Everspin TechnologiesMRAM
Market Cap: $113M
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
15% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 20
1.09% less ownership
Funds ownership: 46.46% [Q1] → 45.37% (-1.09%) [Q2]
12% less funds holding
Funds holding: 73 [Q1] → 64 (-9) [Q2]
25% less capital invested
Capital invested by funds: $78.1M [Q1] → $58.5M (-$19.6M) [Q2]
36% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 25
98% less call options, than puts
Call options by funds: $32K | Put options by funds: $2.13M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Needham Quinn Bolton 34% 1-year accuracy 44 / 130 met price target | 54%upside $8 | Buy Reiterated | 1 Aug 2024 |