Everspin Technologies, Inc. (NASDAQ:MRAM) Shares Bought by Barclays PLC

Barclays PLC lifted its holdings in Everspin Technologies, Inc. (NASDAQ:MRAM) by 157.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,654 shares of the business services provider’s stock after purchasing an additional 32,240 shares during the period. Barclays PLC’s holdings in Everspin Technologies were worth $310,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Eastern Bank acquired a new position in Everspin Technologies in the third quarter worth approximately $50,000. Mackenzie Financial Corp bought a new stake in shares of Everspin Technologies during the 2nd quarter worth $70,000. Jane Street Group LLC acquired a new position in shares of Everspin Technologies in the 3rd quarter worth $82,000. BNP Paribas Financial Markets raised its position in shares of Everspin Technologies by 222.9% during the third quarter. BNP Paribas Financial Markets now owns 20,599 shares of the business services provider’s stock worth $122,000 after purchasing an additional 14,220 shares during the period. Finally, Rhumbline Advisers purchased a new stake in shares of Everspin Technologies during the second quarter valued at $129,000. 44.68% of the stock is currently owned by institutional investors.

Everspin Technologies Trading Up 0.9 %

Shares of Everspin Technologies stock opened at $6.47 on Friday. Everspin Technologies, Inc. has a 1 year low of $4.89 and a 1 year high of $9.39. The company has a market cap of $142.16 million, a P/E ratio of 107.83 and a beta of 0.90. The stock has a 50-day moving average price of $6.24 and a 200 day moving average price of $6.01.

Analysts Set New Price Targets

MRAM has been the topic of several recent analyst reports. StockNews.com upgraded Everspin Technologies from a “hold” rating to a “buy” rating in a report on Saturday, December 28th. Needham & Company LLC restated a “buy” rating and set a $8.00 price target on shares of Everspin Technologies in a report on Thursday, October 31st.

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.