Everspin Tech (NASDAQ:MRAM) Director Sells $1,114,800.00 in Stock

Everspin Tech (NASDAQ:MRAM) Director Darin Billerbeck sold 30,000 shares of Everspin Tech stock in a transaction 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 completion of the transaction, the director directly owned 124,073 shares of the company’s stock, valued at $4,610,552.68. This represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Everspin Tech Price Performance

Shares of NASDAQ MRAM opened at $37.57 on Friday. The stock has a market capitalization of $881.02 million, a PE ratio of 3,760.76 and a beta of 1.75. The business has a fifty day moving average price of $14.47 and a two-hundred day moving average price of $11.80. Everspin Tech has a fifty-two week low of $5.49 and a fifty-two week high of $51.50.

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

Hedge Funds Weigh In On Everspin Tech

Institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of Everspin Tech during the 2nd quarter worth $25,000. Kestra Advisory Services LLC acquired a new position in shares of Everspin Tech during the 4th quarter worth $41,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Everspin Tech during the 3rd quarter worth $82,000. Algert Global LLC acquired a new position in shares of Everspin Tech during the 3rd quarter worth $102,000. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of Everspin Tech during the 2nd quarter worth $70,000. Institutional investors and hedge funds own 44.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MRAM. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Everspin Tech in a report on Friday, March 27th. Needham & Company LLC lifted their price objective on Everspin Tech from $14.00 to $18.50 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Wall Street Zen cut Everspin Tech from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.