Maxim Group Sets Atmel Price Target at $9.00 (ATML)

By admin | 6 years ago

Research analysts at Maxim Group cut their target price on shares of Atmel (NASDAQ: ATML) from $11.00 to $9.00 in a report released on Tuesday. The firm currently has a “buy” rating on the stock.

Shares of Atmel opened at 6.915 on Tuesday. Atmel has a 52 week low of $6.49 and a 52 week high of $14.71. The company has a market cap of $3.069 billion and a P/E ratio of 12.07.

Atmel last announced its earnings results on Wednesday, May 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The company’s revenue for the quarter was down 22.5% on a year-over-year basis. On average, analysts predict that Atmel will post $0.09 earnings per share next quarter.

A number of other analysts have also recently weighed in on ATML. Analysts at UBS AG (NYSE: UBS) reiterated a “buy” rating on shares of Atmel in a research note to investors on Friday, May 18th. Separately, analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Atmel in a research note to investors on Tuesday, May 8th. Finally, analysts at Canaccord Genuity reiterated an “accumulate” rating on shares of Atmel in a research note to investors on Thursday, May 3rd.

Atmel Corporation (Atmel) is engaged in designing, developing and supplying of microcontrollers. Atmel offers a portfolio of touch products, which integrate its microcontrollers with touch-focused intellectual property (IP).

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