Atomera (ATOM) Lowered to Hold at Zacks Investment Research

Atomera (NASDAQ:ATOM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “Atomera Incorporated is involved in the business of developing, commercializing and licensing proprietary processes and technologies for the semiconductor industry. It developed Mears Silicon Technology (TM) for semiconductor transistors. Atomera Incorporated is headquartered in Los Gatos, California. “

Other research analysts also recently issued research reports about the company. ValuEngine downgraded Atomera from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Roth Capital began coverage on Atomera in a report on Thursday, October 18th. They set a “buy” rating and a $8.00 target price on the stock.

NASDAQ:ATOM traded up $0.07 during mid-day trading on Friday, reaching $3.84. 46,353 shares of the company’s stock traded hands, compared to its average volume of 32,611. Atomera has a 12-month low of $2.33 and a 12-month high of $8.00. The company has a market cap of $56.66 million, a PE ratio of -3.76 and a beta of 2.03.

Atomera (NASDAQ:ATOM) last announced its quarterly earnings results on Tuesday, February 12th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.03). The company had revenue of $0.15 million during the quarter, compared to the consensus estimate of $0.25 million. Equities research analysts anticipate that Atomera will post -0.71 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Hollencrest Capital Management grew its holdings in shares of Atomera by 2.5% during the 4th quarter. Hollencrest Capital Management now owns 882,457 shares of the technology company’s stock worth $2,533,000 after acquiring an additional 21,387 shares during the period. Jane Street Group LLC purchased a new position in shares of Atomera during the 3rd quarter worth approximately $124,000. Financial Architects Inc grew its holdings in shares of Atomera by 43.8% during the 4th quarter. Financial Architects Inc now owns 11,500 shares of the technology company’s stock worth $33,000 after acquiring an additional 3,500 shares during the period. Sigma Planning Corp purchased a new position in shares of Atomera during the 4th quarter worth approximately $55,000. Finally, Sargent Investment Group LLC purchased a new position in shares of Atomera during the 4th quarter worth approximately $146,000. Hedge funds and other institutional investors own 17.01% of the company’s stock.

Atomera Company Profile

Atomera Incorporated engages in the business of developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry. Its lead technology is Mears Silicon Technology, a thin-film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.

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