Everspin Tech (NASDAQ:MRAM) Stock Price Down 11.4% – Here’s What Happened

Shares of Everspin Tech (NASDAQ:MRAM) fell 11.4% during mid-day trading on Friday . The stock traded as low as $25.20 and last traded at $25.1740. 444,825 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 2,092,493 shares. The stock had previously closed at $28.42.

Analyst Upgrades and Downgrades

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

Everspin Tech Stock Down 14.7%

The company has a market cap of $568.50 million, a PE ratio of 2,428.53 and a beta of 1.87. The business’s fifty day moving average is $20.55 and its 200-day moving average is $13.90.

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

Insider Transactions at Everspin Tech

In related news, Director Geoffrey G. Ribar sold 27,488 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $28.87, for a total value of $793,578.56. Following the transaction, the director directly owned 94,063 shares of the company’s stock, valued at approximately $2,715,598.81. This trade represents a 22.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William Earl Cooper sold 10,000 shares of Everspin Tech stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $29.13, for a total value of $291,300.00. Following the transaction, the chief financial officer owned 151,030 shares in the company, valued at $4,399,503.90. This trade represents a 6.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 176,499 shares of company stock worth $5,032,220 over the last three months. 6.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MRAM. Raymond James Financial Inc. purchased a new stake in Everspin Tech in the 2nd quarter worth approximately $25,000. Kestra Advisory Services LLC purchased a new position in shares of Everspin Tech in the fourth quarter valued at about $41,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Everspin Tech in the third quarter worth about $82,000. Algert Global LLC bought a new position in shares of Everspin Tech in the third quarter worth about $102,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in Everspin Tech during the 2nd quarter valued at approximately $70,000. 44.68% of the stock is owned by hedge funds and other institutional investors.

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.