Atmel Rating Lowered to Hold at Capstone Investments (ATML)

By admin | 6 years ago

Atmel (NASDAQ: ATML) was downgraded by investment analysts at Capstone Investments from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Shares of Atmel opened at 7.75 on Thursday. Atmel has a 52 week low of $7.36 and a 52 week high of $15.40. The company has a market cap of $3.412 billion and a P/E ratio of 13.60.

The company last announced its quarterly results on Wednesday, May 2nd. It reported $0.08 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.07 EPS by $0.01. The company’s quarterly revenue was down 22.5% on a year-over-year basis. On average, analysts predict that Atmel will post $0.13 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital (NASDAQ: FBCM) cut their price target on shares of Atmel from $14.00 to $10.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Capstone downgraded shares of Atmel from a “buy” rating to a “hold” rating in a research note to investors on Thursday. Finally, analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Atmel in a research note to investors on Monday.

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.

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