Quadrature Capital Ltd Grows Stock Position in Everspin Technologies, Inc. (NASDAQ:MRAM)

Quadrature Capital Ltd boosted its holdings in Everspin Technologies, Inc. (NASDAQ:MRAM) by 21.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,864 shares of the business services provider’s stock after acquiring an additional 6,609 shares during the quarter. Quadrature Capital Ltd owned about 0.18% of Everspin Technologies worth $342,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Hillsdale Investment Management Inc. grew its holdings in Everspin Technologies by 28.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 222,402 shares of the business services provider’s stock valued at $2,011,000 after purchasing an additional 49,899 shares during the last quarter. Citigroup Inc. acquired a new stake in shares of Everspin Technologies during the third quarter valued at $339,000. Trexquant Investment LP acquired a new stake in shares of Everspin Technologies during the fourth quarter valued at $171,000. Victory Capital Management Inc. boosted its stake in shares of Everspin Technologies by 70.4% during the fourth quarter. Victory Capital Management Inc. now owns 25,535 shares of the business services provider’s stock valued at $231,000 after acquiring an additional 10,547 shares during the last quarter. Finally, Jump Financial LLC boosted its stake in shares of Everspin Technologies by 55.9% during the fourth quarter. Jump Financial LLC now owns 28,899 shares of the business services provider’s stock valued at $261,000 after acquiring an additional 10,357 shares during the last quarter. Hedge funds and other institutional investors own 44.68% of the company’s stock.

Analysts Set New Price Targets

MRAM has been the topic of a number of analyst reports. Needham & Company LLC decreased their price objective on Everspin Technologies from $12.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. StockNews.com raised Everspin Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, May 30th. Finally, Craig Hallum decreased their price target on Everspin Technologies from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd.

Everspin Technologies Price Performance

Everspin Technologies stock opened at $5.90 on Tuesday. The stock’s 50-day moving average is $6.40 and its 200-day moving average is $7.76. The company has a market cap of $126.97 million, a price-to-earnings ratio of 15.95 and a beta of 0.87. Everspin Technologies, Inc. has a 12 month low of $5.54 and a 12 month high of $10.50.

Everspin Technologies (NASDAQ:MRAM) last announced its earnings results on Wednesday, May 1st. The business services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04). The company had revenue of $14.43 million for the quarter. Everspin Technologies had a net margin of 12.77% and a return on equity of 15.70%. During the same quarter in the prior year, the firm posted $0.04 EPS.

Insider Activity at Everspin Technologies

In related news, CFO Anuj Aggarwal sold 12,852 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $7.84, for a total transaction of $100,759.68. Following the sale, the chief financial officer now directly owns 289,924 shares in the company, valued at approximately $2,273,004.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Everspin Technologies news, CFO Anuj Aggarwal sold 12,852 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $7.84, for a total transaction of $100,759.68. Following the completion of the sale, the chief financial officer now owns 289,924 shares in the company, valued at approximately $2,273,004.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Sanjeev Aggarwal sold 17,452 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $7.84, for a total value of $136,823.68. Following the sale, the chief executive officer now owns 476,679 shares of the company’s stock, valued at approximately $3,737,163.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,113 shares of company stock worth $260,597. 6.10% of the stock is currently owned by company insiders.

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.