William Earl Cooper Sells 6,807 Shares of Everspin Tech (NASDAQ:MRAM) Stock

Everspin Tech (NASDAQ:MRAM) CFO William Earl Cooper sold 6,807 shares of Everspin Tech stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $12.06, for a total transaction of $82,092.42. Following the completion of the sale, the chief financial officer directly owned 93,193 shares in the company, valued at $1,123,907.58. This represents a 6.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Everspin Tech Stock Performance

NASDAQ:MRAM opened at $12.02 on Friday. The stock has a market capitalization of $274.78 million, a PE ratio of -400.67 and a beta of 0.80. Everspin Tech has a fifty-two week low of $4.34 and a fifty-two week high of $13.00. The company has a fifty day moving average of $9.13 and a two-hundred day moving average of $8.22.

Everspin Tech (NASDAQ:MRAM) last announced its earnings results on Wednesday, November 5th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Everspin Tech had a negative net margin of 1.06% and a negative return on equity of 0.89%. The business had revenue of $14.06 million for the quarter, compared to analyst estimates of $14.00 million. Everspin Tech has set its Q4 2025 guidance at 0.080-0.130 EPS.

Institutional Trading of Everspin Tech

Several large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in shares of Everspin Tech in the 2nd quarter worth $25,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Everspin Tech during the third quarter worth about $82,000. Silverberg Bernstein Capital Management LLC acquired a new stake in Everspin Tech during the second quarter worth about $68,000. Algert Global LLC purchased a new position in Everspin Tech during the third quarter worth about $102,000. Finally, Occudo Quantitative Strategies LP acquired a new position in Everspin Tech in the 2nd quarter valued at about $70,000. 44.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded Everspin Tech from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Everspin Tech in a research note on Monday, December 29th. Finally, Needham & Company LLC increased their target price on shares of Everspin Tech from $8.00 to $10.50 and gave the company a “buy” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Everspin Tech presently has an average rating of “Hold” and a consensus price target of $10.50.

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.