Everspin Tech (NASDAQ:MRAM) Sets New 52-Week High Following Analyst Upgrade

Everspin Tech (NASDAQ:MRAM) shares hit a new 52-week high during mid-day trading on Friday after Needham & Company LLC raised their price target on the stock from $14.00 to $18.50. Needham & Company LLC currently has a buy rating on the stock. Everspin Tech traded as high as $22.69 and last traded at $21.1880, with a volume of 1279052 shares. The stock had previously closed at $18.28.

Several other research analysts have also commented on the company. Wall Street Zen lowered Everspin Tech from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.50.

Insider Transactions at Everspin Tech

In other Everspin Tech news, CEO Sanjeev Aggarwal sold 19,440 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were 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 in the company, valued at $7,800,505.20. This represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is owned by company insiders.

More Everspin Tech News

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

• Positive Sentiment: Won a $40 million, ~2.5‑year subcontract with a U.S. prime contractor to supply Toggle MRAM capabilities for mil‑aero/defense programs — this gives multi-year revenue visibility and supports backlog for specialized MRAM applications. BusinessWire: Everspin Executes $40M Agreement
• Positive Sentiment: Q1 results topped expectations on revenue and EPS with strength in Industrial Automation, Transportation and Data Center end markets — the “double beat” narrative helped lift sentiment. MSN: Everspin stock rallies on double beat, $40M contract
• Positive Sentiment: Analyst support: Needham raised its price target to $18.50 and kept a Buy rating, signaling increased analyst conviction that the defense win and revenue trajectory justify a higher valuation. American Banking News: Needham Forecast
• Neutral Sentiment: Company issued Q2 revenue guidance of $15.5M–$16.5M (above consensus) — this improves top‑line visibility but must be weighed against margin/earnings guidance. Seeking Alpha: Q2 revenue forecast & subcontract
• Neutral Sentiment: Unusually large options activity (roughly 6,049 calls, ~346% above normal) suggests short‑term bullish/speculative positioning that can amplify intraday moves but may not reflect fundamentals.
• Negative Sentiment: Q2 EPS guidance was cut to $0.00–$0.03 vs. consensus ~ $0.07, and management flagged rising costs — this pressures near‑term margins and explains why some investors look past the revenue beat. BusinessWire: Q1 Results & Guidance

Hedge Funds Weigh In On Everspin Tech

Institutional investors and hedge funds have recently made changes to their positions in the stock. Herald Investment Management Ltd grew its position 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 worth $7,416,000 after buying an additional 125,000 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Everspin Tech during the third quarter worth about $433,000. Thompson Davis & CO. Inc. acquired a new position in shares of Everspin Tech during the third quarter worth about $131,000. 683 Capital Management LLC acquired a new position in shares of Everspin Tech during the fourth quarter worth about $1,020,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Everspin Tech during the fourth quarter worth about $41,000. 44.68% of the stock is owned by institutional investors and hedge funds.

Everspin Tech Stock Up 20.0%

The firm has a market capitalization of $511.05 million, a price-to-earnings ratio of 2,173.27 and a beta of 0.94. The stock has a 50-day moving average price of $10.59 and a 200 day moving average price of $10.43.

Everspin Tech (NASDAQ:MRAM) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.11 earnings per share (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 4.85% and a net margin of 0.50%.Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

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.