William Earl Cooper Sells 6,807 Shares of Everspin Tech (NASDAQ:MRAM) Stock

Everspin Tech (NASDAQ:MRAM) CFO William Earl Cooper sold 6,807 shares of the company’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $12.06, for a total value of $82,092.42. Following the completion of the transaction, the chief financial officer directly owned 93,193 shares of the company’s stock, valued at approximately $1,123,907.58. The trade was a 6.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Everspin Tech Trading Down 1.1%

MRAM traded down $0.13 during trading on Thursday, reaching $11.85. 642,166 shares of the company’s stock were exchanged, compared to its average volume of 697,113. Everspin Tech has a one year low of $4.34 and a one year high of $13.00. The firm has a fifty day moving average price of $9.07 and a two-hundred day moving average price of $8.15. The stock has a market capitalization of $270.86 million, a PE ratio of -395.00 and a beta of 0.80.

Everspin Tech (NASDAQ:MRAM) last issued its quarterly earnings results on Wednesday, November 5th. The business services provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $14.06 million for the quarter, compared to analyst estimates of $14.00 million. Everspin Tech had a negative net margin of 1.06% and a negative return on equity of 0.89%. Everspin Tech has set its Q4 2025 guidance at 0.080-0.130 EPS.

Wall Street Analysts Forecast Growth

MRAM has been the subject of a number of recent analyst reports. Needham & Company LLC increased their target price on shares of Everspin Tech from $8.00 to $10.50 and gave the company a “buy” rating in a research report on Monday, November 10th. Wall Street Zen upgraded shares of Everspin Tech from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Everspin Tech in a research note on Monday, December 29th. One 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, the company currently has an average rating of “Hold” and an average target price of $10.50.

Hedge Funds Weigh In On Everspin Tech

A number of institutional investors and hedge funds have recently made changes to their positions in MRAM. Herald Investment Management Ltd grew its position in Everspin Tech by 12.5% in the 2nd quarter. Herald Investment Management Ltd now owns 675,000 shares of the business services provider’s stock valued at $4,239,000 after purchasing an additional 75,000 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Everspin Tech during the second quarter worth $428,000. Silverberg Bernstein Capital Management LLC bought a new position in shares of Everspin Tech in the second quarter valued at $68,000. Total Clarity Wealth Management Inc. lifted its stake in shares of Everspin Tech by 15.6% in the second quarter. Total Clarity Wealth Management Inc. now owns 29,267 shares of the business services provider’s stock valued at $184,000 after buying an additional 3,954 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of Everspin Tech during the third quarter valued at about $102,000. Institutional investors own 44.68% 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.