Bailard Inc. Takes $292,000 Position in Everspin Technologies, Inc. (NASDAQ:MRAM)

Bailard Inc. purchased a new position in shares of Everspin Technologies, Inc. (NASDAQ:MRAM) during the fourth quarter, Holdings Channel reports. The firm purchased 45,732 shares of the business services provider’s stock, valued at approximately $292,000.

Several other institutional investors also recently added to or reduced their stakes in MRAM. Total Clarity Wealth Management Inc. acquired a new stake in shares of Everspin Technologies in the fourth quarter valued at approximately $162,000. JPMorgan Chase & Co. raised its position in Everspin Technologies by 49.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 58,668 shares of the business services provider’s stock valued at $346,000 after purchasing an additional 19,367 shares during the last quarter. Barclays PLC boosted its stake in Everspin Technologies by 157.9% during the 3rd quarter. Barclays PLC now owns 52,654 shares of the business services provider’s stock worth $310,000 after purchasing an additional 32,240 shares during the period. Geode Capital Management LLC grew its position in Everspin Technologies by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 412,879 shares of the business services provider’s stock worth $2,437,000 after purchasing an additional 1,941 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Everspin Technologies in the third quarter valued at $82,000. Institutional investors and hedge funds own 44.68% of the company’s stock.

Everspin Technologies Trading Down 0.7 %

Shares of MRAM stock opened at $5.46 on Thursday. The company has a market capitalization of $119.97 million, a P/E ratio of 91.00 and a beta of 0.88. The business’s 50 day moving average is $6.10 and its two-hundred day moving average is $6.02. Everspin Technologies, Inc. has a twelve month low of $4.89 and a twelve month high of $8.66.

Everspin Technologies (NASDAQ:MRAM) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.05 earnings per share 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 analysts’ expectations of $12.50 million. Everspin Technologies had a net margin of 2.85% and a return on equity of 2.74%.

Wall Street Analysts Forecast Growth

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

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.