Everspin Tech (NASDAQ:MRAM) Sets New 52-Week High Following Analyst Upgrade

Key Points

• New 52-week high: Everspin (NASDAQ:MRAM) surged to a 52-week high after Needham & Company raised its price target from $14 to $18.50 and maintained a Buy rating, with the stock trading as high as $22.69 and last around $21.19 on heavy volume.
• Mixed fundamentals: The company won a roughly $40 million, ~2.5‑year subcontract for mil‑aero MRAM and posted a Q1 revenue and EPS beat with Q2 revenue guidance of $15.5–$16.5M, but management cut Q2 EPS guidance to $0.00–$0.03 and flagged rising costs.
• Analyst and ownership context: MarketBeat shows a consensus rating of Hold (one Buy, one Sell) with a $18.50 target; CEO Sanjeev Aggarwal disclosed a sale of 19,440 shares and institutional investors own about 44.7% of the company.

Everspin Tech (NASDAQ:MRAM - Get Free Report) hit a new 52-week high during trading on Friday after Needham & Company LLC raised their price target on the stock from $14.00 to $18.50. Needham & Company LLC currently has a buy rating on the stock. Everspin Tech traded as high as $22.69 and last traded at $21.1880, with a volume of 1279052 shares traded. The stock had previously closed at $18.28.

MRAM has been the topic of a number of other research reports. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Everspin Tech in a research note on Friday, March 27th. Wall Street Zen cut shares of Everspin Tech from a "buy" rating to a "hold" rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $18.50.

Insider Transactions at Everspin Tech

In related news, CEO Sanjeev Aggarwal sold 19,440 shares of Everspin Tech stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $9.20, for a total value of $178,848.00. Following the sale, the chief executive officer owned 847,881 shares of the company's stock, valued at approximately $7,800,505.20. This trade represents a 2.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.30% of the company's stock.

Everspin Tech News Summary

Here are the key news stories impacting Everspin Tech this week:

• Positive Sentiment: Won a $40 million, ~2.5‑year subcontract with a U.S. prime contractor to supply Toggle MRAM capabilities for mil‑aero/defense programs — this gives multi-year revenue visibility and supports backlog for specialized MRAM applications. BusinessWire: Everspin Executes $40M Agreement
• Positive Sentiment: Q1 results topped expectations on revenue and EPS with strength in Industrial Automation, Transportation and Data Center end markets — the “double beat” narrative helped lift sentiment. MSN: Everspin stock rallies on double beat, $40M contract
• Positive Sentiment: Analyst support: Needham raised its price target to $18.50 and kept a Buy rating, signaling increased analyst conviction that the defense win and revenue trajectory justify a higher valuation. American Banking News: Needham Forecast
• Neutral Sentiment: Company issued Q2 revenue guidance of $15.5M–$16.5M (above consensus) — this improves top‑line visibility but must be weighed against margin/earnings guidance. Seeking Alpha: Q2 revenue forecast & subcontract
• Neutral Sentiment: Unusually large options activity (roughly 6,049 calls, ~346% above normal) suggests short‑term bullish/speculative positioning that can amplify intraday moves but may not reflect fundamentals.
• Negative Sentiment: Q2 EPS guidance was cut to $0.00–$0.03 vs. consensus ~ $0.07, and management flagged rising costs — this pressures near‑term margins and explains why some investors look past the revenue beat. BusinessWire: Q1 Results & Guidance

Institutional Investors Weigh In On Everspin Tech

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Herald Investment Management Ltd boosted its stake in Everspin Tech by 18.5% during the 3rd quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider's stock worth $7,416,000 after purchasing an additional 125,000 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Everspin Tech during the 3rd quarter worth $433,000. Thompson Davis & CO. Inc. acquired a new stake in Everspin Tech during the 3rd quarter worth $131,000. 683 Capital Management LLC acquired a new stake in Everspin Tech during the 4th quarter worth $1,020,000. Finally, Kestra Advisory Services LLC acquired a new stake in Everspin Tech during the 4th quarter worth $41,000. Institutional investors and hedge funds own 44.68% of the company's stock.

Everspin Tech Stock Performance

The firm's 50 day simple moving average is $10.59 and its 200-day simple moving average is $10.43. The company has a market cap of $511.05 million, a price-to-earnings ratio of 2,173.27 and a beta of 0.94.

Everspin Tech (NASDAQ:MRAM - Get Free Report) last announced its earnings results on Wednesday, April 29th. The business services provider reported $0.11 earnings per share (EPS) for the quarter. Everspin Tech had a net margin of 0.50% and a return on equity of 4.85%. The company had revenue of $14.87 million for the quarter, compared to analysts' expectations of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

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.

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