Everspin Tech (NASDAQ:MRAM) Director Glen Hawk Sells 48,563 Shares

Everspin Tech (NASDAQ:MRAM) Director Glen Hawk sold 48,563 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $37.95, for a total value of $1,842,965.85. Following the sale, the director owned 39,551 shares of the company’s stock, valued at $1,500,960.45. This represents a 55.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Everspin Tech Price Performance

Shares of NASDAQ MRAM opened at $37.57 on Friday. Everspin Tech has a 1-year low of $5.49 and a 1-year high of $51.50. The business has a 50-day moving average of $14.47 and a 200-day moving average of $11.80. The company has a market capitalization of $881.02 million, a price-to-earnings ratio of 3,760.76 and a beta of 1.75.

Everspin Tech (NASDAQ:MRAM) last issued 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 company had revenue of $14.87 million during 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Herald Investment Management Ltd boosted its holdings in 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 valued at $7,416,000 after purchasing an additional 125,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Everspin Tech by 13.0% during the first quarter. Dimensional Fund Advisors LP now owns 409,010 shares of the business services provider’s stock valued at $3,594,000 after buying an additional 46,929 shares in the last quarter. Renaissance Technologies LLC raised its stake in Everspin Tech by 27.9% during the first quarter. Renaissance Technologies LLC now owns 334,367 shares of the business services provider’s stock valued at $2,939,000 after buying an additional 73,000 shares in the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new stake in Everspin Tech during the fourth quarter valued at approximately $2,204,000. Finally, Geode Capital Management LLC raised its stake in Everspin Tech by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 221,189 shares of the business services provider’s stock valued at $2,054,000 after buying an additional 8,618 shares in the last quarter. Hedge funds and other institutional investors own 44.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MRAM shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Everspin Tech in a research report on Friday, March 27th. Wall Street Zen downgraded Everspin Tech from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Needham & Company LLC increased their price target on Everspin Tech from $14.00 to $18.50 and gave the company a “buy” rating in a report on Thursday, April 30th. 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.com, the company presently has a consensus rating of “Hold” and an average target price of $18.50.

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.