Everspin Tech (NASDAQ:MRAM) Sets New 1-Year High – Here’s What Happened

Everspin Tech (NASDAQ:MRAM) shares hit a new 52-week high on Thursday . The company traded as high as $51.50 and last traded at $41.46, with a volume of 15356697 shares changing hands. The stock had previously closed at $44.01.

Analyst Upgrades and Downgrades

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

Everspin Tech Stock Down 5.8%

The company has a market capitalization of $972.24 million, a price-to-earnings ratio of 4,150.15 and a beta of 1.75. The business’s 50-day moving average is $13.33 and its 200-day moving average is $11.41.

Everspin Tech (NASDAQ:MRAM) last posted its earnings results on Wednesday, April 29th. The business services provider reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $14.87 million during the quarter, compared to the consensus estimate 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.

Insider Activity at Everspin Tech

In other Everspin Tech news, Director Darin G. Billerbeck sold 30,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $37.16, for a total value of $1,114,800.00. Following the completion of the transaction, the director owned 124,073 shares in the company, valued at approximately $4,610,552.68. This represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William Earl Cooper sold 11,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $21.75, for a total transaction of $239,250.00. Following the completion of the transaction, the chief financial officer owned 161,030 shares of the company’s stock, valued at approximately $3,502,402.50. This trade represents a 6.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 90,448 shares of company stock worth $2,104,376 over the last three months. Company insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors 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 worth about $25,000. Kestra Advisory Services LLC acquired a new position in shares of Everspin Tech in the fourth quarter worth about $41,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Everspin Tech in the third quarter worth about $82,000. Algert Global LLC acquired a new position in shares of Everspin Tech in the third quarter worth about $102,000. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of Everspin Tech in the second quarter worth about $70,000. Institutional investors and hedge funds own 44.68% of the company’s stock.

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.