Everspin Tech (NASDAQ:MRAM) Shares Down 6.2% – Time to Sell?

29 May 2026, 14:28 by Amy Steele · The Cerbat Gem

Everspin Tech (NASDAQ:MRAM – Get Free Report) shares fell 6.2% during mid-day trading on Wednesday . The stock traded as low as $30.34 and last traded at $30.6620. 2,195,884 shares traded hands during mid-day trading, an increase of 11% from the average session volume of 1,973,271 shares. The stock had previously closed at $32.70.

Wall Street Analysts Forecast Growth

MRAM has been the subject of several recent research reports. Wall Street Zen cut Everspin Tech from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Needham & Company LLC lifted their price target on Everspin Tech from $14.00 to $18.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Everspin Tech has a consensus rating of “Hold” and a consensus price target of $18.50.

Check Out Our Latest Stock Analysis on MRAM

Everspin Tech Stock Down 14.5%

The company has a 50-day moving average of $18.59 and a 200 day moving average of $13.20. The firm has a market capitalization of $626.68 million, a PE ratio of 2,678.28 and a beta of 1.75.

Everspin Tech (NASDAQ:MRAM – Get Free Report) last posted its earnings results on Wednesday, April 29th. The business services provider reported $0.11 EPS for the quarter. Everspin Tech had a return on equity of 4.78% and a net margin of 0.50%.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.

Insider Buying and Selling at Everspin Tech

In other news, CEO Sanjeev Aggarwal sold 28,459 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $19.58, for a total value of $557,227.22. Following the completion of the transaction, the chief executive officer directly owned 819,422 shares in the company, valued at approximately $16,044,282.76. This represents a 3.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Glen Hawk sold 48,563 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $37.95, for a total value of $1,842,965.85. Following the completion of the transaction, the director owned 39,551 shares of the company’s stock, valued at $1,500,960.45. The trade was a 55.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 176,499 shares of company stock valued at $5,032,220 over the last 90 days. Insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Everspin Tech

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Everspin Tech by 783.4% in the 1st quarter. Bank of America Corp DE now owns 219,460 shares of the business services provider’s stock worth $1,929,000 after purchasing an additional 194,617 shares in the last quarter. Renaissance Technologies LLC boosted its holdings 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 worth $2,939,000 after purchasing an additional 73,000 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Everspin Tech by 25.7% in the 1st quarter. Sei Investments Co. now owns 66,202 shares of the business services provider’s stock worth $582,000 after purchasing an additional 13,516 shares in the last quarter. State of Wyoming purchased a new position in shares of Everspin Tech in the 1st quarter worth about $189,000. Finally, Dimensional Fund Advisors LP boosted its holdings 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 worth $3,594,000 after purchasing an additional 46,929 shares in the last quarter. 44.68% of the stock is currently owned by hedge funds and other institutional investors.

Everspin Tech Company Profile

(Get Free Report)

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.