Everspin Tech (NASDAQ:MRAM) Reaches New 12-Month High – Here’s Why

Everspin Tech (NASDAQ:MRAM)’s stock price reached a new 52-week high on Friday . The company traded as high as $23.10 and last traded at $22.5940, with a volume of 437128 shares. The stock had previously closed at $21.51.

Wall Street Analyst Weigh In

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

Everspin Tech Trading Up 17.6%

The stock’s fifty day moving average price is $11.18 and its two-hundred day moving average price is $10.63. The firm has a market capitalization of $593.31 million, a price-to-earnings ratio of 2,532.63 and a beta of 1.75.

Everspin Tech (NASDAQ:MRAM) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $0.11 earnings per share for the quarter. Everspin Tech had a net margin of 0.50% and a return on equity of 4.78%. The business had revenue of $14.87 million for the quarter, compared to analyst estimates of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Insiders Place Their Bets

In related news, CEO Sanjeev Aggarwal sold 28,459 shares of Everspin Tech stock in a transaction on Monday, May 4th. The shares were sold at an average price of $19.58, for a total transaction of $557,227.22. Following the sale, the chief executive officer directly owned 819,422 shares in the company, valued at $16,044,282.76. This trade represents a 3.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William Earl Cooper sold 11,000 shares of Everspin Tech stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $21.75, for a total transaction of $239,250.00. Following the sale, the chief financial officer owned 161,030 shares in the company, valued at $3,502,402.50. This represents a 6.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 60,448 shares of company stock worth $989,576 over the last 90 days. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Everspin Tech

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in Everspin Tech during the 2nd quarter worth $25,000. Kestra Advisory Services LLC acquired a new stake in Everspin Tech during the 4th quarter worth $41,000. Occudo Quantitative Strategies LP acquired a new stake in Everspin Tech during the 2nd quarter worth $70,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Everspin Tech during the 3rd quarter worth $82,000. Finally, Fortitude Advisory Group L.L.C. acquired a new stake in Everspin Tech during the 1st quarter worth $99,000. 44.68% of the stock is currently owned by institutional investors and hedge funds.

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.