Share on StockTwits

Shares of Atmel (NASDAQ:ATML) were the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 8,090,392 shares, an increase of 31.3% from the April 30th total of 6,161,972 shares, Analyst Ratings Network.com reports. Based on an average daily volume of 5,794,237 shares, the short-interest ratio is presently 1.4 days. Approximately 2.0% of the company’s stock are sold short.

In other Atmel news, SVP Robert E. Valiton, Jr. unloaded 11,319 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $7.95, for a total transaction of $89,986.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

ATML has been the subject of a number of recent research reports. Analysts at Imperial Capital initiated coverage on shares of Atmel in a research note on Wednesday, May 28th. They set an “outperform” rating and a $10.00 price target on the stock. Separately, 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. Finally, 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. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $9.10.

Shares of Atmel (NASDAQ:ATML) opened at 8.38 on Monday. Atmel has a 52-week low of $6.45 and a 52-week high of $8.91. The stock has a 50-day moving average of $7.91 and a 200-day moving average of $7.95. The company has a market cap of $3.528 billion and a P/E ratio of 128.46.

Atmel (NASDAQ:ATML) last announced its earnings results 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. 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.