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Rambus Inc . (NASDAQ:RMBS), a semiconductor and IP products company with a market capitalization of $5.2 billion and impressive gross profit margins of 82%, conducted its annual stockholders’ meeting on Thursday, April 24, 2025. According to InvestingPro data, the company has demonstrated strong financial health with revenue growth of 30% over the last twelve months. The meeting saw a significant turnout with 92.33% of the eligible shares represented, addressing key proposals outlined in the company’s definitive proxy statement for 2025.
At the meeting, stockholders voted on three primary items. The first item was the election of three Class II directors to serve a two-year term expiring in 2027. Emiko Higashi, Steven Laub, and Eric Stang were the directors up for election, and all received a majority of votes in favor of their appointment. Higashi secured 74,705,013 votes for, Laub had 81,944,530, and Stang received 79,780,335.
The second item on the agenda was the ratification of KPMG LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. This proposal was also passed with overwhelming support, receiving 98,941,664 votes in favor.
The third and final item was an advisory vote on the compensation of the company’s named executive officers. This proposal, too, was approved, with 89,090,068 votes in favor, 2,839,038 against, and 82,178 abstentions.
The results of the meeting demonstrate shareholder confidence in the company’s leadership and strategic direction. The approval of the executive compensation package, in particular, reflects stockholder endorsement of the company’s management practices. This confidence appears well-placed, as analysts maintain a Strong Buy consensus on the stock.
Rambus, headquartered in San Jose, California, is known for its semiconductor and IP products, and the annual meeting is a crucial event for the company’s governance, providing shareholders the opportunity to vote on important corporate decisions. The information disclosed is based on an SEC filing. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with 8 additional exclusive insights available to subscribers. Discover comprehensive analysis and detailed metrics in the Pro Research Report, part of the extensive coverage of 1,400+ US stocks on InvestingPro.
In other recent news, Rambus Inc. reported its first-quarter earnings for 2025, meeting earnings per share expectations and surpassing revenue forecasts. The company posted an EPS of $0.56, aligning with analyst predictions, and achieved a revenue of $166.7 million, exceeding the anticipated $161.5 million. This revenue beat was driven by a 52% year-over-year surge in product revenue, particularly from DDR5 RCD chips, highlighting robust demand. Additionally, Rambus maintains a strong cash position with $514.4 million in cash and equivalents. For the second quarter of 2025, Rambus has provided revenue guidance ranging from $167 million to $173 million, with non-GAAP EPS expected to range from $0.57 to $0.64. Despite the strong financial performance, the company’s stock experienced a slight decline in aftermarket trading. Furthermore, the company’s CEO, Luke Seraphin, emphasized Rambus’s resilience in navigating market challenges and its ambition to maintain a significant market share in RCD chips.
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