William Earl Cooper Sells 10,000 Shares of Everspin Tech (NASDAQ:MRAM) Stock

Everspin Tech (NASDAQ:MRAM) CFO William Earl Cooper sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $29.13, for a total value of $291,300.00. Following the sale, the chief financial officer directly owned 151,030 shares in the company, valued at $4,399,503.90. This trade represents a 6.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, May 6th, William Earl Cooper sold 11,000 shares of Everspin Tech stock. The stock was sold at an average price of $21.75, for a total value of $239,250.00.
• On Wednesday, April 1st, William Earl Cooper sold 1,549 shares of Everspin Tech stock. The stock was sold at an average price of $9.20, for a total value of $14,250.80.

Everspin Tech Trading Up 12.1%

Shares of MRAM traded up $3.51 during midday trading on Thursday, hitting $32.45. The stock had a trading volume of 3,545,679 shares, compared to its average volume of 1,870,804. Everspin Tech has a fifty-two week low of $5.49 and a fifty-two week high of $51.50. The business has a 50-day simple moving average of $15.81 and a two-hundred day simple moving average of $12.25. The firm has a market cap of $760.95 million, a P/E ratio of 3,248.25 and a beta of 1.75.

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

Wall Street Analyst Weigh In

MRAM has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Everspin Tech from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Needham & Company LLC boosted their target price on shares of Everspin Tech from $14.00 to $18.50 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Everspin Tech in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Everspin Tech currently has a consensus rating of “Hold” and a consensus price target of $18.50.

Institutional Investors Weigh In On Everspin Tech

A number of institutional investors have recently bought and sold shares of MRAM. Nano Cap New Millennium Growth Fund L P acquired a new stake in Everspin Tech during the 4th quarter worth about $2,204,000. Bank of America Corp DE increased its stake 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 during the period. Jane Street Group LLC increased its stake 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 buying an additional 133,560 shares during the period. Herald Investment Management Ltd increased its stake 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 buying an additional 125,000 shares during the period. Finally, Marshall Wace LLP acquired a new position in Everspin Tech in the 2nd quarter valued at approximately $716,000. 44.68% of the stock is currently owned by institutional investors and hedge funds.

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.