Geoffrey Ribar Sells 27,488 Shares of Everspin Tech (NASDAQ:MRAM) Stock

Everspin Tech (NASDAQ:MRAM) Director Geoffrey Ribar sold 27,488 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $28.87, for a total value of $793,578.56. Following the completion of the transaction, the director directly owned 94,063 shares in the company, valued at approximately $2,715,598.81. This represents a 22.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Everspin Tech Price Performance

NASDAQ:MRAM traded up $3.51 during trading hours on Thursday, reaching $32.45. 3,545,679 shares of the company were exchanged, compared to its average volume of 1,870,804. The company has a market capitalization of $760.95 million, a P/E ratio of 3,248.25 and a beta of 1.75. Everspin Tech has a 1-year low of $5.49 and a 1-year high of $51.50. The business has a 50 day moving average of $15.81 and a 200 day moving average of $12.25.

Everspin Tech (NASDAQ:MRAM) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.11 EPS for the quarter. The business had revenue of $14.87 million during the quarter, compared to the consensus estimate of $14.60 million. Everspin Tech had a return on equity of 4.78% and a net margin of 0.50%.Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Everspin Tech in a research note on Friday, March 27th. Wall Street Zen lowered Everspin Tech from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Needham & Company LLC upped their price target on shares of Everspin Tech from $14.00 to $18.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Everspin Tech presently has an average rating of “Hold” and an average price target of $18.50.

Institutional Trading of Everspin Tech

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Everspin Tech during the 2nd quarter valued at approximately $25,000. Kestra Advisory Services LLC acquired a new position in Everspin Tech in the fourth quarter valued at $41,000. State Street Corp lifted its holdings in Everspin Tech by 5.7% in the fourth quarter. State Street Corp now owns 85,288 shares of the business services provider’s stock valued at $791,000 after buying an additional 4,600 shares during the period. Bank of America Corp DE lifted its holdings in Everspin Tech by 28.6% in the second quarter. Bank of America Corp DE now owns 27,150 shares of the business services provider’s stock valued at $171,000 after buying an additional 6,041 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Everspin Tech by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 221,189 shares of the business services provider’s stock valued at $2,054,000 after buying an additional 8,618 shares during the period. Institutional investors and hedge funds own 44.68% of the company’s stock.

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.