Everspin Technologies, Inc manufactures and sells magnetoresistive random access memory (MRAM) products to customers in the United States, Japan, China, Germany, Singapore, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and embedded MRAM products, as well as magnetic sensors and aerospace and satellite electronic systems. The company provides its products for applications, including data center, industrial, automotive, transportation, and enterprise storage markets.
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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
Employees95
Next Earnings Date11/14/2019 (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) issued its earnings results on Wednesday, August, 7th. The business services provider reported ($0.21) EPS for the quarter, topping analysts' consensus estimates of ($0.25) by $0.04. The business services provider had revenue of $8.60 million for the quarter, compared to the consensus estimate of $8.40 million. Everspin Technologies had a negative net margin of 22.86% and a negative return on equity of 41.98%. Everspin Technologies's quarterly revenue was down 20.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.40) earnings per share. 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 third quarter earnings guidance on Wednesday, August, 7th. The company provided EPS guidance of ($0.21)-(0.17) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.25). The company issued revenue guidance of $8.5-9 million, compared to the consensus revenue estimate of $9.50 million.
What price target have analysts set for MRAM?
1 brokerages have issued 1-year target prices for Everspin Technologies' stock. Their predictions range from $14.00 to $14.00. On average, they expect Everspin Technologies' stock price to reach $14.00 in the next year. This suggests a possible upside of 112.8% 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. 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. " (7/18/2019)
- 2. 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)
Has Everspin Technologies been receiving favorable news coverage?
Media coverage about MRAM stock has trended somewhat positive recently, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Everspin Technologies earned a coverage optimism score of 0.9 on InfoTrie's scale. They also gave news headlines about the business services provider a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Everspin Technologies.
Who are some of Everspin Technologies' key competitors?
Some companies that are related to Everspin Technologies include Himax Technologies (HIMX), Magnachip Semiconductor (MX), NVE (NVEC), Adesto Technologies (IOTS), DSP Group (DSPG), NeoPhotonics (NPTN), Alpha and Omega Semiconductor (AOSL), Applied Optoelectronics (AAOI), GSI Technology (GSIT), AXT (AXTI), Pixelworks (PXLW), Resonant (RESN), EMCORE (EMKR), Sequans Communications (SQNS) and POET Technologies (POETF).
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)
- Dr. Sanjeev Aggarwal, VP of Technology R&D (Age 52)
When did Everspin Technologies IPO?
(MRAM) raised $46 million in an IPO on Friday, October 7th 2016. The company issued 3,800,000 shares at $11.00-$13.00 per share. Stifel and Needham & Company acted 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 retail and institutional investors. Top institutional shareholders include Raging Capital Management LLC (7.22%), Vanguard Group Inc. (2.64%), Royal Bank of Canada (1.69%), BlackRock Inc. (1.46%), Handelsinvest Investeringsforvaltning (0.93%) and D. E. Shaw & Co. Inc. (0.33%). Company insiders that own Everspin Technologies stock include Jeffrey G Winzeler, Kevin Conley, Michael B Gustafson, Sanjeev Aggarwal and Thomas Andre. View Institutional Ownership Trends for Everspin Technologies.
Which institutional investors are selling Everspin Technologies stock?
MRAM stock was sold by a variety of institutional investors in the last quarter, including Raging Capital Management LLC, Vanguard Group Inc., Susquehanna International Group LLP, LPL Financial LLC and Morgan Stanley. Company insiders that have sold Everspin Technologies company stock in the last year include Jeffrey G Winzeler and Sanjeev Aggarwal. View Insider Buying and Selling for Everspin Technologies.
Which institutional investors are buying Everspin Technologies stock?
MRAM stock was acquired by a variety of institutional investors in the last quarter, including Royal Bank of Canada, D.A. Davidson & CO., BlackRock Inc., Handelsinvest Investeringsforvaltning, D. E. Shaw & Co. Inc. and Wells Fargo & Company MN. 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, Robinhood, Fidelity and Charles Schwab.
What is Everspin Technologies' stock price today?
One share of MRAM stock can currently be purchased for approximately $6.58.
How big of a company is Everspin Technologies?
Everspin Technologies has a market capitalization of $112.85 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. Everspin Technologies employs 95 workers across the globe.View Additional Information About Everspin Technologies.
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.
