Traders Purchase High Volume of Everspin Tech Call Options (NASDAQ:MRAM)

Everspin Tech (NASDAQ:MRAM) was the target of unusually large options trading activity on Monday. Traders acquired 13,375 call options on the company. This is an increase of 205% compared to the typical daily volume of 4,386 call options.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Needham & Company LLC upped their price target 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. Wall Street Zen cut shares of Everspin Tech from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Everspin Tech in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $18.50.

Insider Activity at Everspin Tech

In other news, Director Darin G. Billerbeck sold 30,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $37.16, for a total transaction of $1,114,800.00. Following the transaction, the director directly owned 124,073 shares of the company’s stock, valued at $4,610,552.68. This represents a 19.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO William Earl Cooper sold 11,000 shares of the company’s 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 transaction, the chief financial officer directly owned 161,030 shares in the company, valued at approximately $3,502,402.50. This trade represents a 6.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 139,011 shares of company stock valued at $3,947,342. Company insiders own 6.30% of the company’s stock.

Institutional Trading of Everspin Tech

Several large investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of Everspin Tech in the second quarter valued at approximately $25,000. Kestra Advisory Services LLC acquired a new stake in shares of Everspin Tech during the 4th quarter worth about $41,000. State Street Corp boosted its stake 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 worth $791,000 after purchasing an additional 4,600 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Everspin Tech by 28.6% during the 2nd quarter. Bank of America Corp DE now owns 27,150 shares of the business services provider’s stock worth $171,000 after purchasing an additional 6,041 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Everspin Tech by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 221,189 shares of the business services provider’s stock worth $2,054,000 after purchasing an additional 8,618 shares during the last quarter. 44.68% of the stock is currently owned by institutional investors and hedge funds.

Everspin Tech Trading Down 11.2%

Shares of MRAM stock traded down $4.22 during trading hours on Monday, hitting $33.35. The company’s stock had a trading volume of 5,645,432 shares, compared to its average volume of 1,795,320. The business has a fifty day moving average of $14.47 and a 200-day moving average of $11.81. The stock has a market cap of $782.06 million, a price-to-earnings ratio of 3,338.34 and a beta of 1.75. Everspin Tech has a twelve month low of $5.49 and a twelve month high of $51.50.

Everspin Tech (NASDAQ:MRAM) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.11 EPS for the quarter. The business had revenue of $14.87 million for the quarter, compared to analyst estimates 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.

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.