Everspin Technologies, Inc. (NASDAQ:MRAM) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in Everspin Technologies, Inc. (NASDAQ:MRAM) by 4.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 95,090 shares of the business services provider’s stock after selling 3,935 shares during the quarter. Bank of New York Mellon Corp’s holdings in Everspin Technologies were worth $608,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in shares of Everspin Technologies in the 3rd quarter valued at $82,000. BNP Paribas Financial Markets boosted its position in Everspin Technologies by 222.9% during the 3rd 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. Total Clarity Wealth Management Inc. acquired a new stake in Everspin Technologies in the 4th quarter valued at $162,000. Barclays PLC raised its position in Everspin Technologies by 157.9% in the third quarter. Barclays PLC now owns 52,654 shares of the business services provider’s stock valued at $310,000 after purchasing an additional 32,240 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Everspin Technologies by 49.3% during the third quarter. JPMorgan Chase & Co. now owns 58,668 shares of the business services provider’s stock worth $346,000 after purchasing an additional 19,367 shares in the last quarter. 44.68% of the stock is owned by institutional investors and hedge funds.

Everspin Technologies Trading Down 0.6 %

NASDAQ MRAM opened at $5.12 on Thursday. The stock has a market cap of $113.36 million, a P/E ratio of 85.33 and a beta of 0.79. The company’s fifty day simple moving average is $5.74 and its 200-day simple moving average is $5.99. Everspin Technologies, Inc. has a 52 week low of $4.89 and a 52 week high of $8.17.

Everspin Technologies (NASDAQ:MRAM) last issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $13.20 million during the quarter, compared to analyst estimates of $12.50 million. Everspin Technologies had a return on equity of 2.74% and a net margin of 2.85%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Everspin Technologies from a “buy” rating to a “hold” rating in a research note on Friday, February 28th.

Insider Activity at Everspin Technologies

In other Everspin Technologies news, CEO Sanjeev Aggarwal sold 35,142 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $5.37, for a total value of $188,712.54. Following the transaction, the chief executive officer now directly owns 654,828 shares of the company’s stock, valued at $3,516,426.36. This represents a 5.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 6.10% of the stock is currently owned by company insiders.

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.