Atmel Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:ATML)
Atmel (NASDAQ:ATML) has been given a consensus rating of “Buy” by the seventeen ratings firms that are presently covering the company, AnalystRatingsNetwork reports. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $9.00.
ATML has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Atmel in a research note on Friday, May 2nd. They now have a $8.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Atmel in a research note on Friday, March 14th. They set a “buy” rating and a $11.00 price target on the stock. Finally, analysts at Bank of America initiated coverage on shares of Atmel in a research note on Friday, March 14th. They set a “buy” rating and a $11.00 price target on the stock.
Shares of Atmel (NASDAQ:ATML) traded up 1.28% during mid-day trading on Thursday, hitting $7.92. The stock had a trading volume of 425,972 shares. Atmel has a 1-year low of $6.45 and a 1-year high of $8.91. The stock has a 50-day moving average of $7.95 and a 200-day moving average of $7.91. The company has a market cap of $3.334 billion and a price-to-earnings ratio of 120.31.
Atmel (NASDAQ:ATML) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.01. The company had revenue of $337.40 million for the quarter, compared to the consensus estimate of $325.70 million. Analysts expect that Atmel will post $0.44 EPS for the current fiscal year.
Atmel Corporation (NASDAQ:ATML) is engaged in designing, developing and supplying of microcontrollers.
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