Atmel Corp. Hits New 52-Week High at $8.42 (ATML)
Shares of Atmel Corp. (NASDAQ:ATML) hit a new 52-week high during trading on Thursday, Analyst RN reports. The stock traded as high as $8.42 and last traded at $8.32, with a volume of 7,992,669 shares trading hands. The stock had previously closed at $8.34.
A number of analysts have recently weighed in on ATML shares. Analysts at Needham & Company reiterated a “buy” rating on shares of Atmel Corp. in a research note to investors on Wednesday, November 27th. They now have a $10.00 price target on the stock. Separately, analysts at FBR Capital Markets reiterated an “outperform” rating on shares of Atmel Corp. in a research note to investors on Wednesday, November 27th. They now have a $8.25 price target on the stock. Finally, analysts at Oppenheimer initiated coverage on shares of Atmel Corp. in a research note to investors on Monday, November 11th. They set an “outperform” rating and a $10.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Atmel Corp. presently has an average rating of “Buy” and an average target price of $8.58.
Atmel Corp. has a one year low of $5.89 and a one year high of $8.40. The stock’s 50-day moving average is $7.59 and its 200-day moving average is $7.4. The company’s market cap is $3.547 billion.
Atmel Corp. (NASDAQ:ATML) last issued its quarterly earnings data 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. On average, analysts predict that Atmel Corp. will post $0.28 earnings per share for the current fiscal year.
Atmel Corporation (NASDAQ:ATML) is engaged in designing, developing and supplying of microcontrollers.
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