Everspin Technologies
MRAM

$6.25

1.57%

Market Cap: 135M

About: Everspin Technologies Inc is a provider of Magnetoresistive Random Access Memory (MRAM) products. Its portfolio of MRAM technologies, including Toggle MRAM and Spin-transfer Torque MRAM (STT-MRAM), delivers superior performance, persistence, and reliability in non-volatile memories that transform how mission-critical data is protected against power loss. The company derives revenue from the sale of MRAM-based products in discrete unit form, licenses of and royalties on MRAM and magnetic sensor technology, the sale of backend foundry services, and design services to third parties. It recognizes revenue in three primary geographic regions; North America; Europe, the Middle East, and Africa (EMEA); and Asia-Pacific (APAC).

Employees: 83

Information Technology Semiconductors & Related Devices

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 3 analysts

0

News positive %

of 5 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

1.11% more ownership

Funds ownership: 45.1% [Q4 2023] → 46.21% (+1.11%) [Q1 2024]

8% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 26

3% less funds holding

Funds holding: 75 [Q4 2023] → 73 (-2) [Q1 2024]

9% less capital invested

Capital invested by funds: $85.7M [Q4 2023] → $77.7M (-$8.02M) [Q1 2024]

15% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 13

92% less call options, than puts

Call options by funds: $292K | Put options by funds: $3.59M

100% less funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 0 (-1) [Q1 2024]

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$8

28%

upside

Avg. target

$10

60%

upside

High target

$12

92%

upside

3 analyst ratings

3 positive

100%

0 neutral

0%

0 negative

0%

Craig-Hallum Richard Shannon	60%upside $10	Buy Maintained	2 May 2024
Needham Quinn Bolton	28%upside $8	Buy Maintained	2 May 2024
Needham Quinn Bolton	92%upside $12	Buy Reiterated	29 Feb 2024

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about MRAM published over the past 30 days

Everspin Announces Contract to Provide MRAM Technology for Strategic Radiation Hardened FPGA

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced a new strategic contract with QuickLogic Corporation (NASDAQ: QUIK). “Everspin is pleased to continue its collaboration with its partners QuickLogic and Honeywell to integrate MRAM directly into the FPGA product to support the DoD,” said Sanjeev Aggarwal, President Technologies an.

Everspin Announces Contract to Provide MRAM Technology for Strategic Radiation Hardened FPGA

Everspin Technologies Announces Date of Second Quarter 2024 Financial Results Conference Call

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, will release its second quarter 2024 financial results after market close on Wednesday, July 31, 2024. Sanjeev Aggarwal, President and Chief Executive Officer, and Matt Tenorio, Interim Chief Financial Officer, will host a conference call on Wednesday, July 31 at 5:00 p.m. Eastern Time to discuss.

Everspin Technologies Announces Date of Second Quarter 2024 Financial Results Conference Call

Everspin Technologies Announces Departure of Chief Financial Officer

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced that Matthew Tenorio has been appointed Interim Chief Financial Officer, effective July 18, 2024. Tenorio succeeds Anuj Aggarwal, who is leaving Everspin July 26, 2024, to pursue other opportunities. Everspin has initiated a search to identify a permanent CFO. Tenorio rejoined Eve.

Everspin Technologies Announces Departure of Chief Financial Officer

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Everspin Technologies to Join Russell 2000 ® Index

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced its inclusion in the Russell 2000® Index as part of the annual reconstitution of the Russell stock indexes. This inclusion was effective at the opening of U.S. equity markets on Monday, July 1, 2024, based on the preliminary list of additions posted on Friday, May 24, 2024. The an.

Everspin Technologies to Join Russell 2000 ® Index

Everspin Technologies Announces Updated Presentation Time at the Maxim Virtual TMT Conference

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, announced that its presentation time at the Maxim Virtual TMT Conference has been changed. Everspin is now scheduled to present on Wednesday, June 5, 2024 at approximately 1:30 p.m. Eastern Time. A live webcast, as well as a replay, of the presentation will be available on the company's investor.

Everspin Technologies Announces Updated Presentation Time at the Maxim Virtual TMT Conference

Everspin Technologies to Present at Upcoming Investor Conferences

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, announced that Sanjeev Aggarwal, President and Chief Executive Officer, will present at each of the following investor conferences: Event: Maxim Virtual TMT Conference Format: Fireside Chat When: Wednesday, June 5 Time: 9:30 a.m. Eastern Time Event: Baird Global Consumer, Technology, Services Con.

Everspin Technologies to Present at Upcoming Investor Conferences

Everspin: Potential AI Buildout Beneficiary, With Giveaway Valuation

Everspin Technologies is a leading semiconductor firm specializing in "electron spin" memory storage, offering advantages such as energy efficiency and data retention. The company experienced a dip in MRAM sales during early 2024, but has secured a major design win at IBM for its "hardened" inventions. A super-low enterprise valuation, especially measured against tangible book value, should reduce downside investment risk from $6 a share.

Everspin: Potential AI Buildout Beneficiary, With Giveaway Valuation

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EY Announces Sanjeev Aggarwal of Everspin Technologies as an Entrepreneur Of The Year® 2024 Pacific Southwest Award Finalist

CHANDLER, Ariz.--(BUSINESS WIRE)--Ernst & Young LLP (EY US) today announced that President and CEO Sanjeev Aggarwal of Everspin Technologies was named an Entrepreneur Of The Year® 2024 Pacific Southwest Award finalist. Now in its 38th year, Entrepreneur Of The Year is the preeminent competitive business award for audacious leaders who disrupt markets, revolutionize sectors and have a transformational impact on lives. Over the past four decades, the program has recognized the daring entrepre.

EY Announces Sanjeev Aggarwal of Everspin Technologies as an Entrepreneur Of The Year® 2024 Pacific Southwest Award Finalist

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