Everspin Tech Target of Unusually High Options Trading (NASDAQ:MRAM)

Everspin Tech (NASDAQ:MRAM) was the recipient of some unusual options trading activity on Monday. Stock traders bought 13,375 call options on the stock. This is an increase of approximately 205% compared to the typical daily volume of 4,386 call options.

Everspin Tech Stock Performance

Shares of NASDAQ:MRAM traded down $2.08 during trading hours on Tuesday, hitting $31.27. 3,084,598 shares of the company’s stock traded hands, compared to its average volume of 1,808,333. Everspin Tech has a 52 week low of $5.49 and a 52 week high of $51.50. The company’s fifty day simple moving average is $14.95 and its two-hundred day simple moving average is $11.97. The company has a market cap of $733.28 million, a price-to-earnings ratio of 3,130.13 and a beta of 1.75.

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

Insider Activity at Everspin Tech

In other Everspin Tech news, CFO William Earl Cooper sold 11,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $21.75, for a total transaction of $239,250.00. Following the transaction, the chief financial officer owned 161,030 shares of the company’s stock, valued at approximately $3,502,402.50. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Darin G. Billerbeck sold 30,000 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 124,073 shares in the company, valued at approximately $4,610,552.68. The trade was a 19.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 139,011 shares of company stock worth $3,947,342 in the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Herald Investment Management Ltd boosted its holdings in shares of Everspin Tech by 18.5% in the third quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider’s stock worth $7,416,000 after buying an additional 125,000 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Everspin Tech in the third quarter worth about $433,000. XTX Topco Ltd acquired a new position in shares of Everspin Tech in the fourth quarter worth about $322,000. Hudson Bay Capital Management LP acquired a new position in shares of Everspin Tech in the fourth quarter worth about $267,000. Finally, Rhumbline Advisers lifted its position in shares of Everspin Tech by 55.1% in the first quarter. Rhumbline Advisers now owns 36,835 shares of the business services provider’s stock worth $188,000 after purchasing an additional 13,086 shares in the last quarter. 44.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MRAM. Weiss Ratings restated a “sell (d+)” rating on shares of Everspin Tech in a research report on Friday, March 27th. Wall Street Zen lowered shares of Everspin Tech from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Needham & Company LLC raised their price objective on shares of Everspin Tech from $14.00 to $18.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $18.50.

About Everspin Tech

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.