Key Points
- CFO William Earl Cooper sold 11,000 shares on May 6 at an average of $21.75 for $239,250, reducing his stake to 161,030 shares (a 6.39% drop in ownership).
- Everspin reported $0.11 EPS and $14.87M in quarterly revenue (slightly above estimates) and set Q2 2026 guidance at 0.000–0.030 EPS, while the stock trades near a 12‑month high (~$21.5) after a large recent run-up (50‑/200‑day SMAs ~$11.18/$10.63).
- Analysts are mixed with a consensus "Hold" rating and an average price target of $18.50, and institutional investors own about 44.7% of the shares with several funds recently adjusting stakes.
Everspin Tech (NASDAQ:MRAM - Get Free Report) CFO William Earl Cooper sold 11,000 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $21.75, for a total value of $239,250.00. Following the completion of the transaction, the chief financial officer owned 161,030 shares of the company's stock, valued at $3,502,402.50. The trade was a 6.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
William Earl Cooper also recently made the following trade(s):
- On Wednesday, April 1st, William Earl Cooper sold 1,549 shares of Everspin Tech stock. The stock was sold at an average price of $9.20, for a total value of $14,250.80.
Everspin Tech Stock Down 0.2%
Shares of MRAM opened at $21.51 on Friday. The stock has a market cap of $504.41 million, a PE ratio of 2,153.15 and a beta of 1.75. Everspin Tech has a 12-month low of $5.49 and a 12-month high of $22.69. The business has a 50-day simple moving average of $11.18 and a two-hundred day simple moving average of $10.63.
Everspin Tech (NASDAQ:MRAM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.11 EPS for the quarter. The firm had revenue of $14.87 million for the quarter, compared to analyst estimates of $14.60 million. Everspin Tech had a return on equity of 4.78% and a net margin of 0.50%.Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.
Institutional Investors Weigh In On Everspin Tech
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Herald Investment Management Ltd grew its stake in shares of Everspin Tech by 18.5% in the 3rd quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider's stock valued at $7,416,000 after buying an additional 125,000 shares during the period. GSA Capital Partners LLP acquired a new position in Everspin Tech during the 3rd quarter worth approximately $433,000. Thompson Davis & CO. Inc. acquired a new position in Everspin Tech during the 3rd quarter worth approximately $131,000. Dimensional Fund Advisors LP boosted its holdings in Everspin Tech by 13.0% in the first quarter. Dimensional Fund Advisors LP now owns 409,010 shares of the business services provider's stock worth $3,594,000 after acquiring an additional 46,929 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. bought a new position in Everspin Tech in the first quarter worth approximately $99,000. 44.68% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on MRAM. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Everspin Tech in a research note on Friday, March 27th. Needham & Company LLC boosted their price objective 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. Finally, Wall Street Zen lowered Everspin Tech from a "buy" rating to a "hold" rating in a research report on Saturday, February 7th. One investment 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.com, the stock presently has a consensus rating of "Hold" and an average price target of $18.50.
Read Our Latest Stock Analysis on MRAM
Everspin Tech Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
