Everspin Tech (NASDAQ:MRAM) Director Darin Billerbeck Sells 30,000 Shares of Stock

Everspin Tech (NASDAQ:MRAM) Director Darin Billerbeck sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $37.16, for a total transaction of $1,114,800.00. Following the sale, the director owned 124,073 shares of the company’s stock, valued at approximately $4,610,552.68. This represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Everspin Tech Trading Down 5.8%

Shares of MRAM stock opened at $41.46 on Thursday. The company has a market capitalization of $972.24 million, a PE ratio of 4,150.15 and a beta of 1.75. The firm has a fifty day simple moving average of $13.33 and a 200-day simple moving average of $11.41. Everspin Tech has a twelve month low of $5.49 and a twelve month high of $51.50.

Everspin Tech (NASDAQ:MRAM) last announced its earnings results on Wednesday, April 29th. The business services provider reported $0.11 earnings per share for the quarter. The business 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.

Analysts Set New Price Targets

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

Institutional Trading of Everspin Tech

Several institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. raised its holdings in Everspin Tech by 25.7% in the first quarter. Sei Investments Co. now owns 66,202 shares of the business services provider’s stock valued at $582,000 after acquiring an additional 13,516 shares in the last quarter. State of Wyoming acquired a new stake in Everspin Tech in the first quarter valued at $189,000. Dimensional Fund Advisors LP raised its holdings in Everspin Tech by 13.0% in the first quarter. Dimensional Fund Advisors LP now owns 409,010 shares of the business services provider’s stock valued at $3,594,000 after acquiring an additional 46,929 shares in the last quarter. Fortitude Advisory Group L.L.C. acquired a new stake in Everspin Tech in the first quarter valued at $99,000. Finally, XTX Topco Ltd acquired a new stake in Everspin Tech in the fourth quarter valued at $322,000. 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.