Everspin Tech (NASDAQ:MRAM) Trading 8.5% Higher – Here’s What Happened

01 Jun 2026, 15:29 by Danessa Lincoln · The Markets Daily

Everspin Tech (NASDAQ:MRAM – Get Free Report)’s stock price rose 8.5% during trading on Monday . The company traded as high as $28.00 and last traded at $28.6220. Approximately 988,671 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 2,055,082 shares. The stock had previously closed at $26.38.

Wall Street Analyst Weigh In

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

Check Out Our Latest Analysis on MRAM

Everspin Tech Trading Up 10.1%

The business’s 50 day moving average is $18.93 and its 200 day moving average is $13.32. The stock has a market capitalization of $681.25 million, a PE ratio of 2,908.01 and a beta of 1.87.

Everspin Tech (NASDAQ:MRAM – Get Free Report) last announced its quarterly earnings data 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 company had revenue of $14.87 million during the quarter, compared to analyst estimates of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Insider Activity at Everspin Tech

In related news, CEO Sanjeev Aggarwal sold 28,459 shares of Everspin Tech stock in a transaction dated Monday, May 4th. The shares were 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 in the company, valued at $16,044,282.76. This trade represents a 3.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO William Earl Cooper sold 10,000 shares of Everspin Tech stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $29.13, for a total transaction of $291,300.00. Following the sale, the chief financial officer owned 151,030 shares of the company’s stock, valued at $4,399,503.90. The trade was a 6.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 176,499 shares of company stock worth $5,032,220 over the last ninety days. 6.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Everspin Tech

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in Everspin Tech by 783.4% during the 1st quarter. Bank of America Corp DE now owns 219,460 shares of the business services provider’s stock valued at $1,929,000 after buying an additional 194,617 shares in the last quarter. Renaissance Technologies LLC raised 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 valued at $2,939,000 after purchasing an additional 73,000 shares in the last quarter. Sei Investments Co. raised 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 valued at $582,000 after purchasing an additional 13,516 shares in the last quarter. State of Wyoming bought a new stake in shares of Everspin Tech in the 1st quarter valued at about $189,000. Finally, Dimensional Fund Advisors LP raised 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 valued at $3,594,000 after purchasing an additional 46,929 shares in the last quarter. Institutional investors own 44.68% of the company’s stock.

About Everspin Tech

(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.