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Atmel (NASDAQ:ATML) SVP Robert E. Valiton, Jr. sold 11,319 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $7.95, for a total value of $89,986.05. Following the sale, the senior vice president now directly owns 525,551 shares of the company’s stock, valued at approximately $4,178,130. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

A number of analysts have recently weighed in on ATML shares. 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. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $9.03.

Atmel (NASDAQ:ATML) traded up 1.17% during mid-day trading on Tuesday, hitting $8.195. 3,731,695 shares of the company’s stock traded hands. Atmel has a 1-year low of $6.45 and a 1-year high of $8.91. The stock’s 50-day moving average is $7.90 and its 200-day moving average is $7.94. The company has a market cap of $3.450 billion and a P/E ratio of 124.62. Atmel also was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totalling 8,090,392 shares, a growth of 31.3% from the April 30th total of 6,161,972 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average trading volume of 5,794,237 shares, the short-interest ratio is presently 1.4 days.

Atmel (NASDAQ:ATML) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the 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. On average, analysts predict that Atmel will post $0.44 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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