Everspin Tech (NASDAQ:MRAM) Price Target Lowered to $14.00 at Needham & Company LLC

Everspin Tech (NASDAQ:MRAM) had its price objective lowered by Needham & Company LLC from $15.00 to $14.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

Other equities analysts also recently issued research reports about the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a research report on Monday, December 29th. Wall Street Zen downgraded Everspin Tech from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Everspin Tech currently has an average rating of “Hold” and an average target price of $14.00.

Everspin Tech Trading Down 15.6%

MRAM opened at $9.11 on Thursday. Everspin Tech has a twelve month low of $4.34 and a twelve month high of $17.24. The firm has a market capitalization of $208.25 million, a PE ratio of -303.67 and a beta of 0.86. The firm’s 50-day moving average price is $11.59 and its 200 day moving average price is $9.69.

Everspin Tech (NASDAQ:MRAM) last released its quarterly earnings data on Wednesday, March 4th. The business services provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $14.80 million during the quarter, compared to the consensus estimate of $14.45 million. Everspin Tech had a negative net margin of 1.06% and a negative return on equity of 0.91%. Everspin Tech has set its Q1 2026 guidance at 0.070-0.120 EPS.

Insiders Place Their Bets

In other Everspin Tech news, CFO William Earl Cooper sold 6,807 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $12.06, for a total transaction of $82,092.42. Following the completion of the sale, the chief financial officer owned 93,193 shares of the company’s stock, valued at $1,123,907.58. This trade represents a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.90% of the company’s stock.

Hedge Funds Weigh In On Everspin Tech

Hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of Everspin Tech during the 2nd quarter worth about $25,000. Kestra Advisory Services LLC purchased a new position in Everspin Tech during the fourth quarter worth about $41,000. Occudo Quantitative Strategies LP purchased a new position in Everspin Tech during the second quarter worth about $70,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Everspin Tech during the third quarter valued at about $82,000. Finally, Algert Global LLC acquired a new stake in shares of Everspin Tech during the third quarter valued at about $102,000. 44.68% of the stock is currently owned by hedge funds and other institutional investors.

Everspin Tech News Roundup

Here are the key news stories impacting Everspin Tech this week:

• Positive Sentiment: Q4 beat and demand signals — Everspin reported $0.11 EPS vs. $0.10 expected and $14.8M revenue vs. $14.45M expected; management cited strength in Data Center, Energy Management and Industrial Automation end markets. BusinessWire: Q4 Results
• Positive Sentiment: Product/roadmap progress — Everspin announced advancement of its high‑reliability xSPI MRAM to 256Mb density and production qualification milestones, supporting longer‑term TAM expansion and higher ASP opportunity. TMCNet: 256Mb xSPI MRAM
• Neutral Sentiment: Mixed Q1 guidance — Management set Q1 FY2026 EPS guidance of $0.070–$0.120 (in line with consensus midpoint) and revenue guidance of $14.0M–$15.0M (consensus ~$14.7M). The range leaves room for execution risk but is not a clear negative relative to expectations. Press Release: Guidance
• Neutral Sentiment: Earnings call commentary highlights MRAM momentum — Transcripts and call summaries emphasize design wins and market traction, which are supportive but take time to convert into sizable revenue. TipRanks: Call Highlights
• Negative Sentiment: Analyst target trim — Needham lowered its price target from $15 to $14 (still a Buy), signaling slightly reduced near‑term conviction on upside which can pressure sentiment. Benzinga: Needham Price Target
• Negative Sentiment: Profitability concerns remain — Everspin reported a negative net margin and slightly negative ROE, underlining that scale and margin improvement are needed to turn GAAP profitability positive over time. MarketBeat: Earnings Details

Everspin Tech Company Profile

Everspin Technologies, Inc (NASDAQ: MRAM) is a semiconductor company specializing in the design, development and marketing of magnetoresistive random access memory (MRAM) solutions. Established in 2008 as a spin-out from Freescale Semiconductor, the company pioneered commercial MRAM products and continues to advance the technology through successive generations, including Toggle MRAM and spin-transfer torque (STT) MRAM. Everspin’s non-volatile memory devices offer a unique combination of performance, endurance and data retention for a variety of applications.

The company’s product portfolio includes discrete MRAM chips, embedded MRAM IP for integration into system-on-chip (SoC) designs and companion devices that leverage MRAM’s fast write speeds and low power consumption.