Atomera (ATOM) Downgraded by ValuEngine

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Atomera (NASDAQ:ATOM) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, ValuEngine reports.

Separately, Zacks Investment Research raised Atomera from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a research note on Tuesday, April 23rd.

Shares of ATOM stock opened at $2.70 on Wednesday. The firm has a market capitalization of $39.25 million, a P/E ratio of -2.65 and a beta of 1.95. Atomera has a twelve month low of $2.33 and a twelve month high of $6.63.

Atomera (NASDAQ:ATOM) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.03). The company had revenue of $0.07 million during the quarter, compared to the consensus estimate of $0.05 million. As a group, analysts predict that Atomera will post -0.82 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Financial Architects Inc grew its stake in shares of Atomera by 43.8% in the fourth quarter. Financial Architects Inc now owns 11,500 shares of the technology company’s stock worth $33,000 after acquiring an additional 3,500 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Atomera in the fourth quarter worth $47,000. Sigma Planning Corp purchased a new stake in shares of Atomera in the fourth quarter worth $55,000. BlackRock Inc. grew its stake in shares of Atomera by 21.9% in the fourth quarter. BlackRock Inc. now owns 37,563 shares of the technology company’s stock worth $108,000 after acquiring an additional 6,745 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Atomera in the third quarter worth $124,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Atomera Company Profile

Atomera Incorporated engages in developing, commercializing, and licensing proprietary materials, processes, and technologies for the semiconductor industry primarily in Europe and the Asia Pacific. The company's lead technology is Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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