Everspin Tech (NASDAQ:MRAM) Issues Q3 2026 Earnings Guidance

Everspin Tech (NASDAQ:MRAM) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.100-0.150 for the period, compared to the consensus EPS estimate of 0.100. The company issued revenue guidance of $19.5 million-$20.5 million, compared to the consensus revenue estimate of $18.4 million.

Everspin Tech Stock Down 7.3%

MRAM traded down $1.28 during trading hours on Wednesday, reaching $16.14. 2,635,636 shares of the company’s stock traded hands, compared to its average volume of 1,975,231. The firm has a 50-day moving average price of $21.10 and a 200 day moving average price of $17.08. The firm has a market capitalization of $378.48 million, a PE ratio of 1,615.62 and a beta of 1.94. Everspin Tech has a 52-week low of $5.76 and a 52-week high of $51.50.

Analysts Set New Price Targets

MRAM has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of Everspin Tech from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. Needham & Company LLC lifted their target price on shares of Everspin Tech from $14.00 to $18.50 and gave the stock a “buy” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.50.

Insider Activity

In other news, CFO William Earl Cooper sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $29.13, for a total transaction of $291,300.00. Following the completion of the sale, the chief financial officer owned 151,030 shares in the company, valued at $4,399,503.90. This trade represents a 6.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Glen Hawk sold 48,563 shares of Everspin Tech stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $37.95, for a total transaction of $1,842,965.85. Following the sale, the director directly owned 39,551 shares in the company, valued at approximately $1,500,960.45. The trade was a 55.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 148,843 shares of company stock valued at $4,775,218 in the last 90 days. 6.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Everspin Tech

A number of hedge funds have recently modified their holdings of the business. XTX Topco Ltd purchased a new stake in shares of Everspin Tech in the 4th quarter valued at approximately $322,000. Occudo Quantitative Strategies LP boosted its position in shares of Everspin Tech by 130.0% during the 4th quarter. Occudo Quantitative Strategies LP now owns 24,053 shares of the business services provider’s stock worth $223,000 after purchasing an additional 13,594 shares during the period. Balyasny Asset Management L.P. acquired a new stake in Everspin Tech in the 4th quarter valued at approximately $155,000. Trexquant Investment LP acquired a new stake in Everspin Tech in the 4th quarter valued at approximately $156,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Everspin Tech in the fourth quarter valued at approximately $405,000. 44.68% of the stock is currently owned by hedge funds and other institutional investors.

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.