New York State Common Retirement Fund Reduces Stake in Rambus by Over 30%
April 22, 2023
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Rambus Inc ($NASDAQ:RMBS). is a global technology company that specializes in the design, development, and manufacture of advanced memory and chip technologies. While no official reason was given for the divestment, it likely indicates that the fund’s advisors are not confident in the company’s ability to perform well in the future. It may also suggest a general lack of confidence in the memory and chip technologies space, as these sectors have seen declining performance in recent years. It will be interesting to see how the company responds to this development and if other investors follow suit with their own divestments.
Stock Price
On Friday, RAMBUS INC‘s stock opened at $49.3 and closed at $49.3, down by 0.1% from its last closing price of $49.4. This marks a major shift in investor sentiment towards RAMBUS INC, as the pension fund held a significant portion of the company’s stock prior to this sell-off. The pension fund’s decision to reduce its stake in RAMBUS INC will likely have an impact on the company’s performance going forward, but only time will tell the extent of this effect. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Rambus Inc. More…
| Total Revenues | Net Income | Net Margin |
| 454.79 | -14.31 | 9.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rambus Inc. More…
| Operations | Investing | Financing |
| 230.39 | 151.98 | -362.94 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Rambus Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.01k | 233.3 | 6.98 |
Key Ratios Snapshot
Some of the financial key ratios for Rambus Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 26.6% | -8.3% | -1.3% |
| FCF Margin | ROE | ROA |
| 46.2% | -0.5% | -0.4% |
Analysis
GoodWhale has conducted an analysis of RAMBUS INC to determine its wellbeing. Our Risk Rating shows that RAMBUS INC is a high risk investment, both financially and business-wise. We have identified three risk warnings in RAMBUS INC’s income sheet, balance sheet, and financial journal. To view these warnings, become a registered user on our site. With this information, you can decide if RAMBUS INC is the right investment for you. More…
Peers
Rambus Inc. is a leading developer of high-speed memory chips and interfaces. Its products are used in a variety of applications, including personal computers, servers, and mobile devices. The company competes with Goke Microelectronics Co Ltd, 3Peak Incorporated, and Suzhou Novosense Microelectronics Co Ltd in the development of high-speed memory chips and interfaces.
– Goke Microelectronics Co Ltd ($SZSE:300672)
Goke Microelectronics Co Ltd is a leading provider of semiconductor and display technologies. The company has a market cap of 11.04B as of 2022 and a return on equity of 12.85%. Goke Microelectronics Co Ltd is a leading provider of semiconductor and display technologies. The company develops and manufactures innovative semiconductor and display products for a wide range of applications. Goke Microelectronics Co Ltd’s products are used in a variety of electronic devices, including mobile phones, computers, TVs, and more.
– 3Peak Incorporated ($SHSE:688536)
Peak Incorporated is a leading provider of analytical instruments, software, and services for the global life sciences market. The company has a market cap of 30.14B and a ROE of 9.56%. Peak Incorporated provides a wide range of products and services to help scientists and researchers advance their scientific knowledge and improve human health. The company’s products are used in a variety of applications, including drug discovery, basic research, and clinical research.
– Suzhou Novosense Microelectronics Co Ltd ($SHSE:688052)
Suzhou Novosense Microelectronics Co Ltd is a Chinese company that designs, develops, manufactures, and sells microelectronic products and services. The company has a market cap of 30.12B as of 2022 and a return on equity of 6.73%. The company’s products include integrated circuits, sensors, and other electronic components. It also provides services such as design, development, and testing of microelectronic products.
Summary
Rambus Inc., a provider of semiconductor and IP products, has been the subject of a recent investment analysis. This comes as investors analyze the future growth potential of Rambus and its ability to deliver returns in the long-term. Investors are also considering the semiconductor industry’s competitive landscape, which could potentially affect Rambus’ success going forward. Overall, it is important for investors to consider the current market conditions and the risks associated with investing in Rambus Inc. before making any decisions.
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