Nomura Reaffirms Buy Rating on Atmel (ATML)
Atmel (NASDAQ: ATML)‘s stock had its “buy” rating reiterated by investment analysts at Nomura (NYSE: NMR) in a note issued to investors on Monday.
Shares of Atmel traded down 0.23% during mid-day trading on Monday, hitting $8.85. Atmel has a one year low of $7.36 and a one year high of $15.65. The company has a market cap of $3.991 billion and a P/E ratio of 13.04.
A number of other analysts have also recently weighed in on ATML. Analysts at Zacks reiterated a “neutral” rating on shares of Atmel in a research note to investors on Tuesday, April 10th. They now have a $9.75 price target on the stock. Separately, analysts at Needham & Company reiterated a “hold” rating on shares of Atmel in a research note to investors on Thursday, April 5th. Finally, analysts at Maxim Group initiated coverage on shares of Atmel in a research note to investors on Thursday, April 5th. They set a “buy” rating and a $12.00 price target on the stock.
Atmel Corporation (Atmel) is engaged in designing, developing and supply of microcontrollers. The Company offers a portfolio of touch products, which integrate its microcontrollers with touch-focused property.