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RMBS

Rambus

$12.57

0.03 (0.24%)

20:15
09/03/19
09/03
20:15
09/03/19
20:15

Rambus to acquire Verimatrix silicon IP business for $65M in cash

Verimatrix announced it has entered into an exclusivity agreement to sell its Silicon IP and Secure Protocols business unit to Rambus for a transaction consideration of $65M in cash. The SIP business unit, one of the two business units of Verimatrix, generated $22M in revenue, representing 17% of the company's revenue, for an EBITDA margin consistent with the one of the company overall, operated by a team of about 72 people based in Europe, the U.S. and Asia. The SIP business unit provides intellectual property components, software toolkits and provisioning solutions to enable semiconductor manufacturers and fabless companies, device manufacturers and security software integrators to meet the critical needs for secure communication and performance acceleration, information protection and user privacy for IoT and network security markets. The transaction is intended to be signed in Q3 subject to completion of an information and consultation process with Verimatrix works council in France. It is expected to close in Q4 subject to customary signing and closing conditions.

  • 10

    Sep

  • 17

    Sep

RMBS Rambus
$12.57

0.03 (0.24%)

04/23/19
DBAB
04/23/19
NO CHANGE
Target $14
DBAB
Buy
Rambus price target raised to $14 from $12 at Deutsche Bank
Deutsche Bank analyst Sidney Ho raised his price target for Rambus to $14 from $12 and keeps a Buy rating on the shares following the company's Q1 results. After adjusting numbers to reflect ASC 605, Rambus reported in-line results and guidance, Ho tells investors in a research note. While the outlook remains "somewhat cloudy," management appeared more confident in a second half recovery for its memory chip buffer business, adds the analyst. He believes the company is making a smart decision to focus on allocating resources towards its growth businesses.
05/14/19
WELS
05/14/19
INITIATION
WELS
Outperform
Rambus initiated with an Outperform at Wells Fargo
05/14/19
WELS
05/14/19
INITIATION
Target $15
WELS
Outperform
Wells Fargo starts Rambus at Outperform with $15 price target
As previously reported, Wells Fargo analyst Gary Mobley initiated Rambus with an Outperform rating and a $15 price target, calling the stock "a key name" in the IoT/Wireless and Data Center Semiconductor space. Potential Rambus catalysts include reaccelerating revenue and profit growth in FY20, continued growth of memory and SERDES PHY cores, and a potential sale of the company's SCS business, Mobley tells investors.
07/30/19
SBSH
07/30/19
NO CHANGE
Target $15
SBSH
Buy
Citi still views Rambus as attractive takeover target, ups target to $15
Citi analyst Atif Malik raised his price target for Rambus to $15 from $13.10 following the company's Q2 results and keeps a Buy rating on the shares. The company's strategic review remains on track, Malik tells investors in a research note. The analyst continues to view Rambus as an attractive intellectual property takeover asset.

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ARMK

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MSFT

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APVO

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MNKD

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NAV

Navistar

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