Everspin Tech (NASDAQ:MRAM) Director Geoffrey Ribar Sells 27,488 Shares of Stock

Everspin Tech (NASDAQ:MRAM) Director Geoffrey Ribar sold 27,488 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $28.87, for a total value of $793,578.56. Following the transaction, the director owned 94,063 shares in the company, valued at $2,715,598.81. This represents a 22.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Everspin Tech Stock Performance

MRAM opened at $32.45 on Friday. The firm has a market cap of $760.95 million, a price-to-earnings ratio of 3,248.25 and a beta of 1.75. Everspin Tech has a twelve month low of $5.49 and a twelve month high of $51.50. The firm’s 50-day simple moving average is $16.27 and its 200-day simple moving average is $12.40.

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

Hedge Funds Weigh In On Everspin Tech

Several hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in Everspin Tech during the 2nd quarter worth $25,000. Kestra Advisory Services LLC bought a new stake in shares of Everspin Tech during the 4th quarter valued at about $41,000. State Street Corp boosted its stake in Everspin Tech by 5.7% during the fourth quarter. State Street Corp now owns 85,288 shares of the business services provider’s stock worth $791,000 after acquiring an additional 4,600 shares in the last quarter. Bank of America Corp DE boosted its holdings in Everspin Tech by 28.6% in the second quarter. Bank of America Corp DE now owns 27,150 shares of the business services provider’s stock worth $171,000 after acquiring an additional 6,041 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Everspin Tech by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 221,189 shares of the business services provider’s stock worth $2,054,000 after acquiring an additional 8,618 shares in the last quarter. Institutional investors own 44.68% of the company’s stock.

Wall Street Analyst Weigh In

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

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.