Everspin Tech (NASDAQ:MRAM) CFO Sells $291,300.00 in Stock

Everspin Tech (NASDAQ:MRAM) CFO William Earl Cooper sold 10,000 shares of Everspin Tech stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $29.13, for a total value of $291,300.00. Following the sale, the chief financial officer directly owned 151,030 shares of the company’s stock, valued at approximately $4,399,503.90. The trade was a 6.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

William Earl Cooper also recently made the following trade(s):

• On Wednesday, May 6th, William Earl Cooper sold 11,000 shares of Everspin Tech stock. The shares were sold at an average price of $21.75, for a total value of $239,250.00.
• On Wednesday, April 1st, William Earl Cooper sold 1,549 shares of Everspin Tech stock. The shares were sold at an average price of $9.20, for a total value of $14,250.80.

Everspin Tech Price Performance

MRAM traded up $3.51 during trading on Thursday, reaching $32.45. 3,545,679 shares of the stock traded hands, compared to its average volume of 1,870,804. The stock has a market cap of $760.95 million, a price-to-earnings ratio of 3,248.25 and a beta of 1.75. Everspin Tech has a fifty-two week low of $5.49 and a fifty-two week high of $51.50. The stock’s 50-day simple moving average is $15.81 and its two-hundred day simple moving average is $12.25.

Everspin Tech (NASDAQ:MRAM) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $0.11 earnings per share (EPS) for the quarter. Everspin Tech had a return on equity of 4.78% and a net margin of 0.50%.The firm 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.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of Everspin Tech during the 2nd quarter valued at about $25,000. Kestra Advisory Services LLC acquired a new position in shares of Everspin Tech during the 4th quarter valued at about $41,000. State Street Corp increased its holdings in shares of Everspin Tech by 5.7% during the 4th quarter. State Street Corp now owns 85,288 shares of the business services provider’s stock valued at $791,000 after acquiring an additional 4,600 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Everspin Tech by 28.6% in the second quarter. Bank of America Corp DE now owns 27,150 shares of the business services provider’s stock worth $171,000 after buying an additional 6,041 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Everspin Tech by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 221,189 shares of the business services provider’s stock worth $2,054,000 after buying an additional 8,618 shares during the last quarter. Institutional investors and hedge funds own 44.68% of the company’s stock.

Analyst Upgrades and Downgrades

MRAM has been the topic of a number of research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Everspin Tech in a report on Friday, March 27th. Wall Street Zen lowered shares of Everspin Tech from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Needham & Company LLC lifted their price objective 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. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $18.50.

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.