Everspin Technologies (MRAM)

• Market cap: $137M
• 1 day: -2.04%
• 5 days: -6.32%
• 1 month: 3.15%
• 3 months: 3.83%
• 6 months: 4.18%
• Year to date: -28.72%
• 1 year: -29.04%
• 5 years: 11.85%
• 10 years: -22.32%
• Sector: Information Technology
• Industry: Semiconductors & Related Devices

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 Q3 regulatory filings by fund managers ($100M+ AUM)

27% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 15

6% more funds holding

Funds holding: 64 [Q2] → 68 (+4) [Q3]

0.56% less ownership

Funds ownership: 45.6% [Q2] → 45.05% (-0.56%) [Q3]

2% less capital invested

Capital invested by funds: $58.8M [Q2] → $57.8M (-$998K) [Q3]

13% less call options, than puts

Call options by funds: $111K | Put options by funds: $128K

29% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 21

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $8 28% upside
• Avg. target: $8 28% upside
• High target: $8 28% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Needham Quinn Bolton 50% 1-year accuracy 66 / 131 met price target

28% upside $8

Buy Reiterated

31 Oct 2024