Needham & Company LLC Forecasts Strong Price Appreciation for Everspin Tech (NASDAQ:MRAM) Stock

Everspin Tech (NASDAQ:MRAM) had its price target raised by equities research analysts at Needham & Company LLC from $14.00 to $18.50 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s price objective points to a potential downside of 13.91% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. Wall Street Zen downgraded Everspin Tech from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Everspin Tech in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Everspin Tech presently has an average rating of “Hold” and a consensus target price of $18.50.

Everspin Tech Stock Performance

Shares of NASDAQ:MRAM opened at $21.49 on Thursday. The company has a market cap of $503.94 million, a P/E ratio of 2,151.15 and a beta of 1.75. The stock’s 50-day moving average is $10.59 and its 200-day moving average is $10.43. Everspin Tech has a 52-week low of $5.49 and a 52-week high of $22.69.

Everspin Tech (NASDAQ:MRAM) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $14.87 million for the quarter, compared to the consensus estimate 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.

Insider Activity

In related news, CEO Sanjeev Aggarwal sold 19,440 shares of Everspin Tech stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $9.20, for a total transaction of $178,848.00. Following the sale, the chief executive officer directly owned 847,881 shares of the company’s stock, valued at $7,800,505.20. This trade represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Everspin Tech

A number of institutional investors have recently added to or reduced their stakes in MRAM. Nano Cap New Millennium Growth Fund L P acquired a new stake in Everspin Tech during the fourth quarter worth about $2,204,000. Jane Street Group LLC grew its position in Everspin Tech by 265.0% during the fourth quarter. Jane Street Group LLC now owns 183,966 shares of the business services provider’s stock worth $1,707,000 after buying an additional 133,560 shares in the last quarter. Herald Investment Management Ltd grew its position in Everspin Tech by 18.5% during the third quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider’s stock worth $7,416,000 after buying an additional 125,000 shares in the last quarter. Marshall Wace LLP acquired a new stake in Everspin Tech during the second quarter worth about $716,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Everspin Tech by 426.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 137,687 shares of the business services provider’s stock worth $1,282,000 after buying an additional 111,542 shares in the last quarter. 44.68% of the stock is owned by institutional investors and hedge funds.

Key Everspin Tech News

Here are the key news stories impacting Everspin Tech this week:

• Positive Sentiment: Everspin signed a roughly $40M, 2.5‑year agreement with a U.S. prime contractor to deliver Toggle MRAM process capabilities and engineering services for military/aerospace customers — a clear revenue/backlog catalyst and validation of Everspin’s role in defense supply chains. Everspin Executes $40M Agreement for Mil-Aero MRAM Applications
• Positive Sentiment: Quarterly results surprised modestly to the upside (EPS and revenue beat expectations) and company commentary highlighted strong MRAM sales, which helped lift sentiment and trading interest. Everspin Stock Rallies On Double Beat, $40M U.S. Defense Contract Win
• Positive Sentiment: Management guided Q2 revenue roughly to $15.5M–$16.5M and provided EPS guidance of $0.00–$0.03, signaling expected sequential growth and recurring defense program revenue visibility. That revenue guide gives investors a clearer short‑term growth runway. Everspin forecasts $15.5M-$16.5M Q2 revenue as it signs 2.5-year $40M subcontract
• Neutral Sentiment: Needham & Company raised its coverage and price target (buy rating; PT raised to $18.50). The upgrade signals analyst support, but the stated PT is below the current share price, making the note mixed in impact. Needham & Company LLC Issues Positive Forecast for Everspin Tech (NASDAQ:MRAM) Stock Price
• Neutral Sentiment: Unusually large options activity (a multi-hundred-percent increase in call volume) points to speculative bullish positioning and may amplify intraday moves but is not a fundamental change. (reported market activity)
• Negative Sentiment: Earnings‑call commentary flagged rising costs even as revenue grows; higher costs could pressure margins and limit near‑term profitability improvement. Investors weighing valuation should note low net margins and conservative EPS guidance. Everspin Earnings Call: MRAM Growth, Costs Rising

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.