Traders Buy High Volume of Call Options on Everspin Tech (NASDAQ:MRAM)

Everspin Tech (NASDAQ:MRAM) saw unusually large options trading activity on Thursday. Traders bought 2,942 call options on the stock. This is an increase of 182% compared to the average daily volume of 1,042 call options.

Insider Transactions at Everspin Tech

In other Everspin Tech news, CFO William Earl Cooper sold 6,807 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $12.06, for a total transaction of $82,092.42. Following the completion of the sale, the chief financial officer directly owned 93,193 shares of the company’s stock, valued at approximately $1,123,907.58. The trade was a 6.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Darin G. Billerbeck sold 12,000 shares of the firm’s 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 completion of the transaction, the director owned 124,073 shares in the company, valued at $1,168,767.66. This represents a 8.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 6.90% of the company’s stock.

Institutional Trading of Everspin Tech

Several hedge funds have recently made changes to their positions in the company. Ritholtz Wealth Management purchased a new position in shares of Everspin Tech during the 4th quarter valued at $286,000. Green Alpha Advisors LLC purchased a new stake in Everspin Tech in the 4th quarter worth about $427,000. Bank of America Corp DE raised its stake in Everspin Tech by 110.8% in the 3rd quarter. Bank of America Corp DE now owns 57,222 shares of the business services provider’s stock valued at $533,000 after acquiring an additional 30,072 shares during the period. Algert Global LLC purchased a new stake in Everspin Tech during the third quarter valued at about $102,000. Finally, Two Sigma Investments LP boosted its position in Everspin Tech by 63.9% during the third quarter. Two Sigma Investments LP now owns 170,933 shares of the business services provider’s stock worth $1,591,000 after purchasing an additional 66,623 shares during the period. 44.68% of the stock is currently owned by institutional investors.

Everspin Tech Stock Performance

Shares of NASDAQ:MRAM opened at $14.15 on Friday. Everspin Tech has a fifty-two week low of $4.34 and a fifty-two week high of $17.24. The company’s 50-day moving average is $9.95 and its 200 day moving average is $8.69. The company has a market capitalization of $323.47 million, a P/E ratio of -471.67 and a beta of 0.80.

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

Analyst Ratings Changes

Several brokerages have weighed in on MRAM. Needham & Company LLC raised their price objective on Everspin Tech from $8.00 to $10.50 and gave the company a “buy” rating in a research note on Monday, November 10th. Wall Street Zen downgraded shares of Everspin Tech from a “buy” rating to a “hold” rating in a report on Friday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Everspin Tech in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Everspin Tech presently has an average rating of “Hold” and a consensus price target of $10.50.

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.