683 Capital Management LLC Takes Position in Everspin Tech $MRAM

683 Capital Management LLC purchased a new stake in Everspin Tech (NASDAQ:MRAM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 109,943 shares of the business services provider’s stock, valued at approximately $1,020,000. 683 Capital Management LLC owned about 0.48% of Everspin Tech at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Trexquant Investment LP bought a new stake in Everspin Tech during the 4th quarter worth approximately $156,000. OMERS ADMINISTRATION Corp bought a new stake in Everspin Tech during the 4th quarter worth approximately $405,000. Kestra Advisory Services LLC bought a new stake in Everspin Tech during the 4th quarter worth approximately $41,000. Hudson Bay Capital Management LP bought a new stake in Everspin Tech during the 4th quarter worth approximately $267,000. Finally, State Street Corp increased its stake in Everspin Tech by 5.7% during the 4th quarter. State Street Corp now owns 85,288 shares of the business services provider’s stock worth $791,000 after purchasing an additional 4,600 shares in the last quarter. 44.68% of the stock is owned by institutional investors.

Insider Buying and Selling at Everspin Tech

In other Everspin Tech news, CEO Sanjeev Aggarwal sold 28,459 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $19.58, for a total transaction of $557,227.22. Following the completion of the sale, the chief executive officer owned 819,422 shares of the company’s stock, valued at $16,044,282.76. This trade represents a 3.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Darin G. Billerbeck sold 30,000 shares of the firm’s 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 sale, the director directly owned 124,073 shares of the company’s stock, valued at $4,610,552.68. This represents a 19.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 176,499 shares of company stock worth $5,032,220. 6.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on MRAM. Weiss Ratings reissued a “sell (d+)” rating on shares of Everspin Tech in a research note on Friday, March 27th. Needham & Company LLC boosted their price target on Everspin Tech from $14.00 to $18.50 and gave the company a “buy” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Everspin Tech currently has a consensus rating of “Hold” and a consensus target price of $18.50.

Everspin Tech Trading Down 1.8%

NASDAQ:MRAM opened at $25.68 on Thursday. Everspin Tech has a 1-year low of $5.76 and a 1-year high of $51.50. The firm has a fifty day simple moving average of $23.35 and a 200 day simple moving average of $14.97. The stock has a market capitalization of $602.20 million, a PE ratio of 2,570.57 and a beta of 1.87.

Everspin Tech (NASDAQ:MRAM) last released its earnings results 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 during the quarter, compared to analysts’ expectations of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

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.