Traders Buy Large Volume of Everspin Tech Call Options (NASDAQ:MRAM)

Everspin Tech (NASDAQ:MRAM) was the recipient of some unusual options trading on Thursday. Stock investors acquired 2,942 call options on the company. This represents an increase of approximately 182% compared to the average daily volume of 1,042 call options.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wall Street Zen raised shares of Everspin Tech from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Needham & Company LLC upped their target price on Everspin Tech from $8.00 to $10.50 and gave the company a “buy” rating in a report on Monday, November 10th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Everspin Tech in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Everspin Tech presently has an average rating of “Hold” and an average target price of $10.50.

Everspin Tech Trading Down 2.5%

MRAM traded down $0.40 during trading hours on Thursday, hitting $15.68. The company’s stock had a trading volume of 916,302 shares, compared to its average volume of 888,519. Everspin Tech has a fifty-two week low of $4.34 and a fifty-two week high of $17.24. The firm has a market capitalization of $358.44 million, a PE ratio of -525.00 and a beta of 0.80. The company has a 50-day simple moving average of $9.69 and a 200 day simple moving average of $8.59.

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

Insider Buying and Selling

In other Everspin Tech news, CFO William Earl Cooper sold 6,807 shares of Everspin Tech stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $12.06, for a total transaction of $82,092.42. Following the sale, the chief financial officer directly owned 93,193 shares in the company, valued at $1,123,907.58. The trade was a 6.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Darin G. Billerbeck sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $9.42, for a total value of $113,040.00. Following the completion of the transaction, the director directly owned 124,073 shares in the company, valued at approximately $1,168,767.66. The trade was a 8.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Everspin Tech

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Herald Investment Management Ltd lifted its position in shares of Everspin Tech by 18.5% in the 3rd quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider’s stock valued at $7,416,000 after acquiring an additional 125,000 shares in the last quarter. Two Sigma Investments LP raised its stake in Everspin Tech by 63.9% during the 3rd quarter. Two Sigma Investments LP now owns 170,933 shares of the business services provider’s stock valued at $1,591,000 after purchasing an additional 66,623 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Everspin Tech by 426.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 137,687 shares of the business services provider’s stock valued at $1,282,000 after purchasing an additional 111,542 shares during the period. Marshall Wace LLP purchased a new stake in shares of Everspin Tech in the second quarter valued at $716,000. Finally, Qube Research & Technologies Ltd boosted its position in shares of Everspin Tech by 41.4% in the second quarter. Qube Research & Technologies Ltd now owns 103,300 shares of the business services provider’s stock worth $650,000 after buying an additional 30,244 shares during the period. 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.