Charles Schwab Investment Management Inc. Increases Holdings in Everspin Technologies, Inc. (NASDAQ:MRAM)

Charles Schwab Investment Management Inc. raised its holdings in shares of Everspin Technologies, Inc. (NASDAQ:MRAM) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,283 shares of the business services provider’s stock after acquiring an additional 5,059 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.27% of Everspin Technologies worth $379,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in MRAM. Barclays PLC lifted its stake in Everspin Technologies by 157.9% during the third quarter. Barclays PLC now owns 52,654 shares of the business services provider’s stock worth $310,000 after purchasing an additional 32,240 shares during the last quarter. Jane Street Group LLC acquired a new stake in Everspin Technologies during the third quarter worth approximately $82,000. Geode Capital Management LLC lifted its position in shares of Everspin Technologies by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 412,879 shares of the business services provider’s stock worth $2,437,000 after buying an additional 1,941 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Everspin Technologies by 49.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 58,668 shares of the business services provider’s stock valued at $346,000 after buying an additional 19,367 shares in the last quarter. Finally, State Street Corp grew its position in shares of Everspin Technologies by 1.5% in the 3rd quarter. State Street Corp now owns 219,393 shares of the business services provider’s stock valued at $1,294,000 after buying an additional 3,298 shares during the last quarter. Hedge funds and other institutional investors own 44.68% of the company’s stock.

Insider Activity

In related news, CEO Sanjeev Aggarwal sold 35,142 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $5.37, for a total value of $188,712.54. Following the transaction, the chief executive officer now owns 654,828 shares in the company, valued at $3,516,426.36. The trade was a 5.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 6.10% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Everspin Technologies from a “buy” rating to a “hold” rating in a research report on Friday, February 28th.

Everspin Technologies Stock Up 0.4 %

NASDAQ:MRAM opened at $5.10 on Tuesday. Everspin Technologies, Inc. has a 52-week low of $4.89 and a 52-week high of $8.17. The stock’s 50 day moving average price is $5.66 and its 200 day moving average price is $5.99. The company has a market capitalization of $112.92 million, a PE ratio of 85.00 and a beta of 0.79.

Everspin Technologies (NASDAQ:MRAM) last announced its earnings results on Wednesday, February 26th. The business services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $13.20 million during the quarter, compared to analyst estimates of $12.50 million. Everspin Technologies had a net margin of 2.85% and a return on equity of 2.74%.

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.