Everspin Tech (NASDAQ:MRAM) Shares Down 7.6% – What’s Next?

Everspin Tech (NASDAQ:MRAM) dropped 7.6% during trading on Monday . The company traded as low as $25.01 and last traded at $25.0580. 1,321,526 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 2,107,662 shares. The stock had previously closed at $27.11.

Analyst Ratings Changes

MRAM has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a report on Friday, March 27th. Needham & Company LLC upped their target price on shares of Everspin Tech from $14.00 to $18.50 and gave the stock a “buy” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.50.

Everspin Tech Trading Down 5.2%

The business has a 50-day moving average price of $24.05 and a 200-day moving average price of $15.24. The firm has a market cap of $602.73 million, a P/E ratio of 2,571.77 and a beta of 1.87.

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

Insiders Place Their Bets

In related news, CFO William Earl Cooper sold 10,000 shares of Everspin Tech stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $29.13, for a total transaction of $291,300.00. Following the transaction, the chief financial officer directly owned 151,030 shares of the company’s stock, 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 filing with the SEC, which is available through this link. Also, Director Darin G. Billerbeck sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $37.16, for a total transaction of $1,114,800.00. Following the completion of the transaction, the director directly owned 124,073 shares of the company’s stock, valued at $4,610,552.68. This trade represents a 19.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 176,499 shares of company stock worth $5,032,220. 6.30% of the stock is owned by corporate insiders.

Institutional Trading of Everspin Tech

Several hedge funds and other institutional investors have recently bought and sold shares of MRAM. Dimensional Fund Advisors LP increased its holdings in shares of Everspin Tech by 13.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 409,010 shares of the business services provider’s stock valued at $3,594,000 after acquiring an additional 46,929 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Everspin Tech by 27.9% during the 1st quarter. Renaissance Technologies LLC now owns 334,367 shares of the business services provider’s stock worth $2,939,000 after purchasing an additional 73,000 shares during the last quarter. Nano Cap New Millennium Growth Fund L P bought a new stake in Everspin Tech during the fourth quarter valued at about $2,204,000. Geode Capital Management LLC boosted its position in Everspin Tech by 4.1% during 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 purchasing an additional 8,618 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Everspin Tech by 783.4% in the first quarter. Bank of America Corp DE now owns 219,460 shares of the business services provider’s stock valued at $1,929,000 after purchasing an additional 194,617 shares during the last quarter. Institutional investors own 44.68% of the company’s stock.

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.