Key Points
- Everspin Tech CEO Sanjeev Aggarwal sold 30,885 shares on July 1 at an average price of $22.34, generating about $689,970.90. After the sale, he still owned 839,561 shares, a 3.55% reduction in his stake.
- Aggarwal also sold 28,459 shares in a prior transaction on May 4 for about $557,227.22, indicating continued insider selling activity.
- The company recently reported Q1 EPS of $0.11 on revenue of $14.87 million, slightly above expectations, while analysts remain mixed with a consensus Hold rating and a $18.50 price target.
Everspin Tech (NASDAQ:MRAM - Get Free Report) CFO William Earl Cooper sold 1,549 shares of the company's stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $22.34, for a total transaction of $34,604.66. Following the completion of the sale, the chief financial officer directly owned 149,481 shares of the company's stock, valued at approximately $3,339,405.54. This represents a 1.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
William Earl Cooper also recently made the following trade(s):
- On Wednesday, May 20th, William Earl Cooper sold 10,000 shares of Everspin Tech stock. The shares were sold at an average price of $29.13, for a total transaction of $291,300.00.
- On Wednesday, May 6th, William Earl Cooper sold 11,000 shares of Everspin Tech stock. The stock was sold at an average price of $21.75, for a total value of $239,250.00.
Everspin Tech Price Performance
MRAM opened at $18.36 on Tuesday. The company has a market capitalization of $430.42 million, a price-to-earnings ratio of 1,872.37 and a beta of 1.88. Everspin Tech has a 1-year low of $5.76 and a 1-year high of $51.50. The business has a 50 day moving average price of $26.25 and a two-hundred day moving average price of $16.23.
Everspin Tech (NASDAQ:MRAM - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $14.87 million for the quarter, compared to analysts' expectations of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.
Analysts Set New Price Targets
A number of equities research analysts have 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 company a "buy" rating in a report on Thursday, April 30th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Everspin Tech in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $18.50.
View Our Latest Analysis on MRAM
Hedge Funds Weigh In On Everspin Tech
A number of hedge funds have recently modified their holdings of MRAM. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Everspin Tech during the fourth quarter worth $2,204,000. Bank of America Corp DE boosted its position in shares of Everspin Tech by 783.4% in the 1st quarter. Bank of America Corp DE now owns 219,460 shares of the business services provider's stock valued at $1,929,000 after purchasing an additional 194,617 shares during the period. Jane Street Group LLC boosted its position in shares of Everspin Tech by 265.0% in the 4th quarter. Jane Street Group LLC now owns 183,966 shares of the business services provider's stock valued at $1,707,000 after purchasing an additional 133,560 shares during the period. Marshall Wace LLP purchased a new position in Everspin Tech in the 2nd quarter worth about $716,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Everspin Tech by 426.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 137,687 shares of the business services provider's stock worth $1,282,000 after buying an additional 111,542 shares during the period. 44.68% of the stock is currently owned by institutional investors and hedge funds.
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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