Rambus (RMBS) Stock

VERO BEACH, Fla., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) has announced that its Board of Directors has approved a monthly cash dividend for December 2024. Shareholders will receive $0.12 per share on January 30, 2025, if they are on record as of December 31, 2024, which is also the ex-dividend date. The Company intends to reveal its next dividend for common stock on January 8, 2025.

Carillon Tower Advisers, an investment management firm, published its third quarter 2024 investor letter for the "Carillon Eagle Small Cap Growth Fund." You can download the letter here. After facing losses in the second quarter, small-cap stocks saw a significant rise in the third quarter, with the Russell 2000 Growth Index increasing by 8.41%, although it still lagged behind the Russell 2000 Value Index.

Rambus, which has faced difficulties in the past, is now an attractive investment at 28 times its expected free cash flow, holding more than 5% of its market value in cash. The company focuses on memory interface chips and chipsets, benefiting from the rise of DDR5 technology and increased demand in data centers. Although its revenue growth can be inconsistent, Rambus' strong financial position and advanced memory technologies present a good investment chance.

VERO BEACH, Fla., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) has announced that its Board of Directors has approved a monthly cash dividend for November 2024. Shareholders will receive $0.12 per share on December 30, 2024, if they are on record as of November 29, 2024, which is also the ex-dividend date. The Company intends to reveal its next dividend for common stock on December 10, 2024.

Since our first update a year ago, RMBS has struggled due to ongoing DDR4 inventory issues, even though DDR5 has been growing well. I believe the recent Q3 2024 report marks a turning point for the company. RMBS has introduced new DDR5 products aimed at AI and data centers, strengthening its presence in these high-demand markets while moving away from DDR4.

Wall Street analysts have set an average price target for Rambus (RMBS) that suggests a possible increase of 37.6%. Although the reliability of this popular measure is debatable, the recent positive changes in earnings estimates could lead to a rise in the stock's value.

Rambus, a semiconductor company valued at $4.7 billion, improves data storage and processing speeds with its advanced memory systems, which are essential due to the rising need for AI, 5G, and IoT. The company is focusing on becoming a leader in the DDR5 market, which is important for real-time AI applications, setting itself up for future growth. In the third quarter of 2023, Rambus saw a 40% increase in revenue compared to the previous year, thanks to a doubling of royalty income and high demand for memory interface chips, which greatly increased its operating income and cash flow.

The increasing demand for DRAM in data centers is helping this memory interface company.

Rambus Inc. (NASDAQ:RMBS) will hold its Q3 2024 Earnings Conference Call on October 28, 2024, at 5:00 PM ET. The call will feature company leaders, including CFO Desmond Lynch and CEO Luc Seraphin, along with analysts from various firms. Currently, all participants are in listen-only mode.