Everspin Tech (NASDAQ:MRAM) Issues Q3 2026 Earnings Guidance

Everspin Tech (NASDAQ:MRAM) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.100-0.150 for the period, compared to the consensus earnings per share estimate of 0.100. The company issued revenue guidance of $19.5 million-$20.5 million, compared to the consensus revenue estimate of $18.4 million.

Everspin Tech Trading Down 7.3%

MRAM traded down $1.28 during midday trading on Wednesday, hitting $16.14. 2,635,636 shares of the company were exchanged, compared to its average volume of 1,975,231. The company’s 50 day simple moving average is $21.10 and its 200 day simple moving average is $17.08. The firm has a market capitalization of $378.48 million, a price-to-earnings ratio of 1,615.62 and a beta of 1.94. Everspin Tech has a 1-year low of $5.76 and a 1-year high of $51.50.

Analyst Ratings Changes

Several analysts recently commented on MRAM shares. 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. Weiss Ratings lowered Everspin Tech from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.50.

Insiders Place Their Bets

In related news, CFO William Earl Cooper sold 10,000 shares of Everspin Tech stock in a transaction dated 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 transaction, the chief financial officer owned 151,030 shares in the company, valued at $4,399,503.90. The trade was a 6.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Darin G. Billerbeck sold 30,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $37.16, for a total value of $1,114,800.00. Following the completion of the transaction, the director directly owned 124,073 shares of the company’s stock, valued at $4,610,552.68. The trade was a 19.47% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 148,843 shares of company stock valued at $4,775,218. Insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MRAM. Rhumbline Advisers lifted its position in shares of Everspin Tech by 55.1% during the 1st quarter. Rhumbline Advisers now owns 36,835 shares of the business services provider’s stock valued at $188,000 after buying an additional 13,086 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Everspin Tech in the 2nd quarter worth $164,000. Marshall Wace LLP acquired a new position in Everspin Tech during the second quarter worth $716,000. Jump Financial LLC acquired a new position in Everspin Tech during the second quarter worth $159,000. Finally, Qube Research & Technologies Ltd lifted its holdings in Everspin Tech by 41.4% during the second quarter. Qube Research & Technologies Ltd now owns 103,300 shares of the business services provider’s stock valued at $650,000 after purchasing an additional 30,244 shares in the last quarter. 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.