Geoffrey Ribar Sells 27,488 Shares of Everspin Tech (NASDAQ:MRAM) Stock

Everspin Tech (NASDAQ:MRAM) Director Geoffrey Ribar sold 27,488 shares of the firm’s stock in a transaction that occurred 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 owned 94,063 shares of the company’s stock, valued at approximately $2,715,598.81. This trade represents a 22.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Everspin Tech Price Performance

Shares of NASDAQ MRAM opened at $33.68 on Friday. The company has a 50 day simple moving average of $16.76 and a 200 day simple moving average of $12.55. The firm has a market cap of $789.80 million, a PE ratio of 3,371.37 and a beta of 1.75. Everspin Tech has a 1 year low of $5.49 and a 1 year 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 earnings per share (EPS) for the quarter. The business had revenue of $14.87 million during the quarter, compared to analyst estimates of $14.60 million. Everspin Tech had a net margin of 0.50% and a return on equity of 4.78%. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Everspin Tech from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a report on Friday, March 27th. Finally, 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. 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 has an average rating of “Hold” and an average target price of $18.50.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Herald Investment Management Ltd increased its stake 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. Dimensional Fund Advisors LP increased its stake in shares of Everspin Tech by 13.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 409,010 shares of the business services provider’s stock valued at $3,594,000 after acquiring an additional 46,929 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Everspin Tech by 27.9% in the 1st quarter. Renaissance Technologies LLC now owns 334,367 shares of the business services provider’s stock valued at $2,939,000 after acquiring an additional 73,000 shares in the last quarter. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Everspin Tech in the 4th quarter valued at $2,204,000. Finally, Geode Capital Management LLC increased its stake in shares of Everspin Tech by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 221,189 shares of the business services provider’s stock valued at $2,054,000 after acquiring an additional 8,618 shares in the last quarter. 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.