RAMBUS INC
In the published model solve dated 2026-Q2, anchored at $97.29, RAMBUS INC (RMBS) is priced for today's economics sustained for ~15.6 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• Rambus makes the chips that keep high-speed memory reliable, principally DDR5 register clock drivers that sit on server memory modules, and it pairs that product business with a steady royalty stream from its memory-interface patents, so revenue comes from both selling silicon and licensing the IP behind it. • The price is the risk: at roughly 60 times operating income the stock implies growth held at its self-funding ceiling for around two decades, a pace only about 15 percent of fast-growers
Is RMBS overvalued? See what's priced in →
536 institutional managers reported holding RMBS in 13F filings for the quarter ended 2026-03-31. Together they hold about 92% of the company; the top 10 hold 51%. 71 opened new positions that quarter. Held by BlackRock, Vanguard Group, Invesco, among others. On the short side, 7.7M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (2.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
RMBS has cut its share count 3.7% over the past five years, spending $323.95M on repurchases. It pays no dividend. Cash returned over the past three years: $223.52M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at RMBS over the trailing three years. Absence is a fact about the company, not a signal. 12 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
RMBS's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | -2.2% | +10.4% |
| 2023-11-04 | +5.3% | +9.1% |
| 2024-02-24 | -19.6% | +5.6% |
| 2024-05-03 | -7.4% | +10.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
RMBS's latest 8-K filings: 2026-08-05 (items 1.01, 2.03, 9.01); 2026-07-27 (items 2.02, 9.01); 2026-04-29 (items 5.02, 9.01); 2026-04-27 (items 2.02, 9.01); 2026-04-24 (items 5.07, 8.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.