Everspin Tech (NASDAQ:MRAM) CFO Sells 1,549 Shares

Everspin Tech (NASDAQ:MRAM) CFO William Earl Cooper sold 1,549 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $22.34, for a total value of $34,604.66. Following the sale, the chief financial officer directly owned 149,481 shares in the company, valued at $3,339,405.54. This represents a 1.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

William Earl Cooper also recently made the following trade(s):

• On Wednesday, May 20th, William Earl Cooper sold 10,000 shares of Everspin Tech stock. The stock was sold at an average price of $29.13, for a total value of $291,300.00.
• On Wednesday, May 6th, William Earl Cooper sold 11,000 shares of Everspin Tech stock. The shares were sold at an average price of $21.75, for a total value of $239,250.00.

Everspin Tech Stock Up 2.5%

Shares of NASDAQ:MRAM traded up $0.48 during trading on Monday, reaching $19.62. 933,160 shares of the company traded hands, compared to its average volume of 2,103,095. The firm has a market capitalization of $460.09 million, a PE ratio of 1,963.96 and a beta of 1.88. Everspin Tech has a 52 week low of $5.76 and a 52 week high of $51.50. The company’s 50 day moving average is $26.11 and its two-hundred day moving average is $16.16.

Everspin Tech (NASDAQ:MRAM) last issued its quarterly 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 for the quarter, compared to analysts’ expectations 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Everspin Tech in the 4th quarter worth approximately $2,204,000. Bank of America Corp DE increased its position in Everspin Tech by 783.4% in the 1st quarter. Bank of America Corp DE now owns 219,460 shares of the business services provider’s stock valued at $1,929,000 after buying an additional 194,617 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Everspin Tech by 265.0% during the fourth quarter. Jane Street Group LLC now owns 183,966 shares of the business services provider’s stock valued at $1,707,000 after acquiring an additional 133,560 shares in the last quarter. Marshall Wace LLP acquired a new position in Everspin Tech during the second quarter worth $716,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in Everspin Tech by 426.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 137,687 shares of the business services provider’s stock valued at $1,282,000 after acquiring an additional 111,542 shares in the last quarter. 44.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MRAM has been the subject of a number of recent analyst reports. Needham & Company LLC upped their price target on shares of Everspin Tech from $14.00 to $18.50 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings restated a “sell (d+)” rating on shares of Everspin Tech in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.50.

About Everspin Tech

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.