Everspin Tech (NASDAQ:MRAM) Sees Large Volume Increase – Time to Buy?

Everspin Tech (NASDAQ:MRAM) shares saw strong trading volume on Tuesday . 1,932,882 shares traded hands during trading, an increase of 1% from the previous session’s volume of 1,911,606 shares.The stock last traded at $32.42 and had previously closed at $33.68.

Analysts Set New Price Targets

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

Everspin Tech Trading Up 4.3%

The company has a market cap of $732.98 million, a price-to-earnings ratio of 3,129.13 and a beta of 1.75. The firm has a 50-day moving average price of $18.15 and a 200 day moving average price of $13.04.

Everspin Tech (NASDAQ:MRAM) last issued its earnings results on Wednesday, April 29th. The business services provider reported $0.11 EPS for the quarter. The company had revenue of $14.87 million during the quarter, compared to analyst estimates 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.

Insider Buying and Selling

In other news, Director Geoffrey G. Ribar sold 27,488 shares of Everspin Tech stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $28.87, for a total value of $793,578.56. Following the completion of the transaction, the director owned 94,063 shares in the company, valued at approximately $2,715,598.81. This trade represents a 22.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William Earl Cooper sold 11,000 shares of Everspin Tech stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $21.75, for a total value of $239,250.00. Following the completion of the transaction, the chief financial officer owned 161,030 shares of the company’s stock, valued at approximately $3,502,402.50. The trade was a 6.39% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 176,499 shares of company stock worth $5,032,220. 6.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Everspin Tech in the 2nd quarter worth approximately $25,000. Kestra Advisory Services LLC bought a new stake in Everspin Tech during the 4th quarter valued at $41,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Everspin Tech in the 3rd quarter worth $82,000. Algert Global LLC bought a new stake in shares of Everspin Tech in the 3rd quarter worth $102,000. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of Everspin Tech in the 2nd quarter worth $70,000. 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.