Nano Cap New Millennium Growth Fund L P Makes New Investment in Everspin Tech $MRAM

Nano Cap New Millennium Growth Fund L P bought a new position in shares of Everspin Tech (NASDAQ:MRAM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 237,500 shares of the business services provider’s stock, valued at approximately $2,204,000. Everspin Tech makes up 1.9% of Nano Cap New Millennium Growth Fund L P’s holdings, making the stock its 10th biggest position. Nano Cap New Millennium Growth Fund L P owned 1.04% of Everspin Tech as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MRAM. Herald Investment Management Ltd lifted its holdings in Everspin Tech by 18.5% during the 3rd 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. Marshall Wace LLP acquired a new stake in Everspin Tech during the 2nd quarter worth approximately $716,000. Arrowstreet Capital Limited Partnership lifted its holdings 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 worth $1,282,000 after buying an additional 111,542 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of Everspin Tech by 63.9% in 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 in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Everspin Tech in the 2nd quarter valued at $363,000. 44.68% of the stock is currently owned by institutional investors and hedge funds.

Everspin Tech Trading Up 12.1%

Shares of MRAM opened at $32.45 on Friday. Everspin Tech has a twelve month low of $5.49 and a twelve month high of $51.50. The firm’s fifty day simple moving average is $16.27 and its 200-day simple moving average is $12.40. The firm has a market capitalization of $760.95 million, a price-to-earnings ratio of 3,248.25 and a beta of 1.75.

Everspin Tech (NASDAQ:MRAM) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $0.11 earnings per share for the quarter. Everspin Tech had a net margin of 0.50% and a return on equity of 4.78%. The business 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC raised their price objective on shares of Everspin Tech from $14.00 to $18.50 and gave the company a “buy” rating in a report on Thursday, April 30th. Wall Street Zen lowered shares of Everspin Tech from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Weiss Ratings restated 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $18.50.

Insider Transactions at Everspin Tech

In related news, Director Darin G. Billerbeck sold 30,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $37.16, for a total value of $1,114,800.00. Following the transaction, the director directly owned 124,073 shares of the company’s stock, valued at $4,610,552.68. This trade represents a 19.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Geoffrey G. Ribar sold 27,488 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $28.87, for a total transaction of $793,578.56. Following the completion of the transaction, the director directly owned 94,063 shares in the company, valued at $2,715,598.81. This trade represents a 22.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 176,499 shares of company stock worth $5,032,220. Insiders own 6.30% 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.