Rhumbline Advisers Purchases Shares of 21,595 Everspin Technologies, Inc. (NASDAQ:MRAM)

Rhumbline Advisers acquired a new stake in shares of Everspin Technologies, Inc. (NASDAQ:MRAM) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 21,595 shares of the business services provider’s stock, valued at approximately $129,000. Rhumbline Advisers owned approximately 0.10% of Everspin Technologies at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MRAM. GSA Capital Partners LLP raised its stake in Everspin Technologies by 4.1% in the 1st quarter. GSA Capital Partners LLP now owns 70,840 shares of the business services provider’s stock valued at $561,000 after acquiring an additional 2,764 shares during the period. Quadrature Capital Ltd grew its holdings in Everspin Technologies by 21.1% during the 4th quarter. Quadrature Capital Ltd now owns 37,864 shares of the business services provider’s stock valued at $342,000 after buying an additional 6,609 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Everspin Technologies in the fourth quarter worth $171,000. Hillsdale Investment Management Inc. raised its position in shares of Everspin Technologies by 8.9% in the first quarter. Hillsdale Investment Management Inc. now owns 242,102 shares of the business services provider’s stock worth $1,917,000 after buying an additional 19,700 shares in the last quarter. Finally, Oppenheimer & Close LLC boosted its stake in Everspin Technologies by 32.3% during the second quarter. Oppenheimer & Close LLC now owns 82,000 shares of the business services provider’s stock valued at $491,000 after buying an additional 20,000 shares during the period. 44.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MRAM. Needham & Company LLC restated a “buy” rating and issued a $8.00 target price on shares of Everspin Technologies in a research note on Thursday, August 1st. StockNews.com lowered shares of Everspin Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th.

Everspin Technologies Trading Down 1.7 %

MRAM opened at $5.90 on Tuesday. Everspin Technologies, Inc. has a 12 month low of $4.89 and a 12 month high of $10.50. The business’s 50-day moving average price is $5.65 and its 200-day moving average price is $6.37. The company has a market cap of $126.97 million, a P/E ratio of 15.95 and a beta of 0.90.

Everspin Technologies (NASDAQ:MRAM) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported ($0.12) EPS for the quarter, meeting the consensus estimate of ($0.12). Everspin Technologies had a net margin of 2.92% and a return on equity of 3.16%. The firm had revenue of $10.64 million during the quarter.

Everspin Technologies Profile

Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.