Jane Street Group LLC Takes $82,000 Position in Everspin Technologies, Inc. (NASDAQ:MRAM)

Jane Street Group LLC acquired a new stake in Everspin Technologies, Inc. (NASDAQ:MRAM) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 13,910 shares of the business services provider’s stock, valued at approximately $82,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Everspin Technologies by 1.5% during the third quarter. State Street Corp now owns 219,393 shares of the business services provider’s stock worth $1,294,000 after purchasing an additional 3,298 shares during the period. BNP Paribas Financial Markets boosted 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 valued at $122,000 after buying an additional 14,220 shares during the last quarter. Eastern Bank acquired a new stake in shares of Everspin Technologies in the third quarter valued at approximately $50,000. Mackenzie Financial Corp bought a new position in Everspin Technologies in the 2nd quarter valued at about $70,000. Finally, Dimensional Fund Advisors LP increased its position 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 worth $2,440,000 after acquiring an additional 55,772 shares during the period. Institutional investors and hedge funds own 44.68% of the company’s stock.

Analyst Ratings Changes

MRAM has been the subject of a number of analyst reports. StockNews.com raised Everspin Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, December 28th. Needham & Company LLC reissued a “buy” rating and set a $8.00 price target on shares of Everspin Technologies in a research note on Thursday, October 31st.

Everspin Technologies Stock Performance

NASDAQ:MRAM opened at $6.52 on Thursday. The company has a market capitalization of $143.26 million, a PE ratio of 108.67 and a beta of 0.90. Everspin Technologies, Inc. has a fifty-two week low of $4.89 and a fifty-two week high of $9.39. The company has a 50 day simple moving average of $6.26 and a two-hundred day simple moving average of $6.03.

Everspin Technologies 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.