Everspin Technologies, Inc. (NASDAQ:MRAM) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Everspin Technologies, Inc. (NASDAQ:MRAM) by 0.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 412,879 shares of the business services provider’s stock after purchasing an additional 1,941 shares during the quarter. Geode Capital Management LLC owned 1.88% of Everspin Technologies worth $2,437,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MRAM. Bank of New York Mellon Corp lifted its stake in Everspin Technologies by 75.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 113,655 shares of the business services provider’s stock valued at $681,000 after acquiring an additional 49,032 shares during the period. Rhumbline Advisers purchased a new position in shares of Everspin Technologies during the second quarter worth $129,000. Acadian Asset Management LLC lifted its position in Everspin Technologies by 17.0% during the second quarter. Acadian Asset Management LLC now owns 835,824 shares of the business services provider’s stock valued at $5,003,000 after purchasing an additional 121,717 shares during the period. Herald Investment Management Ltd boosted its holdings in Everspin Technologies by 41.7% in the second quarter. Herald Investment Management Ltd now owns 474,817 shares of the business services provider’s stock valued at $2,835,000 after purchasing an additional 139,817 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Everspin Technologies by 15.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 407,444 shares of the business services provider’s stock worth $2,440,000 after purchasing an additional 55,772 shares during the period. Hedge funds and other institutional investors own 44.68% of the company’s stock.

Everspin Technologies Stock Down 1.4 %

MRAM stock opened at $6.50 on Wednesday. Everspin Technologies, Inc. has a 52-week low of $4.89 and a 52-week high of $9.39. The firm has a market cap of $142.82 million, a P/E ratio of 108.33 and a beta of 0.90. The company’s 50-day simple moving average is $6.24 and its 200-day simple moving average is $6.02.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. StockNews.com raised Everspin Technologies from a “hold” rating to a “buy” rating in a report on Saturday, December 28th. Needham & Company LLC restated a “buy” rating and issued a $8.00 price objective on shares of Everspin Technologies in a research report on Thursday, October 31st.

About Everspin Technologies

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.