Traders Purchase High Volume of Everspin Tech Call Options (NASDAQ:MRAM)

Everspin Tech (NASDAQ:MRAM) saw unusually large options trading activity on Monday. Stock traders purchased 13,375 call options on the stock. This is an increase of 205% compared to the typical daily volume of 4,386 call options.

Insider Activity

In other Everspin Tech news, Director Glen Hawk sold 48,563 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $37.95, for a total transaction of $1,842,965.85. Following the sale, the director directly owned 39,551 shares of the company’s stock, valued at $1,500,960.45. This trade represents a 55.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William Earl Cooper sold 11,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $21.75, for a total transaction of $239,250.00. Following the sale, the chief financial officer directly owned 161,030 shares in the company, valued at $3,502,402.50. This represents a 6.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 139,011 shares of company stock valued at $3,947,342 over the last quarter. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of Everspin Tech

A number of hedge funds have recently made changes to their positions in the company. Herald Investment Management Ltd raised its stake in shares of 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 valued at $7,416,000 after purchasing an additional 125,000 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of 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 purchasing an additional 46,929 shares during the period. Renaissance Technologies LLC raised its stake in shares of 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 purchasing an additional 73,000 shares during the period. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Everspin Tech during the fourth quarter valued at approximately $2,204,000. Finally, Geode Capital Management LLC raised its stake in shares of 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 purchasing an additional 8,618 shares during the period. Hedge funds and other institutional investors own 44.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MRAM shares. Wall Street Zen cut shares of Everspin Tech from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Needham & Company LLC raised their price target on shares of Everspin Tech from $14.00 to $18.50 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings reissued 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $18.50.

Everspin Tech Price Performance

NASDAQ MRAM traded down $4.22 during mid-day trading on Monday, hitting $33.35. The company’s stock had a trading volume of 5,645,432 shares, compared to its average volume of 1,795,320. Everspin Tech has a 52-week low of $5.49 and a 52-week high of $51.50. The stock’s fifty day simple moving average is $14.47 and its two-hundred day simple moving average is $11.81. The firm has a market capitalization of $782.06 million, a P/E ratio of 3,338.34 and a beta of 1.75.

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

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.