Traders Purchase Large Volume of Everspin Tech Call Options (NASDAQ:MRAM)

Everspin Tech (NASDAQ:MRAM) was the recipient of some unusual options trading on Thursday. Stock investors acquired 2,942 call options on the company. This represents an increase of approximately 182% compared to the average daily volume of 1,042 call options.

Insider Activity

In related news, CFO William Earl Cooper sold 6,807 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $12.06, for a total value of $82,092.42. Following the sale, the chief financial officer directly owned 93,193 shares in the company, valued at approximately $1,123,907.58. The trade was a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Darin G. Billerbeck sold 12,000 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $9.42, for a total value of $113,040.00. Following the transaction, the director directly owned 124,073 shares of the company’s stock, valued at approximately $1,168,767.66. The trade was a 8.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 6.90% of the company’s stock.

Institutional Investors Weigh In On Everspin Tech

A number of institutional investors and hedge funds have recently modified their holdings of the business. Herald Investment Management Ltd raised its stake in shares of Everspin Tech by 18.5% during the third 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. Two Sigma Investments LP lifted 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 worth $1,591,000 after buying an additional 66,623 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Everspin Tech by 426.6% in 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 during the period. Marshall Wace LLP bought a new position in shares of Everspin Tech during the 2nd quarter worth $716,000. Finally, Qube Research & Technologies Ltd grew its position in shares of Everspin Tech by 41.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 103,300 shares of the business services provider’s stock worth $650,000 after buying an additional 30,244 shares in the last quarter. 44.68% of the stock is owned by institutional investors.

Everspin Tech Stock Down 4.1%

NASDAQ MRAM opened at $15.42 on Friday. Everspin Tech has a 52 week low of $4.34 and a 52 week high of $17.24. The firm has a market capitalization of $352.50 million, a price-to-earnings ratio of -514.00 and a beta of 0.80. The company has a fifty day moving average of $9.83 and a two-hundred day moving average of $8.64.

Everspin Tech (NASDAQ:MRAM) last released its earnings results on Wednesday, November 5th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $14.06 million during the quarter, compared to analyst estimates of $14.00 million. Everspin Tech had a negative net margin of 1.06% and a negative return on equity of 0.89%. Everspin Tech has set its Q4 2025 guidance at 0.080-0.130 EPS.

Analyst Upgrades and Downgrades

MRAM has been the topic of several research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Everspin Tech in a research report on Monday, December 29th. Wall Street Zen raised shares of Everspin Tech from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Finally, Needham & Company LLC upped their target price on shares of Everspin Tech from $8.00 to $10.50 and gave the company a “buy” rating in a research report on Monday, November 10th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.50.

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.