Everspin Tech (NASDAQ:MRAM) Sees Strong Trading Volume – Here’s Why

Everspin Tech (NASDAQ:MRAM) shares saw unusually-high trading volume on Tuesday . Approximately 1,932,882 shares were traded during trading, an increase of 1% from the previous session’s volume of 1,911,606 shares.The stock last traded at $32.42 and had previously closed at $33.68.

Analyst Upgrades and Downgrades

MRAM has been the topic of several analyst reports. Wall Street Zen lowered Everspin Tech from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Needham & Company LLC raised 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. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Everspin Tech in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $18.50.

Everspin Tech Price Performance

The firm has a fifty day simple moving average of $17.26 and a 200 day simple moving average of $12.74. The company has a market capitalization of $750.63 million, a price-to-earnings ratio of 3,204.20 and a beta of 1.75.

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 for the quarter, compared to analyst estimates of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Insider Transactions at Everspin Tech

In other news, CEO Sanjeev Aggarwal sold 28,459 shares of Everspin Tech stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $19.58, for a total value of $557,227.22. Following the sale, the chief executive officer directly owned 819,422 shares of the company’s stock, valued at $16,044,282.76. The trade was a 3.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Geoffrey G. Ribar sold 27,488 shares of Everspin Tech stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $28.87, for a total value of $793,578.56. Following the completion of the sale, the director directly owned 94,063 shares in the company, valued at $2,715,598.81. This represents a 22.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 176,499 shares of company stock valued at $5,032,220. Insiders own 6.30% of the company’s stock.

Institutional Trading of Everspin Tech

Institutional investors have recently made changes to their positions in the company. Herald Investment Management Ltd boosted its stake in shares of Everspin Tech by 18.5% in the third quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider’s stock worth $7,416,000 after acquiring an additional 125,000 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Everspin Tech during the third quarter worth $433,000. Nano Cap New Millennium Growth Fund L P acquired a new position in Everspin Tech during the fourth quarter worth $2,204,000. Thompson Davis & CO. Inc. acquired a new position in Everspin Tech during the third quarter worth $131,000. Finally, State of Wyoming acquired a new position in Everspin Tech during the first quarter worth $189,000. 44.68% of the stock is owned by institutional investors and hedge funds.

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.