge funds are holding RMBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rambus, Inc. (NASDAQ:RMBS – Free Report).

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October 2026 Monthly Dividend of $0.10 Per Share of Common StockEstimated Book Value Per Share as of September 30, 2026 of $6.02Estimated GAAP net loss of $0.90 per share for the quarter ended September 30, 2026 including an estimated $1.17 per share of net realized and unrealized losses on RMBS and derivative instrumentsEstimated (12.5)% total return on equity for the quarter ended September 30, 2026 Estimated book value, net income and total return on equity amounts are preliminary, subject to change, and subject to review by the Company’s independent registered public accounting firmRMBS Portfolio Characteristics as of September 30, 2026Next Dividend Announcement Expected November 10, 2026 VERO BEACH, Fla., Oct. 14, 2026 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of October 2026. The dividend of $0.10 per share will be paid November 27, 2026 to holders of record of the Company’s common stock on October 30, 2026, with an ex-dividend date of October 30, 2026. The Company plans on announcing its next common stock dividend on November 10, 2026.

The Company intends to make regular monthly cash distributions to its holders of common stock. In order to qualify as a real estate investment trust (“REIT”), the Company must distribute annually to its stockholders an amount at least equal to 90% of its REIT taxable income, determined without regard to the deduction for dividends paid and excluding any net capital gain. The Company will be subject to income tax on taxable income that is not distributed and to an excise tax to the extent that a certain percentage of its taxable income is not distributed by specified dates. The Company has not established a minimum distribution payment level and is not assured of its ability to make distributions to stockholders in the future.

As of October 14, 2026, the Company had 192,992,160 shares of common stock outstanding. As of September 30, 2026, the Company had 194,661,864 shares of common stock outstanding. As of June 30, 2026, the Company had 199,603,438 shares of common stock outstanding.

Estimated September 30, 2026 Book Value Per Share

The Company’s estimated book value per share as of September 30, 2026 was $6.02. The Company computes book value per share by dividing total stockholders' equity by the total number of outstanding shares of common stock. At September 30, 2026, the Company's preliminary estimated total stockholders' equity was approximately $1.2 billion with 194,661,864 shares of common stock outstanding. These figures and the resulting estimated book value per share are preliminary, subject to change, and subject to review by the Company’s independent registered public accounting firm. 

Estimated Net Loss Per Share and Realized and Unrealized Losses on RMBS and Derivative Instruments

The Company estimates it generated a net loss per share of $0.90 for the quarter ended September 30, 2026, which includes an estimated $1.17 per share of net realized and unrealized losses on RMBS and derivative instruments. These amounts compare to total dividends declared during the quarter of $0.30 per share. Net income per common share calculated under generally accepted accounting principles can, and does, differ from our REIT taxable income. The Company views REIT taxable income as a better indication of income to be paid in the form of a dividend rather than net income. Many components of REIT taxable income can only be estimated at this time and our monthly dividends declared are based on both estimates of REIT taxable income to be earned over the course of the current quarter and calendar year and a longer-term estimate of the REIT taxable income of the Company. These figures are preliminary, subject to change, and subject to review by the Company’s independent registered public accounting firm. 

Estimated Total Return on Equity

The Company’s estimated total return on equity for the quarter ended September 30, 2026 was (12.5)%. The Company calculates total return on equity as the sum of dividends declared and paid during the quarter plus changes in book value during the quarter, divided by the Company’s stockholders’ equity at the beginning of the quarter. The total return was $(0.90) per share, comprised of dividends per share of $0.30 and a decrease in book value per share of $(1.20) from June 30, 2026.

RMBS Portfolio Characteristics

Details of the RMBS portfolio as of September 30, 2026 are presented below. These figures are preliminary and subject to change and, with respect to figures that will appear in the Company’s financial statements and associated footnotes as of and for the quarter ended September 30, 2026, are subject to review by the Company’s independent registered public accounting firm. 

RMBS Valuation Characteristics
RMBS Assets by Agency
Investment Company Act of 1940 (Whole Pool) Test Results
Repurchase Agreement Exposure by Counterparty
RMBS Risk Measures About Orchid Island Capital, Inc.

Orchid Island Capital, Inc. is a specialty finance company that invests on a leveraged basis in Agency RMBS. Our investment strategy focuses on, and our portfolio consists of, two categories of Agency RMBS: (i) traditional pass-through Agency RMBS, such as mortgage pass-through certificates and collateralized mortgage obligations issued by Fannie Mae, Freddie Mac or Ginnie Mae, and (ii) structured Agency RMBS. The Company is managed by Bimini Advisors, LLC, a registered investment adviser with the Securities and Exchange Commission.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements include, but are not limited to, statements about the Company’s distributions. These forward-looking statements are based upon Orchid Island Capital, Inc.’s present expectations, but these statements are not guaranteed to occur. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025.

RMBS Valuation Characteristics ($ in thousands)                                                                                     Realized                                      Realized  Jul-26 -                                      Sep-26  Sep-26                      Net          Weighted  CPR  CPR                      Weighted          Average  (1-Month)  (3-Month)  Modeled Interest   Current  Fair  % of  Current  Average          Maturity  (Reported  (Reported  Rate Sensitivity (1) Type Face  Value  Portfolio  Price  Coupon  GWAC  Age  (Months)  in October)  in October)  (-50 BPS)  (+50 BPS) Fixed Rate RMBS                                                15yr 5.5 TBA $100,000  $98,523   0.92%  98.52   5.50%  6.23%  16   158   n/a   n/a  $1,439  $(1,577)15yr Total  100,000   98,523   0.92%  98.52   5.50%  6.23%  16   158   n/a   n/a   1,439   (1,577)30yr 3.0 $307,711  $255,076   2.37%  82.89   3.00%  3.52%  65   287   6.4%  6.8% $7,846  $(7,876)30yr 3.5  35,638   30,343   0.28%  85.14   3.50%  4.30%  84   256   0.8%  12.4%  916   (921)30yr 4.0  46,150   41,201   0.38%  89.28   4.00%  4.77%  88   267   2.2%  5.9%  1,128   (1,148)30yr 4.5  427,974   387,972   3.60%  90.65   4.50%  5.46%  33   322   7.8%  6.3%  9,806   (10,308)30yr 5.0  2,131,841   1,982,310   18.41%  92.99   5.00%  6.00%  16   340   4.4%  4.3%  47,553   (51,079)30yr 5.5  3,951,938   3,792,066   35.22%  95.95   5.50%  6.45%  16   339   5.9%  5.9%  81,445   (88,448)30yr 6.0  2,956,605   2,917,260   27.10%  98.67   6.00%  6.92%  21   333   11.2%  10.6%  52,681   (58,689)30yr 6.5  1,185,661   1,200,245   11.15%  101.23   6.50%  7.39%  23   331   14.7%  18.3%  18,000   (20,745)30yr 7.0  47,911   49,213   0.46%  102.72   7.00%  7.91%  34   318   7.7%  25.5%  734   (838)Total Pass-Through RMBS  11,191,429   10,754,209   99.89%  96.09   5.53%  6.46%  21   333   8.0%  8.4%  221,548   (241,629)Total Structured RMBS  78,937   11,383   0.11%  14.42   3.41%  4.59%  142   201   8.2%  7.4%  (21)  (2)Total Mortgage Assets $11,270,366  $10,765,592   100.00%      5.51%  6.45%  22   332   8.0%  8.4% $221,527  $(241,631)     Hedge Modeled Interest   Notional Period Rate Sensitivity (1) Hedge Balance End (-50 BPS)  (+50 BPS) 3-Month SOFR Futures $(390,000)Mar-27 $(1,219) $1,219 10-Year Treasury Future(2)  (858,600)Aug-33  (25,898)  25,965 10-Year Ultra Treasury Future(3)  (560,000)May-36  (22,643)  21,632 30-Year Ultra Treasury Futures (4)  (150,000)Nov-52  (11,916)  12,000 ERIS SOFR Swap Futures  (10,000)Dec-31  (165)  161 Swaps  (7,864,200)Jun-31  (154,990)  149,893 TBA Short  (415,000)Oct-26  (8,855)  9,726 Hedge Total $(10,247,800)  $(225,686) $220,596 Rate Shock Grand Total      $(4,159) $(21,035) (1)Modeled results from Citigroup Global Markets Inc. Yield Book. Interest rate shocks assume instantaneous parallel shifts and horizon prices are calculated assuming constant SOFR option-adjusted spreads. These results are for illustrative purposes only and actual results may differ materially.(2)Ten-year Treasury futures contracts were valued at prices of  $104.20 at September 30, 2026. The market value of the short position was $894.7 million.(3)Ten-year Ultra Treasury futures contracts were valued at prices of $105.00 at September 30, 2026. The market value of the short position was $588.0 million.(4)30-year Ultra Treasury futures contracts were valued at prices of  $103.60 at September 30, 2026. The market value of the short position was $155.4 million. RMBS Assets by Agency        ($ in thousands)              Percentage   Fair  of Asset Category Value  Portfolio As of September 30, 2026        Fannie Mae $5,557,221   52.1%Freddie Mac  5,109,848   47.9%Total Mortgage Assets $10,667,069   100.0% Investment Company Act of 1940 Whole Pool Test ($ in thousands)              Percentage   Fair  of Asset Category Value  Portfolio As of September 30, 2026        Non-Whole Pool Assets $422,581   4.0%Whole Pool Assets  10,244,488   96.0%Total Mortgage Assets $10,667,069   100.0% Borrowings By Counterparty                 ($ in thousands)                           Weighted  Weighted        % of  Average  Average    Total  Total  Repo  Maturity LongestAs of September 30, 2026 Borrowings  Debt  Rate  in Days MaturityCitigroup Global Markets Inc $466,497   4.5%  4.00%  20 10/21/2026Hidden Road Partners Civ US LLC  455,496   4.4%  4.03%  47 11/16/2026ABN AMRO Bank N.V.  447,423   4.3%  3.98%  19 10/19/2026StoneX Financial Inc.  438,071   4.2%  4.00%  23 10/23/2026Marex Capital Markets Inc.  436,606   4.2%  4.00%  29 10/29/2026ASL Capital Markets Inc.  433,149   4.2%  3.99%  20 10/21/2026South Street Securities, LLC  428,723   4.1%  4.10%  181 9/3/2027The Bank of Nova Scotia  423,924   4.1%  3.99%  16 10/16/2026J.P. Morgan Securities LLC  423,315   4.1%  4.01%  19 10/19/2026Banco Santander SA  402,148   3.9%  3.85%  13 10/13/2026Cantor Fitzgerald & Co  400,692   3.9%  3.99%  16 10/16/2026DV Securities, LLC Repo  396,961   3.8%  3.92%  10 10/16/2026Clear Street LLC  383,783   3.7%  3.99%  19 10/19/2026Daiwa Securities America Inc.  381,829   3.7%  4.00%  21 10/23/2026Wells Fargo Securities, LLC  371,748   3.6%  3.99%  1 10/1/2026Goldman, Sachs & Co  370,088   3.6%  4.00%  1 10/1/2026Brean Capital, LLC  346,653   3.3%  3.99%  20 10/26/2026ING Financial Markets LLC  340,561   3.3%  3.97%  14 10/14/2026RBC Capital Markets, LLC  328,157   3.2%  4.02%  16 10/26/2026TD Securities (USA) LLC  313,342   3.0%  3.97%  15 10/15/2026Mirae Asset Securities (USA) Inc.  278,527   2.7%  3.99%  21 10/21/2026Morgan Stanley & Co. LLC  277,755   2.7%  4.00%  29 10/30/2026MUFG Securities Canada, Ltd.  246,298   2.4%  3.99%  16 10/16/2026Mitsubishi UFJ Securities (USA), Inc.  226,333   2.2%  4.00%  19 10/19/2026Mesirow Financial, Inc.  221,428   2.1%  3.99%  18 10/23/2026Merrill Lynch, Pierce, Fenner & Smith  201,307   1.9%  4.01%  28 10/28/2026Nomura Securities International, Inc.  200,018   1.9%  3.97%  14 10/14/2026Natixis, New York Branch  176,921   1.7%  4.01%  16 10/16/2026Mizuho Securities USA LLC  171,766   1.7%  3.99%  16 10/16/2026Bank of Montreal  170,860   1.6%  4.02%  26 10/26/2026BNP Paribas Securities Corp.  150,098   1.4%  4.01%  26 10/26/2026Lucid Prime Fund, LLC  29,110   0.3%  3.99%  15 10/15/2026Canyon Partners, LLC  22,130   0.2%  3.93%  14 10/14/2026Total Borrowings $10,361,717   100.0%  3.99%  26 9/3/2027
Contact:

Orchid Island Capital, Inc.
Robert E. Cauley
3305 Flamingo Drive, Vero Beach, Florida 32963
Telephone: (772) 231-1400

NorthCrest Asset Manangement LLC purchased a new stake in Rambus, Inc. (NASDAQ:RMBS – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 36,053 shares of the semiconductor company’s stock, valued at approximately $3,911,000.

Several other institutional investors and hedge funds also recently modified their holdings of RMBS. BlackRock Inc. acquired a new position in shares of Rambus during the second quarter valued at approximately $1,853,645,000. EdgePoint Investment Group Inc. grew its stake in Rambus by 38.5% in the first quarter. EdgePoint Investment Group Inc. now owns 1,947,742 shares of the semiconductor company’s stock valued at $167,564,000 after purchasing an additional 541,056 shares in the last quarter. Swedbank AB increased its holdings in Rambus by 14.7% in the first quarter. Swedbank AB now owns 1,563,000 shares of the semiconductor company’s stock worth $134,465,000 after buying an additional 200,000 shares during the last quarter. Bank of America Corp DE raised its position in Rambus by 9.0% during the first quarter. Bank of America Corp DE now owns 1,361,570 shares of the semiconductor company’s stock valued at $117,136,000 after acquiring an additional 111,928 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in Rambus by 1,009.5% in the first quarter. Bessemer Group Inc. now owns 1,039,905 shares of the semiconductor company’s stock worth $89,463,000 after acquiring an additional 946,177 shares in the last quarter. Institutional investors own 88.54% of the company’s stock.

Analyst Upgrades and Downgrades Several equities analysts have weighed in on RMBS shares. Benchmark restated a “buy” rating on shares of Rambus in a report on Tuesday, July 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Rambus in a report on Wednesday, September 2nd. Rosenblatt Securities restated a “buy” rating and set a $165.00 target price on shares of Rambus in a research note on Tuesday, July 28th. Finally, Glj Research set a $165.00 price objective on shares of Rambus in a research note on Tuesday, July 28th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.88.

View Our Latest Analysis on Rambus Rambus Price Performance NASDAQ RMBS opened at $98.17 on Wednesday. The stock’s 50 day simple moving average is $95.53 and its 200 day simple moving average is $112.03. Rambus, Inc. has a one year low of $77.89 and a one year high of $174.10. The firm has a market cap of $10.65 billion, a PE ratio of 45.03 and a beta of 1.85.

Rambus (NASDAQ:RMBS – Get Free Report) last announced its earnings results on Monday, July 27th. The semiconductor company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. Rambus had a return on equity of 17.89% and a net margin of 31.69%. The company had revenue of $207.39 million during the quarter, compared to analyst estimates of $199.30 million. During the same period last year, the company posted $0.53 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, equities analysts expect that Rambus, Inc. will post 2.52 earnings per share for the current year.

About Rambus (Free Report)

Rambus Inc is a semiconductor technology company that develops and licenses high-performance chip interfaces and related intellectual property. Its technologies are designed to improve the speed, capacity, reliability and security of data transfer in memory systems and other electronic devices.

The company offers memory interface products for applications such as data centers, servers and advanced computing systems. Its portfolio includes solutions for DDR memory, high-bandwidth memory and other emerging memory architectures, as well as interface and connectivity technologies intended to support increasingly data-intensive workloads.

Further Reading Five stocks we like better than Rambus A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be? Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity? Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs Want to see what other hedge funds are holding RMBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rambus, Inc. (NASDAQ:RMBS – Free Report).

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Rambus (NASDAQ: RMBS - Get Free Report) and ACM Research (NASDAQ: ACMR - Get Free Report) are both technology companies, but which is the superior investment? We will compare the two companies based on the strength of their profitability, earnings, risk, institutional ownership, valuation, analyst recommendations and dividends. Valuation and Earnings This table compares Rambus and ACM

Rambus is rated Buy, contingent on sustaining high teens revenue growth and roughly 20% earnings growth to support its ~30x forward P/E. AI infrastructure growth is driving demand for memory interface products, with RMBS maintaining its core supplier position amid real competition. Product revenue grew 22% YoY in Q2 2026, with Q3 guidance implying further sequential growth; consensus expects 17–20% revenue growth through 2027.

Shares of Rambus, Inc. (NASDAQ:RMBS – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $145.88.

Several analysts have commented on RMBS shares. Glj Research set a $165.00 price target on Rambus in a report on Tuesday, July 28th. Benchmark reaffirmed a “buy” rating on shares of Rambus in a research note on Tuesday, July 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rambus in a research note on Wednesday, September 2nd. Finally, Rosenblatt Securities restated a “buy” rating and set a $165.00 target price on shares of Rambus in a report on Tuesday, July 28th.

Check Out Our Latest Report on Rambus

Hedge Funds Weigh In On Rambus A number of institutional investors have recently added to or reduced their stakes in RMBS. Krilogy Financial LLC grew its stake in shares of Rambus by 3.8% during the first quarter. Krilogy Financial LLC now owns 2,238 shares of the semiconductor company’s stock valued at $193,000 after acquiring an additional 81 shares in the last quarter. Oak Grove Capital LLC grew its stake in Rambus by 1.3% during the 4th quarter. Oak Grove Capital LLC now owns 7,600 shares of the semiconductor company’s stock valued at $698,000 after purchasing an additional 100 shares in the last quarter. Balefire LLC grew its stake in Rambus by 3.8% during the 1st quarter. Balefire LLC now owns 2,932 shares of the semiconductor company’s stock valued at $252,000 after purchasing an additional 108 shares in the last quarter. Allworth Financial LP grew its stake in Rambus by 8.8% during the 2nd quarter. Allworth Financial LP now owns 1,847 shares of the semiconductor company’s stock valued at $245,000 after purchasing an additional 150 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its holdings in Rambus by 4.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,455 shares of the semiconductor company’s stock worth $297,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock. Rambus Stock Up 3.5% RMBS stock opened at $106.76 on Thursday. Rambus has a 52-week low of $77.89 and a 52-week high of $174.10. The stock’s fifty day simple moving average is $92.91 and its 200-day simple moving average is $111.13. The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of 48.97 and a beta of 1.88.

Rambus (NASDAQ:RMBS – Get Free Report) last released its earnings results on Monday, July 27th. The semiconductor company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.72 by $0.05. Rambus had a return on equity of 17.89% and a net margin of 31.69%.The firm had revenue of $207.39 million during the quarter, compared to analyst estimates of $199.30 million. During the same period in the prior year, the firm posted $0.53 earnings per share. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, analysts anticipate that Rambus will post 2.52 earnings per share for the current fiscal year.

About Rambus (Get Free Report)

Rambus Inc is a semiconductor technology company that develops and licenses high-performance chip interfaces and related intellectual property. Its technologies are designed to improve the speed, capacity, reliability and security of data transfer in memory systems and other electronic devices.

The company offers memory interface products for applications such as data centers, servers and advanced computing systems. Its portfolio includes solutions for DDR memory, high-bandwidth memory and other emerging memory architectures, as well as interface and connectivity technologies intended to support increasingly data-intensive workloads.

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Cohu (NASDAQ:COHU – Get Free Report) and Rambus (NASDAQ:RMBS – Get Free Report) are both technology companies, but which is the better business? We will contrast the two companies based on the strength of their profitability, valuation, analyst recommendations, risk, earnings, dividends and institutional ownership.

Risk & Volatility Cohu has a beta of 1.58, meaning that its share price is 58% more volatile than the S&P 500. Comparatively, Rambus has a beta of 1.88, meaning that its share price is 88% more volatile than the S&P 500.

Insider and Institutional Ownership 94.7% of Cohu shares are held by institutional investors. Comparatively, 88.5% of Rambus shares are held by institutional investors. 3.0% of Cohu shares are held by company insiders. Comparatively, 0.7% of Rambus shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Analyst Recommendations This is a breakdown of recent ratings and recommmendations for Cohu and Rambus, as provided by MarketBeat. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Cohu 1 1 7 1 2.80 Rambus 0 4 6 0 2.60 Cohu currently has a consensus target price of $68.75, suggesting a potential upside of 4.21%. Rambus has a consensus target price of $145.88, suggesting a potential upside of 41.46%. Given Rambus’ higher probable upside, analysts plainly believe Rambus is more favorable than Cohu.

Profitability This table compares Cohu and Rambus’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Cohu -7.43% -1.96% -1.30% Rambus 31.69% 17.89% 16.21% Earnings & Valuation This table compares Cohu and Rambus”s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Cohu $452.96 million 6.89 -$74.27 million ($0.83) -79.48 Rambus $707.63 million 15.81 $230.46 million $2.18 47.30 Rambus has higher revenue and earnings than Cohu. Cohu is trading at a lower price-to-earnings ratio than Rambus, indicating that it is currently the more affordable of the two stocks.

Summary Rambus beats Cohu on 10 of the 15 factors compared between the two stocks.

About Cohu (Get Free Report)

Cohu, Inc., through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors. It also provides semiconductor automated test equipment for wafer level and device package testing; various test handlers, including pick-and-place, turret, gravity, strip, and MEMS and thermal sub-systems; interface products comprising test contactors, and probe heads and pins; spares and kits; various parts and labor warranties on test and handling systems, and instruments; and training on the maintenance and operation of its systems, as well as application, data management software, and consulting services on its products. In addition, the company offers data analytics product that includes DI-Core, a software suite used to optimize Cohu equipment performance, which provides real-time online performance monitoring and process control. It markets its products through direct sales force and independent sales representatives. The company was formerly known as Cohu Electronics, Inc. and changed its name to Cohu, Inc. in 1972. The company was incorporated in 1947 and is headquartered in Poway, California.

About Rambus (Get Free Report)

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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Rambus sits inside nearly every next-generation server memory module yet trades at a fraction of its flashier chip rivals, and its roadmap through 2027 could force the market to finally pay attention.

Memory interface specialist Rambus (NASDAQ:RMBS | RMBS Price Prediction) flies under the radar versus the marquee AI names, yet its silicon sits inside almost every next-generation server memory module. With DDR5 ramping, HBM4E in design at hyperscalers, and PCIe 7 IP licensing kicking in, the setup for the next 12 months looks compelling.

Our 24/7 Wall St. price target for Rambus is $117.71, roughly 20.3% above where shares trade today. We rate the stock a buy with high confidence.

24/7 Wall St. Price Target Summary Metric Value Current Price $97.82 24/7 Wall St. Price Target $117.71 Implied Upside 20.3% Recommendation BUY Confidence 90% Rambus is compounding product revenue at a 20%+ clip while layering in high-margin licensing wins that will not fully show up in the P&L until 2027.

A Sharp Rebound After a Rough Summer RMBS rose 11.67% in Monday’s session and is up 12.48% over the past week, though still down 8.9% over the last year and well below its 52-week high of $174.10.

The bounce follows strong Q2 FY2026 results. Revenue hit $207.38 million, up 20.4% year over year, beating consensus by 4.58%. Non-GAAP EPS of $0.77 topped estimates by 7.69%. CEO Luc Seraphin noted Rambus is “well positioned to capitalize on the strong secular trends driven by the rapid expansion of AI inference and agentic workloads.”

Why Bulls See a Breakout Above $150 The bull case rests on three legs. Product revenue hit a record $99.15 million in Q2, up 22% YoY, with Q3 guidance of $110M to $116M. Rambus disclosed a design win with a Tier 1 U.S. hyperscaler for next-generation HBM, structured as a licensing deal recognizing revenue before end products ship. Management expects Silicon IP to grow 10% to 15% annually.

The Street’s mean target of $147.86, backed by 7 Buy and 2 Hold ratings, implies a bull scenario near $175 if MRDIMM and PCIe 7 licensing ramp on schedule in 2027.

What Could Go Wrong Inventory jumped to $74.8 million from $44.1 million at year-end 2025, and operating cash flow fell 35.14%. Forward P/E of 24 looks full for a memory-cycle-exposed business.

However, management said it is “building strategic inventory” for Q3, Q4, and early 2027 ramps. Bear scenario: $103.43.

How Rambus Compares to Marvell, Synopsys, and Lattice Marvell Technology (NASDAQ:MRVL) trades at a forward P/E of 58 with 36.5% YoY revenue growth. Rambus’s 24 forward P/E looks cheap by comparison.

Synopsys (NASDAQ:SNPS) overlaps the silicon IP business at a forward P/E of 22 on 42.4% revenue growth, validating our target.

Lattice Semiconductor (NASDAQ:LSCC) trades at a richer forward P/E of 35, suggesting the market rewards specialized chip franchises with an AI angle.

Company Forward P/E Rev Growth YoY Rambus 24 20.4% Marvell 58 36.5% Synopsys 22 42.4% Lattice 35 62.2% Rambus Setup and Verdict The 24/7 Wall St. price target of $117.71 with 90% confidence is a buy. The bull path holds if MRDIMM adoption ramps into 2027 and the hyperscaler HBM design win seeds broader licensing revenue.

The setup weakens if DRAM tightness cuts product shipments or inventory unwinds without demand pull. The valuation is undemanding and the roadmap is loaded.

Year 24/7 Wall St. Price Target 2026 $117.71 2027 $118.23 2028 $139.72 2029 $166.44 2030 $185.09 These projections assume Rambus continues executing on DDR5, HBM4E, and PCIe 7 licensing. Significant upside or downside could result from hyperscaler custom-silicon share shifts or a memory market downturn.

Rambus fits the pattern of specialized chip franchises that compound quietly before the market notices, the same setup we cataloged in a free playbook on spotting the next big semiconductor winner early: here.

Contact [email protected] for any questions or corrections.

SAN JOSE, Calif.--(BUSINESS WIRE)-- #AIInfrastructure--Rambus announced CryptoManager Root of Trust supporting the Caliptra specification, delivering enterprise-grade security for data center and AI SoCs.

T. ROWE PRICE CONTINUES ACTIVE EXCHANGE TRADED FUND EXPANSION WITH SECURITIZED CREDIT OFFERING PR Newswire

BALTIMORE, Sept. 3, 2026

The T. Rowe Price Securitized Income ETF brings a new fixed income offering to the firm's active ETF lineup, which now totals 35 funds

, /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, announced today the addition of the T. Rowe Price Securitized Income ETF (Ticker: TSCZ). The new fully transparent fixed income exchange traded fund (ETF) began trading on the NYSE Arca today.

The T. Rowe Price Securitized Income ETF is designed for investors seeking to enhance portfolio income while broadening their fixed income exposure beyond traditional government and corporate bonds. Actively managed and drawing on the firm's fundamental research capabilities, TSCZ seeks high current income by investing in a diversified portfolio of U.S. securitized credit sectors, such as asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), collateralized loan obligations (CLOs), and non-agency residential mortgage-backed securities (RMBS). The total expense ratio for TSCZ is 0.20%.

TSCZ is actively co-managed by Jean-Marc Breaux, CFA® and Ramon de Castro. Breaux is head of securitized products in the Fixed Income division and has 20 years of investment experience, including eight at T. Rowe Price. de Castro is a sector portfolio manager in the Fixed Income division and has more than 30 years of investment experience, including 14 at T. Rowe Price. He is also portfolio manager of T. Rowe Price GNMA Fund (Ticker: PRGMX) and is responsible for the residential mortgage-backed security (RMBS) sleeves of various multi-sector fixed income portfolios.

With this addition, T. Rowe Price's ETF lineup totals 35 funds, including offerings spanning fixed income, equities, multi-asset, digital assets and thematic strategies. Each exchange-traded offering delivers key features such as tax efficiency, more competitive expense ratios, and the flexibility to buy and sell shares throughout the trading day. Each fund draws from the fundamental and rigorous research capabilities of T. Rowe Price investment analysts and portfolio managers, who engage in asking better questions, as they strive to deliver better investment outcomes for clients.

Separately, T, Rowe Price recently announced an agreement to acquire F/m Investments LLC, a fixed income asset manager and ETF specialist, which at closing in early 2027 is expected to increase T. Rowe Price's fixed income assets under management by nearly 9%, more than doubling its fixed income ETF assets under management and expanding its fixed income separately managed account (SMA) business. Together with today's launch, the transaction reflects the firm's continued commitment to expanding its fixed income ETF capabilities and broadening the range of solutions available to clients.

QUOTES:

Tim Coyne, Global Head of ETFs
"The addition of the T. Rowe Price Securitized Income ETF reflects our continued focus on growing a robust active ETF lineup that gives investors access to differentiated solutions across asset classes. TSCZ strengthens our fixed income roster by providing active exposure to securitized credit sectors, bringing together income potential, diversification, and T. Rowe Price's deep research capabilities in a fully transparent ETF structure."

ABOUT T. ROWE PRICE
T. Rowe Price (NASDAQ-GS: TROW) is a leading global asset management firm, entrusted with managing $1.87 trillion in client assets as of July 31, 2026, about two-thirds of which are retirement-related. Renowned for nearly 90 years of investment excellence, retirement leadership, and independent proprietary research, the firm leverages its longstanding expertise to ask better questions that can drive better investment decisions. Built on a culture of integrity and prioritizing client interests, T. Rowe Price empowers millions of investors worldwide to thrive amid evolving markets.

Visit troweprice.com/newsroom for news and public policy commentary.

Consider the investment objectives, risks, and charges and expenses carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information visit troweprice.com. Read it carefully.

ETFs are bought and sold at market prices, not net asset value (NAV). Investors generally incur the cost of the spread between the prices at which shares are bought and sold. Buying and selling shares may result in brokerage commissions which will reduce returns.

View original content to download multimedia:https://www.prnewswire.com/news-releases/t-rowe-price-continues-active-exchange-traded-fund-expansion-with-securitized-credit-offering-302869115.html

SOURCE T. Rowe Price Group

Rambus just posted record product revenue and a CEO calling the setup outstanding, yet the stock sits near its 52-week low. Something has to give, and a specific date may tell you exactly when.

Rambus (NASDAQ:RMBS | RMBS Price Prediction) has quietly become one of the purest small-cap plays on AI memory bandwidth, and the market is not treating it that way.

Product revenue hit a record $99.15 million last quarter on 22% year-over-year growth, DDR5 chipset momentum is accelerating, and CEO Luc Seraphin flagged the setup bluntly. “Rambus had an outstanding second quarter, delivering a new all-time high in revenue and non-GAAP earnings, fueled by record product revenue that grew more than 20% year over year.” Yet shares sit at $89.86. Can this stock cross $100, and when?

Why Rambus Shares Are Stuck Despite Record Product Revenue The fundamentals are working while the stock lags. RMBS is down 4.11% over the past week, off 6.41% over the past month, and 2.21% lower year to date even after the Q2 beat. The Q2 earnings report triggered a day-of decline of 8.99%, following an uglier 21.26% earnings-day drop after Q1.

With a beta of 1.887, RMBS whipsaws hard when sentiment shifts. Add the CFO transition earlier this year, an inventory build to $74.8 million, and lingering supply chain concerns, and you have a stock rebuilding a wall of skepticism.

Wall Street Sees 64% Upside. My Model Sees Something Different Sell-side analysts are unusually bullish. The consensus target is $147.50 with six Buy ratings, two Holds, and zero Sells, or a 75% bullish tilt. Our base-case model comes in more measured at $117.95, or 31.26% upside, with a bull case at $173.12 and a bear case at $101.71. Confidence on the base call is 0.9. Wall Street is right on direction but early on timing.

With quarterly earnings growth of 15.1% year over year and product revenue guided to $110 million to $116 million for Q3, the multiple expansion story needs the memory-supply narrative to hold before analyst targets get taken seriously.

Path to $100 Per Share Reaching $100 from today’s $89.86 requires a gain of 11.3%. With forward EPS of $2.68, a price of $100 implies a forward P/E of 37x. Our base case of $117.95 already implies 36x, meaning the $100 target requires roughly 2x additional multiple support versus today.

The model’s base path crosses $100 at $102.63 on January 26, 2027. The catalysts are in motion. The Q3 guide implies roughly 20% year-over-year growth in product revenue, DDR5 9600 server and client chipsets are shipping, and management flagged a Tier 1 US hyperscaler design win for next-generation HBM in future AI chips.

Seraphin’s framing is worth repeating. “We believe that we have a very strong secular setup for our business.” The primary risk is supply chain tightness bleeding into 2027 platform ramps.

Where Rambus Trades Today vs Its Earnings Power At $89.86 against forward EPS of $2.68, RMBS trades at roughly 34x forward, well below its trailing P/E of 42x. Shares sit between a 52-week low of $70.90 and a high of $174.10, closer to the bottom.

Over ten years, RMBS has returned 546.01%, and 281.57% over five years. That long-run compounding makes an 11% move to $100 look modest given the AI infrastructure setup.

Is $100 Realistic? My Verdict Reaching $100 requires just 11.3% upside from current levels, and the base-case model path gets there on January 26, 2027. This is realistic.

Three things need to go right: Q3 product revenue lands inside the $110 million to $116 million guide, DDR5 9600 server chipsets convert into design revenue by year-end, and the hyperscaler HBM IP licensing win begins recognizing revenue. What derails it is a memory cycle stall that pushes 2027 platform ramps into the back half. We’ve outlined the blueprint for how Rambus could reach $100 in 2027.

Contact [email protected] for any questions or corrections.

BlackRock Inc. bought a new position in shares of Rambus, Inc. (NASDAQ:RMBS – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,964,477 shares of the semiconductor company’s stock, valued at approximately $1,853,645,000. BlackRock Inc. owned about 12.88% of Rambus as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. raised its position in shares of Rambus by 70.6% in the fourth quarter. Invesco Ltd. now owns 4,148,653 shares of the semiconductor company’s stock valued at $381,220,000 after purchasing an additional 1,716,621 shares during the period. Norges Bank bought a new position in shares of Rambus during the fourth quarter worth approximately $156,356,000. Bank of America Corp DE raised its position in shares of Rambus by 196.0% in the third quarter. Bank of America Corp DE now owns 1,550,665 shares of the semiconductor company’s stock valued at $161,579,000 after buying an additional 1,026,776 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Rambus by 1,009.5% in the first quarter. Bessemer Group Inc. now owns 1,039,905 shares of the semiconductor company’s stock valued at $89,463,000 after buying an additional 946,177 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Rambus in the second quarter valued at approximately $109,940,000. Institutional investors own 88.54% of the company’s stock.

Insider Transactions at Rambus In related news, EVP Xianzhi Sean Fan sold 37,914 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $151.69, for a total transaction of $5,751,174.66. Following the sale, the executive vice president owned 168,358 shares in the company, valued at $25,538,225.02. The trade was a 18.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Necip Sayiner sold 5,000 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $170.15, for a total value of $850,750.00. Following the completion of the transaction, the director owned 18,223 shares of the company’s stock, valued at $3,100,643.45. This represents a 21.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 62,914 shares of company stock worth $9,724,775. 0.75% of the stock is currently owned by insiders.

Rambus Price Performance Shares of NASDAQ:RMBS opened at $90.85 on Thursday. The company has a market cap of $9.85 billion, a price-to-earnings ratio of 41.67 and a beta of 1.88. The firm has a 50 day simple moving average of $110.23 and a 200 day simple moving average of $112.87. Rambus, Inc. has a one year low of $67.15 and a one year high of $174.10. Rambus (NASDAQ:RMBS – Get Free Report) last posted its earnings results on Monday, July 27th. The semiconductor company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. The firm had revenue of $207.39 million for the quarter, compared to analysts’ expectations of $199.30 million. Rambus had a net margin of 31.69% and a return on equity of 17.89%. The company’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 earnings per share. As a group, analysts expect that Rambus, Inc. will post 2.52 EPS for the current year.

Wall Street Analyst Weigh In A number of equities analysts have commented on the company. Glj Research set a $165.00 price objective on Rambus in a research note on Tuesday, July 28th. Evercore reaffirmed an “outperform” rating and set a $172.00 price target on shares of Rambus in a report on Tuesday, April 28th. Rosenblatt Securities reiterated a “buy” rating and set a $165.00 price target on shares of Rambus in a research report on Tuesday, July 28th. Jefferies Financial Group lifted their price objective on shares of Rambus from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Rambus in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $139.78.

Check Out Our Latest Report on Rambus

Rambus Company Profile (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.

Read More Five stocks we like better than Rambus Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? Want to see what other hedge funds are holding RMBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rambus, Inc. (NASDAQ:RMBS – Free Report).

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Posted by Defense World Staff on Aug 13th, 2026

Assenagon Asset Management S.A. reduced its position in shares of Rambus, Inc. (NASDAQ:RMBS – Free Report) by 32.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,896 shares of the semiconductor company’s stock after selling 15,635 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Rambus were worth $4,234,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. M&T Bank Corp increased its position in Rambus by 2,372.0% during the fourth quarter. M&T Bank Corp now owns 122,636 shares of the semiconductor company’s stock worth $11,269,000 after acquiring an additional 117,675 shares during the period. AMJ Financial Wealth Management boosted its holdings in Rambus by 252.0% in the 4th quarter. AMJ Financial Wealth Management now owns 94,946 shares of the semiconductor company’s stock valued at $8,725,000 after purchasing an additional 67,973 shares during the period. Novem Group acquired a new stake in Rambus in the 4th quarter worth $885,000. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Rambus by 162.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 137,692 shares of the semiconductor company’s stock worth $12,721,000 after purchasing an additional 85,257 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Rambus by 21.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 157,148 shares of the semiconductor company’s stock worth $14,440,000 after purchasing an additional 27,472 shares during the period. Institutional investors own 88.54% of the company’s stock.

Rambus Stock Performance Shares of RMBS stock opened at $101.01 on Thursday. Rambus, Inc. has a 52-week low of $67.15 and a 52-week high of $174.10. The stock has a market cap of $10.96 billion, a price-to-earnings ratio of 46.33 and a beta of 1.88. The firm has a fifty day moving average of $115.55 and a 200-day moving average of $113.61.

Analyst Upgrades and Downgrades A number of research analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Rambus from $115.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Jefferies Financial Group lifted their target price on Rambus from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Evercore restated an “outperform” rating and set a $172.00 price target on shares of Rambus in a research note on Tuesday, April 28th. Robert W. Baird cut Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price target for the company. in a report on Tuesday, April 28th. Finally, Benchmark reiterated a “buy” rating on shares of Rambus in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Rambus presently has a consensus rating of “Moderate Buy” and an average price target of $139.78.

Check Out Our Latest Stock Analysis on RMBS

Insider Buying and Selling at Rambus In related news, EVP Xianzhi Sean Fan sold 37,914 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $151.69, for a total value of $5,751,174.66. Following the sale, the executive vice president owned 168,358 shares of the company’s stock, valued at $25,538,225.02. The trade was a 18.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Eric B. Stang sold 5,000 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $146.00, for a total transaction of $730,000.00. Following the completion of the transaction, the director directly owned 19,218 shares of the company’s stock, valued at $2,805,828. This trade represents a 20.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 62,914 shares of company stock worth $9,724,775. Insiders own 0.75% of the company’s stock.

Rambus Company Profile (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.

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SAN JOSE, Calif.--(BUSINESS WIRE)--Rambus Inc. (NASDAQ: RMBS), a premier chip and silicon IP provider making data faster and safer, today announced that it initiated an accelerated share repurchase program with Mizuho Markets Americas LLC, through its agent Mizuho Securities USA LLC (“Dealer”) to repurchase an aggregate of approximately $100 million of its common stock.

“This accelerated share repurchase reflects our confidence in the business and reinforces our commitment to disciplined capital allocation,” said Luc Seraphin, president and chief executive officer at Rambus. “Supported by the strength of our balance sheet and continued cash generation, we remain focused on increasing stockholder value while investing in the long-term growth of the company.”

Under the accelerated share repurchase program, Rambus will pre-pay $100 million to Dealer and receive an initial delivery of approximately 796,000 shares of its common stock. The final number of shares to be repurchased will be determined based on the volume-weighted average price of Rambus common stock during the term of the transaction, less a discount. The program is expected to be completed by the end of the third quarter of 2026.

The accelerated share repurchase program is part of the broader share repurchase program previously authorized by the Rambus Board of Directors.

About Rambus Inc.

Rambus delivers industry-leading chips and silicon IP for the data center and AI infrastructure. With over three decades of advanced semiconductor experience, our products and technologies address the critical bottlenecks between memory and processing to accelerate data-intensive workloads. By enabling greater bandwidth, efficiency and security across next generation computing platforms, we make data faster and safer. For more information, visit rambus.com.

Forward-Looking Statements

This release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995 relating, among other things, to the terms of Rambus’ accelerated share repurchase program, including timing. Such forward-looking statements are based on current expectations, estimates and projections, management’s beliefs and certain assumptions made by Rambus’ management. Actual results may differ materially. The forward-looking statements contained in this press release are subject to risks and uncertainties, including those more fully described in Rambus’ Annual Report on Form 10-K for the fiscal year ended December 31, 2025. The forward-looking statements in this press release are based on information available to Rambus as of the date hereof, and Rambus undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof.

Related Links

https://www.rambus.com/

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SummaryRambus delivered a strong Q2, beating guidance on revenue and non-GAAP EPS, and upgraded Q3 guidance.Despite a ~50% pullback from highs, RMBS trades at ~24x EV/EBITDA, reflecting significant future growth expectations.Growth is driven by memory interface chips, but increasing product mix lowers blended gross margins, and operating leverage remains limited.I maintain a Hold rating; a Buy case emerges only with clearer 2027 volume ramp visibility or a further multiple compression toward ~20x EV/EBITDA. Henrik Sorensen/DigitalVision via Getty Images

Rambus Inc. (RMBS) has delivered an excellent Q2 print with revenue (including product revenue) and non-GAAP EPS both reported higher than the high end of its own guidance. The guidance for Q3 has also been

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Key Takeaways Rambus beat Q2 earnings and revenue estimates as total revenues rose 20.4% year over year.RMBS posted record product revenues on strong AI, data center and DDR5 memory interface demand.Rambus expects Q3 revenues of $210-$216M and non-GAAP EPS of 75-82 cents. Rambus (RMBS - Free Report) reported second-quarter 2026 non-GAAP earnings of 77 cents per share, which increased 24.2% year over year and beat the Zacks Consensus Estimate of 71 cents by 8.45%.

Total revenues increased 20.4% year over year to $207.4 million, surpassing the Zacks Consensus Estimate by 4.27%.

Rambus' results were driven by record product revenues of $99.2 million, which rose 22% year over year, supported by robust AI and data center demand, as well as continued strength in its high-performance memory interface chips and silicon IP portfolio.

Rambus' Product Business Benefits From AI Memory DemandRecord product revenues reflected continued strength in DDR5 register clock drivers, growing adoption of next-generation memory interface chips and increasing AI-driven server deployments.

During the quarter, Rambus introduced complete DDR5 9600 chipsets for both server RDIMMs and client memory modules, extending its leadership in high-speed memory interfaces.

The company also remains on track to capitalize on emerging memory architectures such as MRDIMM and LPDDR5X SOCAMM2 as adoption accelerates.

Silicon IP Momentum Remains StrongRambus continued to benefit from robust demand for its silicon IP portfolio, securing new customer engagements across hyperscalers, custom silicon providers and AI semiconductor companies. Management highlighted a significant design win with a Tier-1 U.S. hyperscaler for next-generation High Bandwidth Memory IP designed for future AI chips.

The company also expanded its AI connectivity portfolio by introducing PCIe 7 Switch IP supporting 128 GT/s, aimed at next-generation AI scale-up and scale-out architectures requiring higher bandwidth, lower latency and secure data movement.

Rambus Maintains Healthy ProfitabilityNon-GAAP operating income increased to $93.7 million from $79 million in the year-ago quarter.

Non-GAAP operating margin remained strong at 45%, reflecting the company's disciplined execution despite continued investments in product development and growth initiatives.

Rambus' Strong Balance Sheet Supports GrowthRambus exited the quarter with $824.9 million in cash, cash equivalents and marketable securities, up from $786.1 million in the previous quarter. The increase was primarily driven by $61.2 million in operating cash flow.

The company remains debt-free, providing financial flexibility to continue investing in next-generation chip and IP solutions supporting AI and data-center infrastructure.

Rambus Guides for Continued GrowthFor the third quarter of 2026, Rambus expects revenues between $210 million and $216 million, including product revenues of $110-$116 million, Royalty revenues of $69-$75 million and contract and other revenues of $25-$31 million.

The Zacks Consensus Estimate for third-quarter revenues is currently pegged at approximately $211.6 million, reflecting a year-over-year improvement of 17.9%.

The company expects non-GAAP earnings per share between 75 cents and 82 cents. The Zacks Consensus Estimate for third-quarter earnings is currently pegged at 77 cents per share, reflecting a year-over-year improvement of 22.2%.

RMBS’ Zacks Rank & Stocks to ConsiderCurrently, RMBS carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader Zacks Computer and Technology sector include ASE Technology (ASX - Free Report) , Bandwidth (BAND - Free Report) and Fortinet (FTNT - Free Report) . While Bandwidth and Fortinet sport a Zacks Rank #1 (Strong Buy) each, ASE Technology carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of ASE Technology have rallied 127% in the year-to-date period. ASX is set to report its second-quarter 2026 results on July 30.

Shares of Bandwidth have surged 270% in the year-to-date period. BAND is slated to report its second-quarter 2026 results on July 29.

Fortinet shares have gained 92% in the year-to-date period. FTNT is set to report its second-quarter 2026 results on July 29.

Key Takeaways Rambus delivered record Q2 revenues and earnings, exceeding estimates with strong product and royalty growth.RMBS expects sequential Q3 revenue growth, supported by DDR5 demand and licensing activity.Rambus sees AI, MRDIMM and silicon IP wins driving long-term growth despite supply constraints. Rambus Inc. (RMBS - Free Report) delivered a strong second quarter as management highlighted expanding opportunities across AI infrastructure, memory interface chips and silicon IP. While record financial performance underscored the company's operational momentum, executives spent much of the earnings call discussing how rising AI workloads are reshaping memory architectures and creating long-term growth opportunities for Rambus.

The company also projected another quarter of sequential revenue growth, supported by continued demand for DDR5 memory solutions and licensing activity, even as executives cautioned that industrywide supply constraints remain a key variable.

Rambus reported second-quarter revenues of $207.40 million, which beat the Zacks Consensus Estimate of $198.30 million. Non-GAAP earnings were $0.77 per share, which outpaced the Zacks Consensus Estimate of $0.71.The record quarterly performance was driven by strong product revenues, resilient royalty income and continued momentum across its diversified silicon IP business.

AI Workloads Continue to Expand Rambus' OpportunityPresident and CEO Luc Seraphin said AI is driving a fundamental shift in computing as inference and agentic AI applications require greater memory capacity, bandwidth and power efficiency. He noted that AI infrastructure is becoming increasingly heterogeneous, combining traditional CPU servers with AI accelerators, creating richer memory content opportunities for Rambus.

Product revenues reached a record $99.2 million, rising 22% year over year, supported by leadership in DDR5 register clock drivers (RCDs) and growing contributions from newer products. Management expects another quarter of double-digit product revenue growth in the third quarter.

New Products Position RMBS for Future GrowthDuring the quarter, Rambus expanded its DDR5 portfolio with complete DDR5-9600 chipsets for both client and server memory modules.

Management also highlighted continued progress in emerging memory technologies, including MRDIMM and LPDDR5X SOCAMM2 chipsets, which are designed to address increasingly specialized AI workloads. Seraphin said these platforms should provide additional growth opportunities as adoption accelerates over the next several years.

On the silicon IP side, Rambus secured new design wins across hyperscalers, custom silicon providers and AI semiconductor developers. The company also announced a Tier 1 U.S. hyperscaler selected Rambus' next-generation HBM IP for future AI chips and introduced PCIe 7.0 Switch IP to support next-generation AI networking architectures.

Guidance Points to Another Quarter of GrowthChief financial officer Sumeet Gagneja expects third-quarter revenues to be between $210 million and $216 million, and product revenues to be in the range of $110-$116 million.

The company expects non-GAAP earnings per share to be in the band of $0.75-$0.82. Management also increased inventory during the quarter to prepare for future product ramps while addressing longer supplier lead times.

Supply Constraints Remain the Primary ChallengeDuring the Q&A session, analysts focused heavily on supply availability and customer demand.

Responding to Rosenblatt Securities, Seraphin said Rambus experienced no manufacturing capacity constraints during the second quarter despite ongoing supply-chain tightness. He credited strong supplier relationships for allowing the company to meet customer demand.

William Blair asked whether customers were building excess inventory because of constrained memory supply. Seraphin said Rambus has not observed inventory accumulation among customers, adding that the company's own inventory build is strategic and intended to support anticipated demand in the coming quarters.

MRDIMM Adoption Could Accelerate in 2027Several analysts sought additional details on the timing of MRDIMM adoption.

Management reiterated that MRDIMM represents a significant long-term opportunity because it materially increases Rambus' silicon content per memory module. However, Seraphin said meaningful revenue contributions are more likely to occur in 2027 as new CPU platforms ramp more broadly, with only limited contribution expected in the fourth quarter of 2026.

The company also expressed growing confidence in its silicon IP business as hyperscalers increasingly work directly with Rambus during early chip architecture design. According to management, these engagements provide earlier licensing opportunities while strengthening long-term visibility into future AI infrastructure deployments.

Management Remains Confident in Long-Term GrowthAlthough executives acknowledged that supply constraints and platform timing remain important variables, management consistently expressed confidence in Rambus' long-term outlook.

Seraphin said expanding DDR5 adoption, higher memory channel counts, increasing companion chip penetration, MRDIMM adoption, and robust silicon IP licensing activity would serve as multiple growth drivers extending well beyond 2026. Management believes AI-driven demand for advanced memory subsystems continues to strengthen the company's competitive positioning across both products and licensing.

Zacks Rank and Style ScoresRMBS currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The stock has a Growth Score of B, a Momentum Score of C, a Value Score of F, and a VGM Score of C. The Growth Score reflects favorable earnings growth characteristics, while the VGM Score indicates balanced overall fundamentals across value, growth and momentum factors.

Rambus (RMBS - Free Report) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.6 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +8.45%. A quarter ago, it was expected that this memory chip designer would post earnings of $0.61 per share when it actually produced earnings of $0.63, delivering a surprise of +3.28%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Rambus, which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $207.39 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.27%. This compares to year-ago revenues of $170 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Rambus shares have added about 4.5% since the beginning of the year versus the S&P 500's gain of 8.3%.

What's Next for Rambus?While Rambus has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Rambus was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.77 on $211.6 million in revenues for the coming quarter and $2.95 on $817.3 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Semiconductors is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, SkyWater Technology, Inc. (SKYT - Free Report) , is yet to report results for the quarter ended June 2026.

This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of +36.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

SkyWater Technology, Inc.'s revenues are expected to be $148 million, up 150.6% from the year-ago quarter.

SAN JOSE, Calif.--(BUSINESS WIRE)--Rambus Inc. (NASDAQ:RMBS), a provider of industry-leading chips and IP making data faster and safer, today reported financial results for the second quarter ended June 30, 2026. Total revenue for the second quarter was $207.4 million, product revenue was $99.2 million, royalties revenue was $84.2 million and contract and other revenue was $24.0 million. GAAP diluted earnings per share was $0.61 and non-GAAP diluted earnings per share was $0.77. The Company als.

Posted by Defense World Staff on Jul 23rd, 2026

California Public Employees Retirement System boosted its stake in Rambus, Inc. (NASDAQ:RMBS – Free Report) by 15.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,271 shares of the semiconductor company’s stock after purchasing an additional 31,064 shares during the period. California Public Employees Retirement System owned approximately 0.21% of Rambus worth $19,552,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in RMBS. NewEdge Advisors LLC lifted its holdings in Rambus by 22,321.4% in the 1st quarter. NewEdge Advisors LLC now owns 9,417 shares of the semiconductor company’s stock worth $488,000 after buying an additional 9,375 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Rambus by 34.1% during the first quarter. Empowered Funds LLC now owns 22,750 shares of the semiconductor company’s stock valued at $1,178,000 after acquiring an additional 5,783 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Rambus by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 309,512 shares of the semiconductor company’s stock worth $16,025,000 after acquiring an additional 19,120 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Rambus during the first quarter worth about $218,000. Finally, Quantbot Technologies LP acquired a new position in shares of Rambus in the second quarter worth about $102,000. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Rambus Stock Down 1.9% Shares of Rambus stock opened at $103.83 on Thursday. The firm has a market cap of $11.23 billion, a P/E ratio of 49.44 and a beta of 1.84. Rambus, Inc. has a fifty-two week low of $62.81 and a fifty-two week high of $174.10. The business has a 50-day moving average price of $129.94 and a 200 day moving average price of $114.38.

Rambus (NASDAQ:RMBS – Get Free Report) last released its earnings results on Monday, April 27th. The semiconductor company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $180.19 million for the quarter, compared to the consensus estimate of $179.94 million. Rambus had a return on equity of 17.41% and a net margin of 31.90%. As a group, equities research analysts anticipate that Rambus, Inc. will post 2.44 earnings per share for the current year.

Insider Activity In other Rambus news, Director Necip Sayiner sold 5,000 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $170.15, for a total transaction of $850,750.00. Following the sale, the director directly owned 18,223 shares of the company’s stock, valued at approximately $3,100,643.45. This represents a 21.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Meera Rao sold 2,972 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $150.30, for a total transaction of $446,691.60. Following the sale, the director directly owned 19,974 shares in the company, valued at $3,002,092.20. This trade represents a 12.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 65,886 shares of company stock valued at $10,171,466 over the last three months. 0.75% of the stock is currently owned by company insiders.

Analyst Ratings Changes A number of research analysts recently commented on RMBS shares. Wells Fargo & Company increased their price target on Rambus from $115.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Robert W. Baird lowered Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 target price on the stock. in a research report on Tuesday, April 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rambus in a research note on Friday, June 5th. Rosenblatt Securities raised their price target on shares of Rambus from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Benchmark began coverage on shares of Rambus in a research note on Wednesday, July 15th. They issued a “buy” rating and a $165.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $134.75.

Read Our Latest Research Report on Rambus

Rambus Profile (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.

Recommended Stories Five stocks we like better than Rambus Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Want to see what other hedge funds are holding RMBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rambus, Inc. (NASDAQ:RMBS – Free Report).

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Fifth Third Bancorp lifted its position in Rambus, Inc. (NASDAQ:RMBS – Free Report) by 1,675.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,361 shares of the semiconductor company’s stock after acquiring an additional 25,820 shares during the period. Fifth Third Bancorp’s holdings in Rambus were worth $2,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Krilogy Financial LLC lifted its position in Rambus by 3.8% during the first quarter. Krilogy Financial LLC now owns 2,238 shares of the semiconductor company’s stock valued at $193,000 after purchasing an additional 81 shares during the period. Oak Grove Capital LLC grew its position in Rambus by 1.3% during the 4th quarter. Oak Grove Capital LLC now owns 7,600 shares of the semiconductor company’s stock worth $698,000 after purchasing an additional 100 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Rambus by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 24,085 shares of the semiconductor company’s stock valued at $2,213,000 after buying an additional 103 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its stake in shares of Rambus by 3.3% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,445 shares of the semiconductor company’s stock valued at $317,000 after buying an additional 110 shares during the last quarter. Finally, Meeder Advisory Services Inc. lifted its holdings in shares of Rambus by 3.0% in the 4th quarter. Meeder Advisory Services Inc. now owns 3,883 shares of the semiconductor company’s stock valued at $357,000 after buying an additional 114 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Insider Buying and Selling at Rambus In other news, Director Meera Rao sold 2,972 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $150.30, for a total transaction of $446,691.60. Following the completion of the sale, the director owned 19,974 shares in the company, valued at approximately $3,002,092.20. The trade was a 12.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Xianzhi Sean Fan sold 37,914 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $151.69, for a total value of $5,751,174.66. Following the completion of the sale, the executive vice president directly owned 168,358 shares of the company’s stock, valued at approximately $25,538,225.02. This trade represents a 18.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 65,886 shares of company stock valued at $10,171,466. 0.75% of the stock is currently owned by company insiders.

Rambus Price Performance NASDAQ:RMBS opened at $105.79 on Wednesday. The company’s 50-day moving average is $130.56 and its two-hundred day moving average is $114.30. Rambus, Inc. has a 1-year low of $62.81 and a 1-year high of $174.10. The firm has a market capitalization of $11.44 billion, a price-to-earnings ratio of 50.38 and a beta of 1.84.

Rambus (NASDAQ:RMBS – Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $180.19 million during the quarter, compared to analysts’ expectations of $179.94 million. Rambus had a net margin of 31.90% and a return on equity of 17.41%. As a group, equities analysts anticipate that Rambus, Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth Several analysts recently commented on RMBS shares. Robert W. Baird lowered shares of Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price target on the stock. in a research report on Tuesday, April 28th. Rosenblatt Securities increased their target price on shares of Rambus from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Benchmark assumed coverage on Rambus in a research report on Wednesday, July 15th. They set a “buy” rating and a $165.00 target price on the stock. Jefferies Financial Group lifted their price target on Rambus from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Evercore reaffirmed an “outperform” rating and issued a $172.00 price target on shares of Rambus in a report on Tuesday, April 28th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $134.75.

Check Out Our Latest Report on Rambus

Rambus Profile (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.

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Rambus (NASDAQ:RMBS | RMBS Price Prediction) has ridden the AI memory wave in 2026, and Wall Street is taking notice. Benchmark and Rosenblatt Securities both initiated coverage this month with Buy ratings and $165 price targets, while the analyst consensus sits at $149.

Our 24/7 Wall St. price target for Rambus is $109.40 over the next 12 months, implying 8.48% upside from $100.85. Our recommendation is buy, with a confidence level of 90%.

24/7 Wall St. Price Target Summary Metric Value Current Price $100.85 24/7 Wall St. Price Target $109.40 Upside 8.48% Recommendation BUY Confidence Level 90% The Pullback That Reset Expectations Rambus is down 28.56% over the past month after touching a 52-week high of $174.10 in June. Even after the drawdown, shares are still up 47.85% over the trailing year and 9.75% year to date.

Q1 2026 revenue of $180.19 million narrowly beat consensus, though non-GAAP EPS of $0.63 missed by a penny. Product revenue climbed 15% year over year to $88 million on AI memory interface chip demand. The July 8 launch of the DDR5 9600 server RDIMM chipset (with a 20% bandwidth increase) kept the AI narrative intact. Q2 2026 earnings are set for July 27.

Why Bulls See a Breakout Ahead The bull case rests on Rambus owning the memory bottleneck in AI infrastructure. FY2025 revenue reached $707.63 million (+27.13%) and operating cash flow hit $360 million. Q4 2025 delivered a 24.77% EPS beat at $0.68.

CEO Luc Seraphin argues “the growth of AI inference and agentic workloads in the data center continues to drive demand for higher memory bandwidth.”

With the HBM4E memory controller IP marketed as the industry’s fastest, Benchmark’s Gary Mobley and Rosenblatt both see $165 as achievable. In the bull case, Rambus reaches $170.98, a 69.54% total return.

The Risks Worth Watching Royalty revenue slipped to $69.64 million in Q1 2026 from $74 million a year earlier, and non-GAAP operating margin compressed to 42% from 46%. Bulls counter that R&D spending rose 18% to $50.23 million because Rambus is funding the HBM4E and SOCAMM2 roadmap.

The shares trade at 48x trailing earnings, and GuruFocus pegs intrinsic value at $93.31. Tightening DRAM supply triggered an analyst downgrade after Q1, and a CFO transition adds noise. The bear case lands at $93.54, a 7.25% decline.

How Rambus Compares to Marvell and Micron Marvell Technology (NASDAQ:MRVL) is the closest AI-infrastructure silicon peer, trading at 47x forward earnings with an analyst target of $253.69. Marvell’s premium multiple, despite quarterly EPS growth of -80.4% YoY, suggests investors pay up for AI silicon exposure, making Rambus’s 24x forward P/E look reasonable.

Micron Technology (NASDAQ:MU) is the DRAM manufacturer whose memory Rambus’s interface chips enable. Micron trades at just 5x forward earnings with a 55.9% profit margin, showing memory cyclicality still spooks the market. Rambus’s IP-royalty model deserves a premium to Micron’s commodity exposure, supporting our target.

Company Forward P/E Analyst Target Rambus 24x $149 Marvell 47x $253.69 Micron 5x $1,491.95 I’d Buy It Here The 24/7 Wall St. price target for Rambus is $109.40, a buy at 90% confidence. The tipping factor is the recent 28% pullback, which resets the risk-reward after June’s froth.

Buy here if the July 27 earnings report confirms product revenue toward the top of the $95 to $101 million guide. Stay on the sidelines if royalty revenue slips further below $72 million or margins compress again.

Year 24/7 Wall St. Price Target 2026 $109 2027 $118 2028 $126 2029 $132 2030 $138.81 These projections assume Rambus executes on DDR5 leadership and HBM4E ramp. Significant upside or downside could come from AI infrastructure capex cycles or a shift in the DRAM royalty base.

Contact [email protected] for any questions or corrections.

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Our Rambus (NASDAQ:RMBS | RMBS Price Prediction) call is constructive. After a violent June rally and sharp July pullback, the memory interface specialist trades in the shadow of its own overshoot. The 24/7 Wall St. price target for Rambus is $108.43 over the next 12 months, implying 5.38% upside from $102.89. Our recommendation is buy with high confidence at 0.9.

24/7 Wall St. Price Target Summary Metric Value Current Price $102.89 24/7 Wall St. Price Target $108.43 Upside 5.38% Recommendation BUY Confidence Level 90% From June Peak to July Reset Shares are down 6.16% over the past week and 28.19% over the last month after peaking near $143.29 on June 15. Even after that reset, RMBS is up 11.97% year to date and 59.45% over the past 12 months, trading 17% below the 52-week high of $174.10.

Fundamentals are strong. Q1 FY26 revenue hit $180.19 million, up 8.12% year over year, with product revenue climbing 15%. Non-GAAP EPS came in at $0.63, narrowly missing the $0.6363 consensus.

FY25 closed at $707.63 million in revenue, up 27.13%, and $360 million in operating cash flow. CEO Luc Seraphin flagged that “the growth of AI inference and agentic workloads in the data center continues to drive demand for higher memory bandwidth.”

The Bull Case Our bull-case scenario points to $173.05 within 12 months, implying 68.19% upside. Analyst consensus sits at $144.57, with 7 buys, 2 holds, and zero sells. Drivers:

DDR5 Registered Clock Driver leadership, HBM4E memory controller IP marketed as the industry’s fastest, and LPDDR5X SOCAMM2 chipset for next-generation AI servers. Q2 FY26 guidance calls for product revenue of $95 to $101 million, extending the Q4 FY25 record.

What Could Go Wrong The bear case targets $92.86, or -9.75% from here. Royalty revenue slipped to $69.64 million from $74 million a year ago. An analyst downgrade cited tightening DRAM supply. Non-GAAP operating margin compressed to 42% from 46% as R&D climbed 18%.

Insiders including the COO and multiple directors sold shares between $125.52 and $170.15 in May and June. Bulls counter that R&D spend of $50.23 million funds HBM4E and SOCAMM2 designs that should compound into product revenue for years.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rambus didn't make the cut. Grab the names FREE today.

Rambus vs. Marvell and Astera Labs Marvell Technology (NASDAQ:MRVL) is the scaled AI-silicon peer at a $180.6 billion market cap, with Q1 FY27 revenue of $2.42 billion and 27.6% growth. Marvell’s data center segment dwarfs all of Rambus, giving investors a read on AI infrastructure demand: if hyperscaler capex holds for MRVL, Rambus royalty and product ramps should follow.

Astera Labs (NASDAQ:ALAB) is the growth counterpoint. ALAB grew Q1 FY26 revenue 93.4% to $308.4 million and trades at a P/E of 283. Rambus’s 49 trailing and 24 forward P/E look reasonable against that. Peers make our $108.43 target look conservative on multiples but appropriate given Rambus’s slower top-line trajectory.

Bottom Line The 24/7 Wall St. price target for Rambus is $108.43, recommendation buy, confidence 90%. The combination of bullish analyst skew, tech sector tailwinds, and a derated price after the June pullback tips the scale.

Confidence rises if Q2 FY26 product revenue lands at the high end of the $95 to $101 million guide and royalty revenue stabilizes. The setup weakens if DRAM supply tightens further or margin compression persists.

Rambus Price Prediction 2026-2030 Our model projects the following trajectory under base-case assumptions, extending the 247Factor framework across a 5.18% annualized base-case return.

Year 24/7 Wall St. Price Target 2026 $108.43 2027 $106.32 2028 $111.61 2029 $118.51 2030 $127.10 These projections assume Rambus converts its DDR5, HBM4E, and SOCAMM2 pipeline into royalty and product revenue at its historical clip. A step-change in AI memory adoption could push results toward the bull path near $339 by 2031; a DRAM supply squeeze or major license loss could pin them near the bear path.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rambus didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

Estimated Book Value Per Share as of June 30, 2026 of $7.22
Estimated GAAP net income of $0.44 per share for the quarter ended June 30, 2026 including an estimated $0.18 per share of net realized and unrealized gains on RMBS and derivative instrumentsEstimated 6.2% total return on equity for the quarter ended June 30, 2026 Estimated book value, net income and total return on equity amounts are preliminary, subject to change, and subject to review by the Company’s independent registered public accounting firmRMBS Portfolio Characteristics as of June 30, 2026  Vero Beach, Fla., July 13, 2026 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) announced today its estimated second quarter of 2026 results and portfolio characteristics as of June 30, 2026.

Shares Outstanding

As of July 13, 2026 and June 30, 2026, the Company had 199,603,438 shares of common stock outstanding. As of March 31, 2026, the Company had 196,700,226 shares of common stock outstanding.

Estimated June 30, 2026 Book Value Per Share

The Company’s estimated book value per share as of June 30, 2026 was $7.22.  The Company computes book value per share by dividing total stockholders' equity by the total number of outstanding shares of common stock. At June 30, 2026, the Company's preliminary estimated total stockholders' equity was approximately $1.4 billion with 199,603,438 shares of common stock outstanding. These figures and the resulting estimated book value per share are preliminary, subject to change, and subject to review by the Company’s independent registered public accounting firm. 

Estimated Net Income Per Share and Realized and Unrealized Gains on RMBS and Derivative Instruments

The Company estimates it generated net income per share of $0.44 for the quarter ended June 30, 2026, which includes an estimated $0.18 per share of net realized and unrealized gains on RMBS and derivative instruments. These amounts compare to total dividends declared during the quarter of $0.30 per share. Net income per common share calculated under generally accepted accounting principles can, and does, differ from our real estate investment trust ("REIT") taxable income.  The Company views REIT taxable income as a better indication of income to be paid in the form of a dividend rather than net income. Many components of REIT taxable income can only be estimated at this time and our monthly dividends declared are based on both estimates of REIT taxable income to be earned over the course of the current quarter and calendar year and a longer-term estimate of the REIT taxable income of the Company. These figures are preliminary, subject to change, and subject to review by the Company’s independent registered public accounting firm. 

Estimated Total Return on Equity

The Company’s estimated total return on equity for the quarter ended June 30, 2026 was 6.2%. The Company calculates total return on equity as the sum of dividends declared and paid during the quarter plus changes in book value during the quarter, divided by the Company’s stockholders’ equity at the beginning of the quarter. The total return was $0.44 per share, comprised of dividends per share of $0.30 and an increase in book value per share of $0.14 from June 30, 2026.

RMBS Portfolio Characteristics

Details of the RMBS portfolio as of June 30, 2026 are presented below. These figures are preliminary and subject to change and, with respect to figures that will appear in the Company’s financial statements and associated footnotes as of and for the quarter ended June 30, 2026, are subject to review by the Company’s independent registered public accounting firm:

RMBS Valuation CharacteristicsRMBS Assets by AgencyInvestment Company Act of 1940 (Whole Pool) Test ResultsRepurchase Agreement Exposure by CounterpartyRMBS Risk Measures About Orchid Island Capital, Inc.

Orchid Island Capital, Inc. is a specialty finance company that invests on a leveraged basis in Agency RMBS. Our investment strategy focuses on, and our portfolio consists of, two categories of Agency RMBS: (i) traditional pass-through Agency RMBS, such as mortgage pass-through certificates and collateralized mortgage obligations issued by Fannie Mae, Freddie Mac or Ginnie Mae, and (ii) structured Agency RMBS. The Company is managed by Bimini Advisors, LLC, a registered investment adviser with the Securities and Exchange Commission.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon Orchid Island Capital, Inc.’s present expectations, but these statements are not guaranteed to occur. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025.

 RMBS Valuation Characteristics
($ in thousands)
                                     Realized
                                     Realized
 Apr-26 -
                                     Jun-26
 Jun-26
                     Net
         Weighted
 CPR
 CPR
                     Weighted
         Average
 (1-Month)
 (3-Month)
 Modeled Interest
  Current
 Fair
 % of
 Current
 Average
         Maturity
 (Reported
 (Reported
 Rate Sensitivity (1)
Type Face
 Value
 Portfolio
 Price
 Coupon
 GWAC
 Age
 (Months)
 in July)
 in July)
 (-50 BPS)
 (+50 BPS)
Fixed Rate RMBS                                                30yr 3.0 $315,785  $280,604   2.43%  88.86   3.00%  3.52%  62   291   8.1%  6.5% $8,376  $(8,497)30yr 3.5  37,144   33,944   0.29%  91.39   3.50%  4.30%  81   260   1.7%  3.7%  993   (1,011)30yr 4.0  47,532   45,097   0.39%  94.88   4.00%  4.77%  85   270   10.2%  11.4%  1,169   (1,208)30yr 4.5  436,796   422,712   3.66%  96.78   4.50%  5.46%  30   326   7.6%  6.1%  9,135   (10,098)30yr 5.0  2,163,688   2,140,194   18.55%  98.91   5.00%  6.00%  13   344   4.6%  5.2%  40,360   (47,402)30yr 5.5  4,030,632   4,086,306   35.41%  101.38   5.50%  6.45%  13   343   6.4%  6.6%  60,965   (76,234)30yr 6.0  3,051,319   3,146,124   27.26%  103.11   6.00%  6.92%  18   336   11.0%  15.1%  31,503   (43,625)30yr 6.5  1,261,375   1,317,446   11.42%  104.45   6.50%  7.39%  20   334   22.2%  22.8%  9,259   (13,756)30yr 7.0  52,676   55,771   0.48%  105.88   7.00%  7.91%  31   321   15.6%  42.4%  458   (600)Total Pass-Through RMBS  11,396,947   11,528,198   99.90%  101.15   5.54%  6.47%  18   338   9.2%  10.9%  162,218   (202,431)Total Structured RMBS  82,573   11,966   0.10%  14.49   3.39%  4.59%  139   204   7.2%  7.0%  63   95                                                  Total Mortgage Assets $11,479,520  $11,540,164   100.00%      5.52%  6.45%  19   337   9.2%  10.9% $162,281  $(202,336)                                                      Hedge Modeled Interest
  Notional
Period Rate Sensitivity (1)
Hedge Balance
End (-50 BPS)
 (+50 BPS)
3-Month SOFR Futures $(390,000)Jan-27 $(1,950) $1,950 10-Year Treasury Future(3)  (188,600)May-33  (6,062)  5,854 10-Year Ultra Treasury Future(4)  (60,000)Feb-36  (2,628)  2,542 ERIS SOFR Swap Futures  (10,000)Sep-31  (182)  177 Swaps  (7,814,200)Feb-31  (160,872)  155,615 Swaptions  (1,000,000)Dec-31  (2,737)  5,001 TBA Short  (594,900)Jul-26  (8,005)  10,686 Hedge Total $(10,057,700)  $(182,436) $181,825 Rate Shock Grand Total      $(20,155) $(20,511) (1) Modeled results from Citigroup Global Markets Inc. Yield Book. Interest rate shocks assume instantaneous parallel shifts and horizon prices are calculated assuming constant SOFR option-adjusted spreads. These results are for illustrative purposes only and actual results may differ materially.(2) Ten-year Treasury futures contracts were valued at prices of $109.89 at June 30, 2026. The market value of the short position was $207.3 million.(3) Ten-year Ultra futures contracts were valued at prices of $112.47 at June 30, 2026 The market value of the short position was $67.5 million.    RMBS Assets by Agency
($ in thousands)
      Percentage
  Fair
 of
Asset Category Value
 Portfolio
As of June 30, 2026        Fannie Mae $6,022,656   52.2%Freddie Mac  5,517,509   47.8%Total Mortgage Assets $11,540,165   100.0%          Investment Company Act of 1940 Whole Pool Test
($ in thousands)
      Percentage
  Fair
 of
Asset Category Value
 Portfolio
As of June 30, 2026        Non-Whole Pool Assets $574,055   5.0%Whole Pool Assets  10,966,109   95.0%Total Mortgage Assets $11,540,164   100.0%          Borrowings By Counterparty
($ in thousands)
          Weighted
 Weighted        % of
 Average
 Average    Total
 Total
 Repo
 Maturity LongestAs of June 30, 2026 Borrowings
 Debt
 Rate
 in Days MaturityWells Fargo Securities, LLC $568,720   5.1%  3.77%  14 8/19/2026Marex Capital Markets Inc.  497,411   4.5%  3.78%  20 7/23/2026StoneX Financial Inc.  486,529   4.4%  3.79%  73 9/23/2026Hidden Road Partners Civ US LLC  484,902   4.4%  3.76%  53 8/26/2026Citigroup Global Markets Inc  483,698   4.4%  3.76%  29 9/21/2026ABN AMRO Bank N.V.  477,675   4.3%  3.76%  24 7/27/2026ASL Capital Markets Inc.  472,828   4.3%  3.77%  57 9/21/2026The Bank of Nova Scotia  460,634   4.2%  3.75%  27 8/13/2026South Street Securities, LLC  458,067   4.1%  3.82%  68 11/13/2026J.P. Morgan Securities LLC  451,719   4.1%  3.78%  27 7/27/2026RBC Capital Markets, LLC  445,012   4.0%  3.82%  27 7/27/2026Cantor Fitzgerald & Co  424,847   3.8%  3.76%  24 7/24/2026DV Securities, LLC Repo  423,823   3.8%  3.77%  47 8/27/2026Banco Santander SA  413,756   3.7%  3.77%  14 7/20/2026Daiwa Securities America Inc.  407,688   3.7%  3.81%  67 9/23/2026Clear Street LLC  407,554   3.7%  3.76%  17 7/20/2026Goldman, Sachs & Co  395,928   3.6%  3.76%  27 7/27/2026Bank of Montreal  376,058   3.4%  3.76%  15 7/15/2026ING Financial Markets LLC  370,344   3.3%  3.80%  13 7/13/2026Brean Capital, LLC  299,159   2.7%  3.76%  21 7/27/2026Mirae Asset Securities (USA) Inc.  296,573   2.7%  3.79%  47 8/24/2026MUFG Securities Canada, Ltd.  268,537   2.4%  3.75%  30 8/4/2026Morgan Stanley & Co. LLC  260,567   2.4%  3.74%  9 7/15/2026Merrill Lynch, Pierce, Fenner & Smith  252,699   2.3%  3.78%  26 7/27/2026Mitsubishi UFJ Securities (USA), Inc.  239,196   2.2%  3.77%  22 7/22/2026TD Securities (USA) LLC  219,140   2.0%  3.78%  42 8/11/2026Nomura Securities International, Inc.  212,865   1.9%  3.76%  40 8/14/2026Mizuho Securities USA LLC  182,067   1.6%  3.77%  15 7/15/2026Natixis, New York Branch  137,685   1.2%  3.76%  19 7/24/2026BNP Paribas Securities Corp.  135,654   1.2%  3.78%  41 8/10/2026Lucid Prime Fund, LLC  30,438   0.3%  3.75%  16 7/16/2026Canyon Partners, LLC  23,899   0.2%  3.71%  17 7/17/2026Mesirow Financial, Inc.  21,243   0.2%  3.75%  16 7/16/2026Total Borrowings $11,086,915   100.0%  3.77%  32 11/13/2026                   Contact:

Orchid Island Capital, Inc.
Robert E. Cauley
3305 Flamingo Drive, Vero Beach, Florida 32963
Telephone: (772) 231-1400