Everspin Technologies, Inc. (NASDAQ:MRAM) Shares Acquired by Barclays PLC

Barclays PLC boosted its stake in Everspin Technologies, Inc. (NASDAQ:MRAM) by 157.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,654 shares of the business services provider’s stock after buying an additional 32,240 shares during the period. Barclays PLC owned 0.24% of Everspin Technologies worth $310,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MRAM. Eastern Bank acquired a new stake in shares of Everspin Technologies in the 3rd quarter worth about $50,000. Mackenzie Financial Corp bought a new position in Everspin Technologies in the 2nd quarter worth about $70,000. Jane Street Group LLC acquired a new stake in shares of Everspin Technologies in the third quarter valued at approximately $82,000. BNP Paribas Financial Markets increased its stake in shares of Everspin Technologies by 222.9% in the third quarter. BNP Paribas Financial Markets now owns 20,599 shares of the business services provider’s stock valued at $122,000 after purchasing an additional 14,220 shares during the period. Finally, Rhumbline Advisers bought a new stake in shares of Everspin Technologies during the second quarter valued at approximately $129,000. 44.68% of the stock is currently owned by institutional investors.

Everspin Technologies Price Performance

NASDAQ MRAM opened at $6.47 on Friday. The firm has a market capitalization of $142.16 million, a PE ratio of 107.83 and a beta of 0.90. Everspin Technologies, Inc. has a 12 month low of $4.89 and a 12 month high of $9.39. The company’s 50 day simple moving average is $6.24 and its 200 day simple moving average is $6.01.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. StockNews.com upgraded Everspin Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, December 28th. Needham & Company LLC reissued a “buy” rating and set a $8.00 price target on shares of Everspin Technologies in a report on Thursday, October 31st.

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.