Everspin Tech Target of Unusually Large Options Trading (NASDAQ:MRAM)

Everspin Tech (NASDAQ:MRAM) was the target of some unusual options trading activity on Thursday. Stock traders bought 6,049 call options on the stock. This is an increase of 346% compared to the average daily volume of 1,357 call options.

Everspin Tech Price Performance

NASDAQ:MRAM traded up $5.03 during midday trading on Thursday, reaching $18.22. The stock had a trading volume of 12,416,716 shares, compared to its average volume of 826,551. Everspin Tech has a 1-year low of $5.34 and a 1-year high of $19.71. The firm’s fifty day simple moving average is $10.45 and its 200-day simple moving average is $10.38. The stock has a market capitalization of $424.23 million, a P/E ratio of -605.53 and a beta of 0.94.

Everspin Tech (NASDAQ:MRAM) last posted its earnings results on Wednesday, April 29th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Everspin Tech had a negative net margin of 1.06% and a negative return on equity of 0.90%. The business had revenue of $14.87 million for the quarter, compared to analyst estimates of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Analyst Ratings Changes

MRAM has been the subject of several research analyst reports. 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. Wall Street Zen downgraded shares of Everspin Tech from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Everspin Tech in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.50.

Everspin Tech News Summary

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

• Positive Sentiment: Won a $40 million U.S. defense/mil‑aero agreement to supply Toggle MRAM process technology and engineering services — a multi‑year program that adds a large, defense‑sector revenue stream and validates Everspin’s position in military microelectronics. Everspin Executes $40M Agreement for Mil-Aero MRAM Applications
• Positive Sentiment: Reported Q1 results that beat estimates: EPS $0.11 vs. $0.09 est., and revenue $14.87M vs. $14.60M est. — the beat supports the near‑term growth story across industrial, transportation and data center end markets. Everspin Reports Unaudited First Quarter 2026 Financial Results
• Positive Sentiment: Unusually large call‑option flow: about 6,049 calls traded (≈346% above average), indicating speculative or institutional bullish positioning that can amplify short‑term upside and volume. (internal trading alert)
• Positive Sentiment: Analyst momentum: Needham raised its price target to $18.50 and maintained a Buy rating — adds third‑party validation and may attract momentum buyers. Benzinga
• Neutral Sentiment: Revenue guidance for Q2 was raised to $15.5–$16.5M (above consensus ~$14.7M), which supports growth expectations but depends on execution. Q1 Press Release / Guidance
• Negative Sentiment: EPS guidance for Q2 was cut materially to $0.000–$0.030 vs. consensus ~$0.07 — a clear near‑term margin risk that could weigh on sentiment if investors focus on profitability rather than top‑line or contract wins. Q1 Press Release / Guidance
• Negative Sentiment: Company remains modestly unprofitable on GAAP margins and ROE (negative net margin and negative ROE), so any slowdown or execution miss could quickly reverse gains. Earnings Call Transcript

Insider Buying and Selling

In related news, CEO Sanjeev Aggarwal sold 19,440 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $9.20, for a total transaction of $178,848.00. Following the completion of the sale, the chief executive officer directly owned 847,881 shares of the company’s stock, valued at $7,800,505.20. This represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Everspin Tech

A number of hedge funds have recently bought and sold shares of MRAM. Nano Cap New Millennium Growth Fund L P bought a new stake in Everspin Tech in the 4th quarter valued at $2,204,000. Jane Street Group LLC boosted its holdings in Everspin Tech by 265.0% in the 4th quarter. Jane Street Group LLC now owns 183,966 shares of the business services provider’s stock valued at $1,707,000 after purchasing an additional 133,560 shares during the period. Herald Investment Management Ltd boosted its holdings in Everspin Tech by 18.5% in the 3rd quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider’s stock valued at $7,416,000 after purchasing an additional 125,000 shares during the period. Marshall Wace LLP bought a new stake in Everspin Tech in the 2nd quarter valued at $716,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings 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 purchasing an additional 111,542 shares during the period. 44.68% of the stock is owned by institutional investors.

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.