D. E. Shaw & Co. Inc. Decreases Stock Holdings in Everspin Technologies, Inc. (NASDAQ:MRAM)

D. E. Shaw & Co. Inc. trimmed its stake in Everspin Technologies, Inc. (NASDAQ:MRAM - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 623,205 shares of the business services provider's stock after selling 89,552 shares during the period. D. E. Shaw & Co. Inc. owned 2.84% of Everspin Technologies worth $3,982,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Wells Fargo & Company MN raised its stake in Everspin Technologies by 42.3% in the fourth quarter. Wells Fargo & Company MN now owns 10,635 shares of the business services provider's stock worth $68,000 after buying an additional 3,159 shares in the last quarter. Barclays PLC raised its position in shares of Everspin Technologies by 6.4% in the 4th quarter. Barclays PLC now owns 56,004 shares of the business services provider's stock worth $357,000 after acquiring an additional 3,350 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Everspin Technologies by 9.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,283 shares of the business services provider's stock worth $379,000 after acquiring an additional 5,059 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Everspin Technologies by 43.0% in the 4th quarter. Bank of America Corp DE now owns 17,251 shares of the business services provider's stock valued at $110,000 after purchasing an additional 5,186 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Everspin Technologies by 4.0% during the fourth quarter. Northern Trust Corp now owns 157,460 shares of the business services provider's stock valued at $1,006,000 after purchasing an additional 6,127 shares in the last quarter. Institutional investors own 44.68% of the company's stock.

Everspin Technologies Stock Down 2.5%

Shares of MRAM stock traded down $0.15 during trading hours on Wednesday, hitting $5.95. 49,458 shares of the company's stock traded hands, compared to its average volume of 117,360. The stock's fifty day simple moving average is $5.32 and its two-hundred day simple moving average is $5.81. Everspin Technologies, Inc. has a 12-month low of $4.34 and a 12-month high of $7.00. The stock has a market cap of $133.68 million, a price-to-earnings ratio of 99.17 and a beta of 0.31.

Everspin Technologies (NASDAQ:MRAM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Everspin Technologies had a net margin of 2.85% and a return on equity of 2.74%. The company had revenue of $13.20 million for the quarter, compared to the consensus estimate of $12.50 million.

Insider Transactions at Everspin Technologies

In other news, CEO Sanjeev Aggarwal sold 16,845 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $5.00, for a total transaction of $84,225.00. Following the sale, the chief executive officer now owns 637,983 shares in the company, valued at $3,189,915. This represents a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David Schrenk sold 20,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $5.70, for a total transaction of $114,000.00. Following the completion of the transaction, the vice president now owns 114,119 shares of the company's stock, valued at approximately $650,478.30. The trade was a 14.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 74,422 shares of company stock valued at $399,429 in the last quarter. 6.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com downgraded Everspin Technologies from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Needham & Company LLC initiated coverage on shares of Everspin Technologies in a research note on Thursday, May 1st. They issued a "buy" rating for the company.

Everspin Technologies Company Profile

Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.