Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) products to customers in the United States and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, embedded MRAM, magnetic sensor, and aerospace and satellite electronic systems. The company provides its products for applications, including industrial, automotive, transportation, and enterprise storage markets. It serves customers through a direct sales channel and a network of representatives and distributors. Everspin Technologies, Inc. was incorporated in 2008 and is headquartered in Chandler, Arizona.
Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustryN/A
SectorBusiness Services
Phone480-347-1111
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$49.42 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date5/8/2019 (Estimated)
OptionableNot Optionable
Everspin Technologies (NASDAQ:MRAM) Frequently Asked Questions
What is Everspin Technologies' stock symbol?
Everspin Technologies trades on the NASDAQ under the ticker symbol "MRAM."
How were Everspin Technologies' earnings last quarter?
Everspin Technologies Inc (NASDAQ:MRAM) released its quarterly earnings results on Thursday, March, 14th. The business services provider reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.03. The business services provider earned $12.30 million during the quarter, compared to the consensus estimate of $12 million. Everspin Technologies had a negative net margin of 34.40% and a negative return on equity of 56.59%. Everspin Technologies's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.35) EPS. View Everspin Technologies' Earnings History.
When is Everspin Technologies' next earnings date?
What guidance has Everspin Technologies issued on next quarter's earnings?
Everspin Technologies issued an update on its first quarter earnings guidance on Thursday, March, 14th. The company provided earnings per share guidance of (-0.28)-(-0.24) for the period, compared to the Thomson Reuters consensus estimate of ($0.28). The company issued revenue guidance of $9.5-9.9 million, compared to the consensus revenue estimate of $12.43 million.Everspin Technologies also updated its Q1 2019 guidance to $-0.28--0.24 EPS.
What price target have analysts set for MRAM?
1 brokerages have issued 1-year price objectives for Everspin Technologies' shares. Their forecasts range from $14.00 to $14.00. On average, they expect Everspin Technologies' stock price to reach $14.00 in the next twelve months. This suggests a possible upside of 96.9% from the stock's current price. View Analyst Price Targets for Everspin Technologies.
What is the consensus analysts' recommendation for Everspin Technologies?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Everspin Technologies in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Everspin Technologies.
What are Wall Street analysts saying about Everspin Technologies stock?
Here are some recent quotes from research analysts about Everspin Technologies stock:
- 1. Needham & Company LLC analysts commented, "Everspin is up ~35% over the past two days on news that Intel was integrating embedded MRAM into its 22nm FinFET CMOS technology on full 300mm wafers. We don’t know if Intel is using the Everspin’s technology but Intel’s decision certainly validates the MRAM technology, which has been the crux of the investment theme. Everspin has a licensing agreement with Global Foundries to embedded MRAM on its 22nm FD-SOI technology. We believe the major MCU suppliers will eventually replace eFlash with MRAM targeting IoT and automotive applications as it has higher endurance and faster write cycles." (2/20/2019)
- 2. According to Zacks Investment Research, "Everspin Technologies, Inc. is involved in designing, manufacturing and commercially shipping discrete and embedded Magnetoresistive RAM and Spin-Torque MRAM. It serves data center, cloud storage, energy, industrial, automotive and transportation markets. Everspin Technologies, Inc. is headquartered in Chandler, Arizona. " (1/9/2019)
Has Everspin Technologies been receiving favorable news coverage?
News coverage about MRAM stock has been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Everspin Technologies earned a news sentiment score of -1.1 on InfoTrie's scale. They also assigned news headlines about the business services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days.
Who are some of Everspin Technologies' key competitors?
Some companies that are related to Everspin Technologies include Ichor (ICHR), JinkoSolar (JKS), NVE (NVEC), Ultra Clean (UCTT), Daqo New Energy (DQ), DSP Group (DSPG), Aquantia (AQ), NeoPhotonics (NPTN), Magnachip Semiconductor (MX), Alpha and Omega Semiconductor (AOSL), Applied Optoelectronics (AAOI), AXT (AXTI), GSI Technology (GSIT), Adesto Technologies (IOTS) and Pixelworks (PXLW).
What other stocks do shareholders of Everspin Technologies own?
Who are Everspin Technologies' key executives?
Everspin Technologies' management team includes the folowing people:
- Mr. Kevin Conley, CEO, Pres & Director (Age 62)
- Mr. Jeffrey G. Winzeler, CFO & Sec. (Age 59)
- Mr. Angelo V. Ugge, VP of Bus. Devel. & Operations (Age 72)
- Mr. Norman L. Armour, VP of Operations (Age 61)
- Mr. Rizwan Ahmed, VP of Marketing
When did Everspin Technologies IPO?
(MRAM) raised $46 million in an initial public offering (IPO) on Friday, October 7th 2016. The company issued 3,800,000 shares at $11.00-$13.00 per share. Stifel and Needham & Company served as the underwriters for the IPO and Canaccord Genuity and Craig-Hallum Capital Group were co-managers.
Who are Everspin Technologies' major shareholders?
Everspin Technologies' stock is owned by a number of of institutional and retail investors. Top institutional investors include Raging Capital Management LLC (8.69%), Handelsbanken Fonder AB (3.66%), BlackRock Inc. (1.15%), UBS Oconnor LLC (0.88%), UBS Oconnor LLC (0.88%) and Stifel Financial Corp (0.17%). Company insiders that own Everspin Technologies stock include Kevin Conley, Michael B Gustafson and Thomas Andre. View Institutional Ownership Trends for Everspin Technologies.
Which institutional investors are selling Everspin Technologies stock?
Which institutional investors are buying Everspin Technologies stock?
MRAM stock was bought by a variety of institutional investors in the last quarter, including Raging Capital Management LLC, Handelsbanken Fonder AB, D. E. Shaw & Co. Inc., Bank of New York Mellon Corp, BlackRock Inc. and Virtu Financial LLC. Company insiders that have bought Everspin Technologies stock in the last two years include Kevin Conley and Michael B Gustafson. View Insider Buying and Selling for Everspin Technologies.
How do I buy shares of Everspin Technologies?
Shares of MRAM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Everspin Technologies' stock price today?
One share of MRAM stock can currently be purchased for approximately $7.11.
How big of a company is Everspin Technologies?
Everspin Technologies has a market capitalization of $121.58 million and generates $49.42 million in revenue each year. The business services provider earns $-17,750,000.00 in net income (profit) each year or ($1.08) on an earnings per share basis.
What is Everspin Technologies' official website?
How can I contact Everspin Technologies?
Everspin Technologies' mailing address is 5670 W. CHANDLER BOULEVARD SUITE 100, CHANDLER AZ, 85226. The business services provider can be reached via phone at 480-347-1111.
MarketBeat Community Rating for Everspin Technologies (NASDAQ MRAM)
MarketBeat's community ratings are surveys of what our community members think about Everspin Technologies and other stocks. Vote "Outperform" if you believe MRAM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MRAM will underperform the S&P 500 over the long term. You may vote once every thirty days.
