Everspin Tech (NASDAQ:MRAM) Sees Strong Trading Volume – Here’s Why

Everspin Tech (NASDAQ:MRAM) shares saw unusually-high trading volume on Tuesday . Approximately 1,932,882 shares changed hands during trading, an increase of 1% from the previous session’s volume of 1,911,606 shares.The stock last traded at $32.42 and had previously closed at $33.68.

Analyst Upgrades and Downgrades

MRAM has been the topic of a number of recent research reports. Wall Street Zen lowered Everspin Tech from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Needham & Company LLC boosted their price objective on Everspin Tech from $14.00 to $18.50 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Everspin Tech in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.50.

Everspin Tech Stock Down 5.0%

The company has a market cap of $750.63 million, a PE ratio of 3,204.20 and a beta of 1.75. The stock has a 50-day simple moving average of $17.26 and a 200 day simple moving average of $12.74.

Everspin Tech (NASDAQ:MRAM) last posted its earnings results on Wednesday, April 29th. The business services provider reported $0.11 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 the consensus estimate of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Insider Activity

In other Everspin Tech news, Director Glen Hawk sold 48,563 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $37.95, for a total transaction of $1,842,965.85. Following the completion of the sale, the director directly owned 39,551 shares of the company’s stock, valued at $1,500,960.45. This represents a 55.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Darin G. Billerbeck sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $37.16, for a total value of $1,114,800.00. Following the sale, the director directly owned 124,073 shares of the company’s stock, valued at approximately $4,610,552.68. This represents a 19.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 176,499 shares of company stock worth $5,032,220 over the last quarter. 6.30% of the stock is owned by insiders.

Institutional Trading of Everspin Tech

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of Everspin Tech during the 2nd quarter worth approximately $25,000. Kestra Advisory Services LLC purchased a new position in shares of Everspin Tech during the 4th quarter worth approximately $41,000. State Street Corp raised its stake in shares of Everspin Tech by 5.7% during the 4th quarter. State Street Corp now owns 85,288 shares of the business services provider’s stock worth $791,000 after buying an additional 4,600 shares in the last quarter. Bank of America Corp DE raised its stake in shares of 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 worth $171,000 after buying an additional 6,041 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Everspin Tech by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 221,189 shares of the business services provider’s stock worth $2,054,000 after buying an additional 8,618 shares in the last quarter. 44.68% of the stock is owned by hedge funds and other institutional investors.

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.