Everspin Tech (NASDAQ:MRAM) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Everspin Tech (NASDAQ:MRAM) announced its quarterly earnings results on Wednesday. The business services provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01, reports. The company had revenue of $14.06 million for the quarter, compared to analysts’ expectations of $14.00 million. Everspin Tech had a negative net margin of 1.06% and a negative return on equity of 0.90%. Everspin Tech updated its Q4 2025 guidance to 0.080-0.130 EPS.

Everspin Tech Trading Down 17.2%

NASDAQ:MRAM opened at $8.72 on Friday. The company has a market cap of $197.25 million, a PE ratio of -290.67 and a beta of 0.47. The company has a 50 day simple moving average of $9.17 and a two-hundred day simple moving average of $7.18. Everspin Tech has a 12 month low of $4.34 and a 12 month high of $12.27.

Insider Activity

In related news, CEO Sanjeev Aggarwal sold 17,147 shares of Everspin Tech stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $10.15, for a total value of $174,042.05. Following the completion of the sale, the chief executive officer owned 574,757 shares of the company’s stock, valued at $5,833,783.55. The trade was a 2.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Everspin Tech

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in shares of Everspin Tech during the 2nd quarter valued at $25,000. Bank of America Corp DE grew its holdings in 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 valued at $171,000 after buying an additional 6,041 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new stake in Everspin Tech during the second quarter valued at $70,000. Rhumbline Advisers increased its holdings in shares of Everspin Tech by 55.1% in the 1st quarter. Rhumbline Advisers now owns 36,835 shares of the business services provider’s stock worth $188,000 after buying an additional 13,086 shares during the last quarter. Finally, Jump Financial LLC bought a new position in Everspin Tech in the 2nd quarter worth about $159,000. Hedge funds and other institutional investors own 44.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MRAM shares. Wall Street Zen upgraded shares of Everspin Tech from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Everspin Tech in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

About Everspin Tech

Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.