Atmel Corp. Price Target Lowered to $7.00 at Susquehanna (ATML)
Susquehanna decreased their price target on shares of Atmel Corp. (NASDAQ:ATML) from $8.00 to $7.00 in a research note issued on Thursday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s target price would suggest a potential downside of 3.78% from the company’s current price.
A number of other firms have also recently commented on ATML. Analysts at Wedbush upgraded shares of Atmel Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $9.00 price target on the stock, up previously from $7.00. Finally, analysts at Raymond James cut their price target on shares of Atmel Corp. from $9.00 to $8.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $8.30.
Shares of Atmel Corp. (NASDAQ:ATML) traded up 10.56% on Thursday, hitting $7.275. The stock had a trading volume of 16,073,726 shares. Atmel Corp. has a 52-week low of $4.37 and a 52-week high of $8.40. The stock has a 50-day moving average of $7.29 and a 200-day moving average of $7.34. The company’s market cap is $3.111 billion.
Atmel Corp. (NASDAQ:ATML) last announced its earnings results on Wednesday, October 30th. The company reported $0.09 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.09. The company had revenue of $356.30 million for the quarter, compared to the consensus estimate of $350.07 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. Analysts expect that Atmel Corp. will post $0.29 EPS for the current fiscal year.
Atmel Corporation (NASDAQ:ATML) is engaged in designing, developing and supplying of microcontrollers.
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