William Earl Cooper Sells 10,000 Shares of Everspin Tech (NASDAQ:MRAM) Stock

Everspin Tech (NASDAQ:MRAM) CFO William Earl Cooper sold 10,000 shares of Everspin Tech stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $29.13, for a total value of $291,300.00. Following the completion of the sale, the chief financial officer directly owned 151,030 shares of the company’s stock, valued at approximately $4,399,503.90. The trade was a 6.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

William Earl Cooper also recently made the following trade(s):

• On Wednesday, May 6th, William Earl Cooper sold 11,000 shares of Everspin Tech stock. The stock was sold at an average price of $21.75, for a total value of $239,250.00.
• On Wednesday, April 1st, William Earl Cooper sold 1,549 shares of Everspin Tech stock. The stock was sold at an average price of $9.20, for a total value of $14,250.80.

Everspin Tech Trading Up 3.8%

Everspin Tech stock opened at $33.68 on Friday. The firm has a market cap of $789.80 million, a price-to-earnings ratio of 3,371.37 and a beta of 1.75. The stock has a fifty day simple moving average of $16.76 and a two-hundred day simple moving average of $12.55. Everspin Tech has a 12 month low of $5.49 and a 12 month high of $51.50.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MRAM. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Everspin Tech in a report on Friday, March 27th. Wall Street Zen lowered Everspin Tech from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Needham & Company LLC lifted their price objective on Everspin Tech from $14.00 to $18.50 and gave the stock a “buy” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Everspin Tech currently has a consensus rating of “Hold” and a consensus price target of $18.50.

Institutional Trading of Everspin Tech

Several large investors have recently modified their holdings of MRAM. Raymond James Financial Inc. purchased a new position in Everspin Tech during the second quarter valued at $25,000. Kestra Advisory Services LLC purchased a new position in Everspin Tech during the fourth quarter valued at $41,000. Occudo Quantitative Strategies LP purchased a new position in Everspin Tech during the second quarter valued at $70,000. Gordian Capital Singapore Pte Ltd purchased a new position in Everspin Tech during the third quarter valued at $82,000. Finally, Fortitude Advisory Group L.L.C. purchased a new position in Everspin Tech during the first quarter valued at $99,000. Institutional investors own 44.68% of the company’s stock.

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.