Quantum Private Wealth LLC Increases Stock Holdings in Atomera Incorporated $ATOM

Quantum Private Wealth LLC raised its position in Atomera Incorporated (NASDAQ:ATOM) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 488,308 shares of the technology company’s stock after acquiring an additional 32,211 shares during the quarter. Atomera makes up approximately 0.8% of Quantum Private Wealth LLC’s portfolio, making the stock its 23rd biggest position. Quantum Private Wealth LLC’s holdings in Atomera were worth $2,461,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Foundations Investment Advisors LLC grew its holdings in shares of Atomera by 50.0% in the first quarter. Foundations Investment Advisors LLC now owns 15,000 shares of the technology company’s stock valued at $60,000 after purchasing an additional 5,000 shares in the last quarter. SLT Holdings LLC boosted its position in Atomera by 50.0% in the 1st quarter. SLT Holdings LLC now owns 15,000 shares of the technology company’s stock valued at $60,000 after buying an additional 5,000 shares during the period. Chicago Partners Investment Group LLC acquired a new position in shares of Atomera in the first quarter worth $42,000. Virtu Financial LLC purchased a new stake in shares of Atomera during the first quarter worth $76,000. Finally, Walleye Capital LLC acquired a new stake in shares of Atomera in the first quarter valued at $45,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Atomera in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Atomera Stock Performance

Shares of NASDAQ:ATOM opened at $1.99 on Friday. Atomera Incorporated has a 52 week low of $1.89 and a 52 week high of $17.55. The company’s 50 day moving average is $3.57 and its two-hundred day moving average is $4.49. The company has a market cap of $63.05 million, a PE ratio of -2.97 and a beta of 1.04.

Atomera (NASDAQ:ATOM) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.03). The firm had revenue of $0.01 million for the quarter, compared to analysts’ expectations of $0.10 million. Atomera had a negative return on equity of 87.89% and a negative net margin of 15,555.37%.

About Atomera

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