Everspin Tech (NASDAQ:MRAM) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Everspin Tech (NASDAQ:MRAM) issued its quarterly earnings results on Wednesday. The business services provider reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01, reports. The company had revenue of $14.06 million for the quarter, compared to analysts’ expectations of $14.00 million. Everspin Tech had a return on equity of 2.65% and a net margin of 3.19%. Everspin Tech updated its Q4 2025 guidance to 0.080-0.130 EPS.

Everspin Tech Stock Performance

Shares of NASDAQ:MRAM traded down $1.81 during midday trading on Thursday, reaching $8.72. 564,509 shares of the company’s stock traded hands, compared to its average volume of 150,112. The company has a market cap of $197.25 million, a price-to-earnings ratio of 124.57 and a beta of 0.47. Everspin Tech has a one year low of $4.34 and a one year high of $12.27. The stock has a 50 day moving average of $9.13 and a 200 day moving average of $7.17.

Insider Activity

In other news, CEO Sanjeev Aggarwal sold 17,147 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $10.15, for a total transaction of $174,042.05. Following the transaction, the chief executive officer directly owned 574,757 shares of the company’s stock, valued at $5,833,783.55. This represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace LLP purchased a new stake in Everspin Tech during the second quarter valued at $716,000. Qube Research & Technologies Ltd increased its position in Everspin Tech by 41.4% during the second quarter. Qube Research & Technologies Ltd now owns 103,300 shares of the business services provider’s stock valued at $650,000 after acquiring an additional 30,244 shares during the last quarter. Jane Street Group LLC purchased a new stake in Everspin Tech during the second quarter valued at $363,000. Rhumbline Advisers increased its position in Everspin Tech by 55.1% during the first quarter. Rhumbline Advisers now owns 36,835 shares of the business services provider’s stock valued at $188,000 after acquiring an additional 13,086 shares during the last quarter. Finally, Brevan Howard Capital Management LP purchased a new stake in Everspin Tech during the second quarter valued at $227,000. 44.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MRAM. Wall Street Zen raised Everspin Tech from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Everspin Tech in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Everspin Tech currently has an average rating of “Moderate Buy”.

Everspin Tech Company Profile

Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.