Everspin Tech (NASDAQ:MRAM) Issues Earnings Results

Everspin Tech (NASDAQ:MRAM) posted its quarterly earnings data on Wednesday. The business services provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01, reports. Everspin Tech had a return on equity of 2.65% and a net margin of 3.19%.The company had revenue of $14.06 million during the quarter, compared to analysts’ expectations of $14.00 million. Everspin Tech updated its Q4 2025 guidance to 0.080-0.130 EPS.

Everspin Tech Trading Down 17.2%

Shares of MRAM traded down $1.81 during mid-day trading on Thursday, hitting $8.72. 564,507 shares of the company traded hands, compared to its average volume of 150,112. Everspin Tech has a one year low of $4.34 and a one year high of $12.27. The business has a 50-day moving average of $9.13 and a 200 day moving average of $7.17. The stock has a market capitalization of $197.25 million, a price-to-earnings ratio of 124.57 and a beta of 0.47.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MRAM shares. Wall Street Zen raised Everspin Tech from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Everspin Tech in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Everspin Tech currently has a consensus rating of “Moderate Buy”.

Insider Transactions at Everspin Tech

In related news, CEO Sanjeev Aggarwal sold 17,147 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $10.15, for a total value of $174,042.05. Following the transaction, the chief executive officer owned 574,757 shares in the company, valued at $5,833,783.55. This trade represents a 2.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Everspin Tech

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in Everspin Tech in the second quarter valued at approximately $716,000. Jane Street Group LLC acquired a new position in Everspin Tech in the second quarter valued at approximately $363,000. Brevan Howard Capital Management LP acquired a new position in Everspin Tech in the second quarter valued at approximately $227,000. Qube Research & Technologies Ltd lifted its holdings in Everspin Tech by 41.4% in the second quarter. Qube Research & Technologies Ltd now owns 103,300 shares of the business services provider’s stock valued at $650,000 after buying an additional 30,244 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Everspin Tech during the 2nd quarter worth about $164,000. 44.68% of the stock is currently owned by institutional investors and hedge funds.

Everspin Tech 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.