Atomera (NASDAQ:ATOM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Atomera (NASDAQ:ATOM) from a sell rating to a hold rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atomera in a research note on Friday, May 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Atomera Stock Up 3.7%

Shares of ATOM stock opened at $5.57 on Friday. The stock has a fifty day moving average of $6.90 and a 200 day moving average of $6.12. Atomera has a 52 week low of $1.89 and a 52 week high of $12.36. The firm has a market capitalization of $217.34 million, a price-to-earnings ratio of -8.57 and a beta of 2.11.

Atomera (NASDAQ:ATOM) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). Atomera had a negative net margin of 9,742.17% and a negative return on equity of 77.91%. The company had revenue of $0.16 million for the quarter, compared to analysts’ expectations of $0.10 million.

Insiders Place Their Bets

In related news, CFO Francis Laurencio sold 20,400 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $9.44, for a total value of $192,576.00. Following the sale, the chief financial officer directly owned 253,353 shares of the company’s stock, valued at $2,391,652.32. This represents a 7.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.10% of the stock is currently owned by insiders.

Institutional Trading of Atomera

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in Atomera during the second quarter worth about $26,047,000. Vanguard Group Inc. grew its holdings in Atomera by 1.0% in the third quarter. Vanguard Group Inc. now owns 1,635,938 shares of the technology company’s stock worth $7,231,000 after purchasing an additional 15,450 shares during the period. Andar Capital Management HK Ltd bought a new position in shares of Atomera during the second quarter valued at approximately $90,000,000. Geode Capital Management LLC increased its stake in shares of Atomera by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 740,985 shares of the technology company’s stock valued at $1,638,000 after purchasing an additional 17,658 shares in the last quarter. Finally, Avenir Corp lifted its holdings in shares of Atomera by 1.7% during the fourth quarter. Avenir Corp now owns 614,385 shares of the technology company’s stock valued at $1,358,000 after purchasing an additional 10,000 shares during the last quarter. 30.79% of the stock is owned by hedge funds and other institutional investors.

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.