Everspin Tech (NASDAQ:MRAM) Releases Earnings Results, Beats Estimates By $0.01 EPS

Everspin Tech (NASDAQ:MRAM) released its quarterly earnings results on Wednesday. The business services provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01, reports. The firm had revenue of $14.06 million for the quarter, compared to the consensus estimate of $14.00 million. Everspin Tech had a return on equity of 2.65% and a net margin of 3.19%. Everspin Tech updated its Q4 2025 guidance to 0.080-0.130 EPS.

Everspin Tech Trading Down 17.2%

Everspin Tech stock traded down $1.81 during trading on Thursday, reaching $8.72. The company had a trading volume of 564,539 shares, compared to its average volume of 150,112. Everspin Tech has a 52 week low of $4.34 and a 52 week high of $12.27. The firm’s 50-day simple moving average is $9.13 and its 200 day simple moving average is $7.17. The firm has a market capitalization of $197.25 million, a price-to-earnings ratio of 124.57 and a beta of 0.47.

Insider Buying and Selling

In related news, CEO Sanjeev Aggarwal sold 17,147 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $10.15, for a total value of $174,042.05. Following the transaction, the chief executive officer directly owned 574,757 shares of the company’s stock, valued at approximately $5,833,783.55. This trade represents a 2.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.90% of the company’s stock.

Hedge Funds Weigh In On Everspin Tech

A number of institutional investors have recently bought and sold shares of the stock. Brevan Howard Capital Management LP bought a new stake in Everspin Tech during the second quarter valued at about $227,000. Bank of America Corp DE raised its holdings in Everspin Tech by 28.6% during the second quarter. Bank of America Corp DE now owns 27,150 shares of the business services provider’s stock valued at $171,000 after acquiring an additional 6,041 shares during the period. Jane Street Group LLC bought a new stake in Everspin Tech during the second quarter valued at about $363,000. Raymond James Financial Inc. bought a new stake in Everspin Tech during the second quarter valued at about $25,000. Finally, Occudo Quantitative Strategies LP bought a new stake in Everspin Tech during the second quarter valued at about $70,000. 44.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MRAM. Weiss Ratings restated a “hold (c-)” rating on shares of Everspin Tech in a research note on Wednesday, October 8th. Wall Street Zen upgraded Everspin Tech from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Everspin Tech Company Profile

Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.