Key Points
- Director Darin Billerbeck sold 30,000 shares of Everspin Tech on May 11 at an average price of $37.16, totaling about $1.11 million. After the sale, he still owned 124,073 shares, a 19.47% decrease in his stake.
- Everspin Tech recently reported first-quarter earnings of $0.11 per share on revenue of $14.87 million, slightly above analyst expectations. The company also guided Q2 2026 EPS to a range of 0.000 to 0.030.
- Analyst sentiment remains mixed: Needham raised its price target to $18.50 and kept a buy rating, while other firms maintained hold or sell views. MarketBeat says the stock currently has a consensus rating of Hold.
Everspin Tech (NASDAQ:MRAM - Get Free Report) Director Darin 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 completion of the sale, the director directly owned 124,073 shares in the company, valued at $4,610,552.68. This represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Everspin Tech Price Performance
MRAM opened at $41.46 on Thursday. The stock has a market capitalization of $972.24 million, a PE ratio of 4,150.15 and a beta of 1.75. The firm's fifty day moving average price is $13.33 and its 200 day moving average price is $11.41. Everspin Tech has a 12-month low of $5.49 and a 12-month high of $51.50.
Everspin Tech (NASDAQ:MRAM - Get Free Report) last issued its earnings results on Wednesday, April 29th. The business services provider reported $0.11 earnings per share for the quarter. The company had revenue of $14.87 million for the quarter, compared to analysts' expectations 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.
Institutional Trading of Everspin Tech
A number of large investors have recently modified their holdings of the company. Sei Investments Co. increased its holdings in shares of Everspin Tech by 25.7% in the 1st quarter. Sei Investments Co. now owns 66,202 shares of the business services provider's stock worth $582,000 after acquiring an additional 13,516 shares during the period. State of Wyoming acquired a new stake in shares of Everspin Tech in the 1st quarter worth about $189,000. Dimensional Fund Advisors LP increased its holdings in shares of Everspin Tech by 13.0% in the 1st 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 during the period. Fortitude Advisory Group L.L.C. acquired a new stake in shares of Everspin Tech in the 1st quarter worth about $99,000. Finally, XTX Topco Ltd acquired a new stake in shares of Everspin Tech in the 4th quarter worth about $322,000. Institutional investors and hedge funds own 44.68% of the company's stock.
Analyst Ratings Changes
A number of brokerages have weighed in on MRAM. 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. Wall Street Zen cut shares of Everspin Tech from a "buy" rating to a "hold" rating in a report on Saturday, February 7th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Everspin Tech in a report on Friday, March 27th. 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.com, the stock presently has a consensus rating of "Hold" and an average target price of $18.50.
Read Our Latest Analysis on MRAM
About Everspin Tech
(
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.
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