Jane Street Group LLC Buys New Shares in Everspin Technologies, Inc. (NASDAQ:MRAM)

Jane Street Group LLC purchased a new stake in shares of Everspin Technologies, Inc. (NASDAQ:MRAM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,910 shares of the business services provider’s stock, valued at approximately $82,000. Jane Street Group LLC owned 0.06% of Everspin Technologies at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp lifted its stake in shares of Everspin Technologies by 1.5% in the third quarter. State Street Corp now owns 219,393 shares of the business services provider’s stock worth $1,294,000 after acquiring an additional 3,298 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Everspin Technologies by 222.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,599 shares of the business services provider’s stock worth $122,000 after acquiring an additional 14,220 shares during the period. Eastern Bank bought a new stake in Everspin Technologies during the 3rd quarter valued at $50,000. Mackenzie Financial Corp acquired a new stake in shares of Everspin Technologies in the 2nd quarter worth approximately $70,000. Finally, Dimensional Fund Advisors LP boosted its stake in Everspin Technologies by 15.9% during the second quarter. Dimensional Fund Advisors LP now owns 407,444 shares of the business services provider’s stock valued at $2,440,000 after buying an additional 55,772 shares in the last quarter. Institutional investors and hedge funds own 44.68% of the company’s stock.

Everspin Technologies Stock Up 4.2 %

NASDAQ:MRAM opened at $6.52 on Thursday. The firm has a 50-day moving average price of $6.26 and a 200 day moving average price of $6.03. Everspin Technologies, Inc. has a 12-month low of $4.89 and a 12-month high of $9.39. The firm has a market capitalization of $143.26 million, a PE ratio of 108.67 and a beta of 0.90.

Wall Street Analyst Weigh In

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

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.