Atomera (NASDAQ:ATOM) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Atomera (NASDAQ:ATOM) from a buy rating to a hold rating in a research report report published on Thursday, Zacks.com reports.

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. “

Separately, ValuEngine upgraded shares of Atomera from a hold rating to a buy rating in a report on Friday, July 26th.

ATOM traded up $0.02 during trading hours on Thursday, hitting $4.52. 53,067 shares of the company’s stock were exchanged, compared to its average volume of 82,367. Atomera has a 1-year low of $2.33 and a 1-year high of $6.45. The firm has a 50-day moving average price of $4.89. The company has a current ratio of 17.32, a quick ratio of 17.32 and a debt-to-equity ratio of 0.01.

Atomera (NASDAQ:ATOM) last announced its earnings results on Wednesday, August 7th. The technology company reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.03). The company had revenue of $0.07 million for the quarter, compared to analyst estimates of $0.13 million. As a group, research analysts predict that Atomera will post -0.87 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its position in Atomera by 21.9% during the fourth quarter. BlackRock Inc. now owns 37,563 shares of the technology company’s stock worth $108,000 after acquiring an additional 6,745 shares in the last quarter. Westside Investment Management Inc. bought a new stake in Atomera during the second quarter worth $7,204,000. Bank of New York Mellon Corp bought a new stake in Atomera during the fourth quarter worth $47,000. Geode Capital Management LLC raised its position in Atomera by 57.9% during the fourth quarter. Geode Capital Management LLC now owns 68,982 shares of the technology company’s stock worth $197,000 after acquiring an additional 25,293 shares in the last quarter. Finally, AWM Investment Company Inc. raised its position in Atomera by 13.7% during the second quarter. AWM Investment Company Inc. now owns 1,659,450 shares of the technology company’s stock worth $8,347,000 after acquiring an additional 200,000 shares in the last quarter. Institutional investors and hedge funds own 21.92% of the company’s stock.

About Atomera

Atomera Incorporated engages in developing, commercializing, and licensing proprietary materials, processes, and technologies for the semiconductor industry primarily in Europe and the Asia Pacific. The company's 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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