The Ta/La2/3Sr1/3MnO3/Nb:SrTiO3/Ag device has novel coexistence of resistive switching and ferromagnetism modulation. The inactive Ta electrode can effectively balance the Schottky barrier height on both sides of La2/3Sr1/3MnO3, making the current–voltage (I–V) curves of the device exhibit symmetry. The conduction mechanism of the device is conductive filaments of oxygen vacancies at low resistance state (LRS), and Schottky barrier at high resistance state (HRS). The migration of oxygen ions affects not only the resistance but also the ferromagnetism of the device. The suppression of double exchange effect by oxygen vacancies results in higher saturation magnetization (Ms) at HRS than at LRS. Our first-principles calculations are consistent with the experimental results. The stable coexistence of resistive switching and ferromagnetism modulation may provide a possible way to realize multi-state storage.