William Earl Cooper Sells 1,549 Shares of Everspin Tech (NASDAQ:MRAM) Stock

Everspin Tech (NASDAQ:MRAM) CFO William Earl Cooper sold 1,549 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $22.34, for a total transaction of $34,604.66. Following the transaction, the chief financial officer owned 149,481 shares in the company, valued at $3,339,405.54. The trade was a 1.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, May 20th, William Earl Cooper sold 10,000 shares of Everspin Tech stock. The stock was sold at an average price of $29.13, for a total value of $291,300.00.
• On Wednesday, May 6th, William Earl Cooper sold 11,000 shares of Everspin Tech stock. The shares were sold at an average price of $21.75, for a total value of $239,250.00.

Everspin Tech Trading Up 2.5%

Shares of MRAM traded up $0.48 during trading hours on Monday, hitting $19.62. 933,160 shares of the stock traded hands, compared to its average volume of 2,103,095. Everspin Tech has a 1-year low of $5.76 and a 1-year high of $51.50. The firm has a market capitalization of $460.09 million, a PE ratio of 1,963.96 and a beta of 1.88. The business has a fifty day moving average of $26.11 and a 200-day moving average of $16.16.

Everspin Tech (NASDAQ:MRAM) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $0.11 earnings per share (EPS) for the quarter. Everspin Tech had a net margin of 0.50% and a return on equity of 4.78%. The firm 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.

Institutional Trading of Everspin Tech

Several institutional investors have recently added to or reduced their stakes in the company. 683 Capital Management LLC bought a new stake in shares of Everspin Tech in the fourth quarter valued at about $1,020,000. Nano Cap New Millennium Growth Fund L P bought a new position in Everspin Tech during the fourth quarter worth about $2,204,000. Ritholtz Wealth Management acquired a new stake in Everspin Tech in the 4th quarter worth about $286,000. Green Alpha Advisors LLC acquired a new stake in Everspin Tech in the 4th quarter worth about $427,000. Finally, Kestra Advisory Services LLC bought a new stake in Everspin Tech in the 4th quarter valued at about $41,000. 44.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MRAM has been the topic of several analyst reports. Needham & Company LLC upped their price target 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. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Everspin Tech in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Everspin Tech currently has an average rating of “Hold” and an average price target 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.