Hollencrest Capital Management Has $1.70 Million Stake in Atomera Inc (NASDAQ:ATOM)

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Hollencrest Capital Management decreased its holdings in shares of Atomera Inc (NASDAQ:ATOM) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 551,186 shares of the technology company’s stock after selling 13,750 shares during the quarter. Hollencrest Capital Management owned 3.23% of Atomera worth $1,698,000 at the end of the most recent quarter.

Separately, BlackRock Inc. raised its stake in Atomera by 93.8% during the second quarter. BlackRock Inc. now owns 68,155 shares of the technology company’s stock worth $343,000 after acquiring an additional 32,986 shares in the last quarter. 20.74% of the stock is currently owned by institutional investors.

Shares of NASDAQ ATOM opened at $4.32 on Friday. The stock has a 50-day moving average price of $3.35 and a two-hundred day moving average price of $3.75. Atomera Inc has a 12 month low of $2.46 and a 12 month high of $5.84. The company has a market cap of $73.59 million, a price-to-earnings ratio of -4.85 and a beta of 0.76.

Atomera (NASDAQ:ATOM) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported ($0.19) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.01. Atomera had a negative return on equity of 79.99% and a negative net margin of 2,468.44%. The company had revenue of $0.25 million during the quarter, compared to the consensus estimate of $0.20 million. As a group, equities research analysts forecast that Atomera Inc will post -0.79 EPS for the current year.

Several research analysts have commented on the company. Zacks Investment Research downgraded Atomera from a “buy” rating to a “hold” rating in a research note on Tuesday, December 31st. ValuEngine downgraded Atomera from a “buy” rating to a “hold” rating in a research note on Friday, January 10th.

About Atomera

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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Institutional Ownership by Quarter for Atomera (NASDAQ:ATOM)

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