Several other analysts have also recently commented on the stock. Analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Atmel in a research note to investors on Monday. Separately, 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. Finally, analysts at Needham & Company reiterated a “hold” rating on shares of Atmel in a research note to investors on Thursday, April 5th.
Atmel traded down 0.77% on Thursday, hitting $7.73. Atmel has a 1-year low of $7.36 and a 1-year high of $15.40. The company has a market cap of $3.403 billion and a price-to-earnings 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. Analysts expect that Atmel will post $0.13 EPS next quarter.
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.