Everspin Tech (NASDAQ:MRAM) Sees Unusually-High Trading Volume – Here’s What Happened

Everspin Tech (NASDAQ:MRAM) saw strong trading volume on Wednesday . 4,486,911 shares changed hands during mid-day trading, an increase of 196% from the previous session’s volume of 1,515,490 shares.The stock last traded at $44.4990 and had previously closed at $44.01.

Analysts Set New Price Targets

Several research firms recently weighed in on MRAM. Needham & Company LLC increased their target price on Everspin Tech from $14.00 to $18.50 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Wall Street Zen downgraded Everspin Tech from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a research report 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. Based on data from MarketBeat.com, Everspin Tech presently has an average rating of “Hold” and an average target price of $18.50.

Everspin Tech Price Performance

The company has a 50-day moving average of $13.93 and a two-hundred day moving average of $11.62. The stock has a market capitalization of $952.77 million, a PE ratio of 4,067.07 and a beta of 1.75.

Everspin Tech (NASDAQ:MRAM) last released its earnings results on Wednesday, April 29th. The business services provider reported $0.11 earnings per share for the quarter. Everspin Tech had a return on equity of 4.78% and a net margin of 0.50%.The firm had revenue of $14.87 million for the quarter, compared to the consensus estimate of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Insiders Place Their Bets

In other Everspin Tech news, CEO Sanjeev Aggarwal sold 28,459 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $19.58, for a total transaction of $557,227.22. Following the completion of the sale, the chief executive officer directly owned 819,422 shares in the company, valued at $16,044,282.76. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 dated Wednesday, May 6th. The stock was sold at an average price of $21.75, for a total value of $239,250.00. Following the sale, the chief financial officer owned 161,030 shares of the company’s stock, valued at $3,502,402.50. This represents a 6.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 90,448 shares of company stock worth $2,104,376 over the last three months. 6.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Everspin Tech

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Everspin Tech during the second quarter worth about $25,000. Kestra Advisory Services LLC acquired a new stake in Everspin Tech during the fourth quarter worth about $41,000. Occudo Quantitative Strategies LP acquired a new stake in Everspin Tech during the second quarter worth about $70,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Everspin Tech during the third quarter worth about $82,000. Finally, Fortitude Advisory Group L.L.C. acquired a new stake in Everspin Tech during the first quarter worth about $99,000. 44.68% of the stock is currently owned by institutional investors and hedge funds.

Everspin Tech Company Profile

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.