Oppenheimer & Close LLC Has $479,000 Stake in Everspin Technologies, Inc. (NASDAQ:MRAM)

Oppenheimer & Close LLC lowered its position in Everspin Technologies, Inc. (NASDAQ:MRAM) by 8.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 75,000 shares of the business services provider’s stock after selling 7,000 shares during the period. Oppenheimer & Close LLC owned 0.34% of Everspin Technologies worth $479,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in shares of Everspin Technologies by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 412,879 shares of the business services provider’s stock valued at $2,437,000 after acquiring an additional 1,941 shares during the period. State Street Corp lifted its position in shares of Everspin Technologies by 1.5% during the 3rd quarter. State Street Corp now owns 219,393 shares of the business services provider’s stock valued at $1,294,000 after acquiring an additional 3,298 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Everspin Technologies by 9.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,283 shares of the business services provider’s stock valued at $379,000 after acquiring an additional 5,059 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Everspin Technologies by 49.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 58,668 shares of the business services provider’s stock valued at $346,000 after acquiring an additional 19,367 shares during the period. Finally, Barclays PLC lifted its position in shares of Everspin Technologies by 157.9% during the 3rd quarter. Barclays PLC now owns 52,654 shares of the business services provider’s stock valued at $310,000 after acquiring an additional 32,240 shares during the period. Institutional investors and hedge funds own 44.68% of the company’s stock.

Insider Buying and Selling at Everspin Technologies

In other news, CEO Sanjeev Aggarwal sold 35,142 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $5.37, for a total value of $188,712.54. Following the completion of the sale, the chief executive officer now owns 654,828 shares in the company, valued at $3,516,426.36. This represents a 5.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.10% of the stock is currently owned by company insiders.

Everspin Technologies Trading Up 0.2 %

Shares of MRAM stock opened at $5.21 on Friday. The firm has a market capitalization of $115.35 million, a PE ratio of 86.83 and a beta of 0.79. The firm has a fifty day simple moving average of $5.81 and a two-hundred day simple moving average of $5.99. Everspin Technologies, Inc. has a 12 month low of $4.89 and a 12 month high of $8.25.

Everspin Technologies (NASDAQ:MRAM) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $13.20 million for the quarter, compared to the consensus estimate of $12.50 million. Everspin Technologies had a net margin of 2.85% and a return on equity of 2.74%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Everspin Technologies from a “buy” rating to a “hold” rating in a research report on Friday, February 28th.

Everspin Technologies Company Profile

Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.