683 Capital Management LLC Purchases Shares of 109,943 Everspin Tech $MRAM

683 Capital Management LLC bought a new position in shares of Everspin Tech (NASDAQ:MRAM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 109,943 shares of the business services provider’s stock, valued at approximately $1,020,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Everspin Tech during the second quarter worth $25,000. Kestra Advisory Services LLC acquired a new stake in shares of Everspin Tech during the fourth quarter worth $41,000. Occudo Quantitative Strategies LP acquired a new stake in shares of Everspin Tech during the second quarter worth $70,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Everspin Tech during the third quarter worth $82,000. Finally, Algert Global LLC acquired a new stake in shares of Everspin Tech during the third quarter worth $102,000. Institutional investors and hedge funds own 44.68% of the company’s stock.

Everspin Tech Trading Down 1.8%

Shares of NASDAQ MRAM opened at $25.68 on Thursday. The company has a market cap of $602.20 million, a price-to-earnings ratio of 2,570.57 and a beta of 1.87. Everspin Tech has a 12 month low of $5.76 and a 12 month high of $51.50. The stock has a 50-day moving average price of $23.35 and a two-hundred day moving average price of $14.97.

Everspin Tech (NASDAQ:MRAM) last issued its earnings results on Wednesday, April 29th. The business services provider reported $0.11 EPS for the quarter. The firm had revenue of $14.87 million during 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.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MRAM. Weiss Ratings reissued a “sell (d+)” rating on shares of Everspin Tech in a report on Friday, March 27th. 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. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Everspin Tech has an average rating of “Hold” and a consensus price target of $18.50.

Insider Activity

In other Everspin Tech news, Director Darin G. Billerbeck sold 30,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $37.16, for a total transaction of $1,114,800.00. Following the completion of the transaction, the director owned 124,073 shares of the company’s stock, valued at approximately $4,610,552.68. The trade was a 19.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William Earl Cooper sold 11,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $21.75, for a total value of $239,250.00. Following the transaction, the chief financial officer directly owned 161,030 shares of the company’s stock, valued at approximately $3,502,402.50. The trade was a 6.39% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 176,499 shares of company stock valued at $5,032,220. Corporate insiders own 6.30% of the company’s stock.

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.