BNP Paribas Financial Markets Grows Position in Everspin Technologies, Inc. (NASDAQ:MRAM)

BNP Paribas Financial Markets increased its holdings in Everspin Technologies, Inc. (NASDAQ:MRAM) by 222.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 20,599 shares of the business services provider’s stock after purchasing an additional 14,220 shares during the period. BNP Paribas Financial Markets’ holdings in Everspin Technologies were worth $122,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Acadian Asset Management LLC grew its stake in shares of Everspin Technologies by 17.0% in the second quarter. Acadian Asset Management LLC now owns 835,824 shares of the business services provider’s stock worth $5,003,000 after acquiring an additional 121,717 shares during the period. Herald Investment Management Ltd boosted its holdings in Everspin Technologies by 41.7% in the second quarter. Herald Investment Management Ltd now owns 474,817 shares of the business services provider’s stock worth $2,835,000 after purchasing an additional 139,817 shares during the last quarter. Bank of New York Mellon Corp grew its position in Everspin Technologies by 75.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 113,655 shares of the business services provider’s stock worth $681,000 after purchasing an additional 49,032 shares during the period. Rhumbline Advisers purchased a new stake in Everspin Technologies during the 2nd quarter valued at $129,000. Finally, Dimensional Fund Advisors LP raised its stake in Everspin Technologies by 15.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 407,444 shares of the business services provider’s stock valued at $2,440,000 after buying an additional 55,772 shares during the last quarter. Hedge funds and other institutional investors own 44.68% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on MRAM. StockNews.com downgraded Everspin Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, December 12th. Needham & Company LLC reissued a “buy” rating and issued a $8.00 target price on shares of Everspin Technologies in a research report on Thursday, October 31st.

Everspin Technologies Trading Up 2.2 %

Shares of NASDAQ MRAM opened at $6.37 on Thursday. Everspin Technologies, Inc. has a 12-month low of $4.89 and a 12-month high of $9.43. The firm has a market capitalization of $139.96 million, a price-to-earnings ratio of 106.17 and a beta of 0.90. The firm has a 50 day moving average of $6.20 and a 200 day moving average of $5.97.

Insider Transactions at Everspin Technologies

In other news, CEO Sanjeev Aggarwal sold 17,523 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $5.54, for a total value of $97,077.42. Following the transaction, the chief executive officer now owns 440,215 shares of the company’s stock, valued at $2,438,791.10. This trade represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 21,610 shares of company stock worth $121,005 in the last 90 days. 6.10% of the stock is currently owned by insiders.

About Everspin Technologies

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.