Traders Buy High Volume of Call Options on Everspin Tech (NASDAQ:MRAM)

Everspin Tech (NASDAQ:MRAM) was the recipient of unusually large options trading on Thursday. Investors acquired 6,049 call options on the company. This is an increase of approximately 346% compared to the average volume of 1,357 call options.

Analyst Ratings Changes

A number of research firms recently commented on MRAM. 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 report on Thursday. Weiss Ratings restated a “sell (d+)” rating on shares of Everspin Tech in a report on Friday, March 27th. Finally, Wall Street Zen cut Everspin Tech from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.50.

Everspin Tech News Roundup

Here are the key news stories impacting Everspin Tech this week:

• Positive Sentiment: $40M U.S. defense subcontract — Everspin signed a ~2.5‑year agreement with a U.S. prime contractor to supply Toggle MRAM process technology and engineering services for defense/mil‑aero customers, which adds multi‑year revenue visibility and backlog. Read More.
• Positive Sentiment: Q1 results slightly beat expectations — reported EPS $0.11 and revenue $14.87M vs. consensus ~$14.6M, with management citing strength in Industrial Automation, Transportation and Data Center end markets. Beats helped justify upside despite mixed guidance. Read More.
• Positive Sentiment: Analyst upgrade / price target increase — Needham raised its price target to $18.50 and kept a Buy rating, lending independent validation to the stock’s rally and reinforcing buy-side enthusiasm. Read More.
• Positive Sentiment: Unusual bullish options flow — traders bought ~6,049 call contracts (≈346% above typical volume), signaling speculative/hedged bullish positioning that can amplify intraday moves. (Options volume report)
• Neutral Sentiment: Q2 revenue guide raised but mixed overall — company guided Q2 revenue to $15.5M–$16.5M (above consensus), which supports growth expectations, though the mix with EPS guidance tempers the impact. Read More.
• Neutral Sentiment: Earnings call: MRAM demand growth but rising costs — management highlighted ongoing MRAM adoption across end markets but warned of increasing costs, a dynamic that supports revenue growth while pressuring near‑term margins. Read More.
• Negative Sentiment: Conservative Q2 EPS guidance — the company set Q2 EPS at $0.00–$0.03 versus consensus ~$0.07, leaving room for upside disappointment on profitability and tempering some investor enthusiasm despite the revenue guide. Read More.

Everspin Tech Stock Performance

MRAM stock opened at $18.28 on Friday. The stock’s 50 day moving average price is $10.59 and its 200 day moving average price is $10.43. The firm has a market cap of $425.81 million, a P/E ratio of 1,829.83 and a beta of 0.94. Everspin Tech has a 1 year low of $5.34 and a 1 year high of $19.71.

Everspin Tech (NASDAQ:MRAM) last released its quarterly earnings results 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 4.85% and a net margin of 0.50%.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.

Insider Transactions at Everspin Tech

In other Everspin Tech news, CEO Sanjeev Aggarwal sold 19,440 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $9.20, for a total value of $178,848.00. Following the completion of the sale, the chief executive officer owned 847,881 shares of the company’s stock, valued at approximately $7,800,505.20. This trade represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Everspin Tech

Several hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Everspin Tech in the second quarter valued at approximately $25,000. Kestra Advisory Services LLC purchased a new stake in Everspin Tech in the 4th quarter worth approximately $41,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Everspin Tech in the 3rd quarter worth approximately $82,000. Algert Global LLC acquired a new position in Everspin Tech in the 3rd quarter valued at $102,000. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Everspin Tech during the 2nd quarter worth $70,000. 44.68% of the stock is owned by institutional investors and hedge funds.

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.