Shares of Atmel traded down 0.51% during mid-day trading on Thursday, hitting $7.75. Atmel has a one year low of $7.36 and a one year 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.
Several other analysts have also recently commented on the stock. Analysts at Craig Hallum downgraded shares of Atmel from a “buy” rating to a “hold” rating in a research note to investors on Thursday. Separately, analysts at Capstone Investments downgraded shares of Atmel from a “buy” rating to a “hold” rating in a research note to investors on Thursday. Finally, 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.
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.