Atomera (NASDAQ:ATOM) Raised to Hold at Wall Street Zen

Atomera (NASDAQ:ATOM) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Atomera Trading Down 3.3%

Atomera stock opened at $5.04 on Friday. The company has a fifty day simple moving average of $3.13 and a 200-day simple moving average of $3.21. The stock has a market cap of $195.05 million, a P/E ratio of -7.75 and a beta of 0.92. Atomera has a 12-month low of $1.89 and a 12-month high of $7.73.

Atomera (NASDAQ:ATOM) last posted its earnings results on Thursday, February 12th. The technology company reported ($0.14) EPS for the quarter, meeting the consensus estimate of ($0.14). The business had revenue of $0.05 million during the quarter, compared to analysts’ expectations of $0.10 million.

Institutional Investors Weigh In On Atomera

Several institutional investors have recently added to or reduced their stakes in ATOM. Quantum Private Wealth LLC increased its stake in Atomera by 7.1% in the second quarter. Quantum Private Wealth LLC now owns 488,308 shares of the technology company’s stock valued at $2,461,000 after purchasing an additional 32,211 shares during the last quarter. Cim Investment Management Inc. boosted its holdings in shares of Atomera by 100.7% in the 2nd quarter. Cim Investment Management Inc. now owns 22,647 shares of the technology company’s stock valued at $114,000 after buying an additional 11,365 shares in the last quarter. Hollencrest Capital Management boosted its holdings in shares of Atomera by 1.2% in the 4th quarter. Hollencrest Capital Management now owns 606,546 shares of the technology company’s stock valued at $1,340,000 after buying an additional 7,179 shares in the last quarter. Westside Investment Management Inc. grew its position in shares of Atomera by 15.1% in the 3rd quarter. Westside Investment Management Inc. now owns 187,952 shares of the technology company’s stock valued at $831,000 after buying an additional 24,625 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Atomera by 73.9% during the 4th quarter. Wells Fargo & Company MN now owns 34,249 shares of the technology company’s stock worth $76,000 after acquiring an additional 14,553 shares in the last quarter. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Atomera Company Profile

Atomera Inc is a materials engineering company that develops and licenses advanced thin film technologies for the semiconductor industry. Its flagship offering, Mears Silicon Technology (MST), is designed to enhance transistor performance, improve power efficiency and boost device yields. Atomera’s solutions are integrated into existing fabrication processes without major changes to equipment or materials flows, enabling foundries and integrated device manufacturers to adopt the technology with minimal disruption.

At the core of Atomera’s business model is the licensing and patent-licensing of MST.