Everspin Technologies, Inc. (NASDAQ:MRAM) Shares Purchased by State Street Corp

State Street Corp lifted its position in Everspin Technologies, Inc. (NASDAQ:MRAM) by 1.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 219,393 shares of the business services provider’s stock after acquiring an additional 3,298 shares during the period. State Street Corp’s holdings in Everspin Technologies were worth $1,294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in MRAM. Acadian Asset Management LLC grew its holdings in shares of Everspin Technologies by 17.0% during the second quarter. Acadian Asset Management LLC now owns 835,824 shares of the business services provider’s stock valued at $5,003,000 after purchasing an additional 121,717 shares during the last quarter. Herald Investment Management Ltd lifted its holdings in shares of Everspin Technologies by 41.7% in the 2nd 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 boosted its position in Everspin Technologies by 75.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 113,655 shares of the business services provider’s stock valued at $681,000 after purchasing an additional 49,032 shares during the period. BNP Paribas Financial Markets grew its stake 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 buying an additional 14,220 shares during the last quarter. Finally, Rhumbline Advisers acquired a new stake in Everspin Technologies in the second quarter worth $129,000. 44.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of Everspin Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, December 28th. Needham & Company LLC reissued a “buy” rating and set a $8.00 target price on shares of Everspin Technologies in a research note on Thursday, October 31st.

Everspin Technologies Price Performance

Shares of Everspin Technologies stock opened at $6.41 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 capitalization of $140.84 million, a P/E ratio of 106.83 and a beta of 0.90. The business’s fifty day moving average price is $6.24 and its two-hundred day moving average price is $6.01.

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.