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Shares of Atmel (NASDAQ:ATML) have received an average recommendation of “Hold” from the sixteen ratings firms that are currently covering the stock, AmericanBankingNews.com reports. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $9.20.

ATML has been the subject of a number of recent research reports. Analysts at Feltl & Co. downgraded shares of Atmel from a “buy” rating to a “hold” rating in a research note on Monday, June 23rd. They now have a $8.50 price target on the stock, down previously from $9.00. Separately, analysts at Dougherty & Co initiated coverage on shares of Atmel in a research note on Thursday, June 19th. They set a “buy” rating and a $11.00 price target on the stock. Finally, 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.

Shares of Atmel (NASDAQ:ATML) opened at 9.24 on Monday. Atmel has a one year low of $6.45 and a one year high of $9.76. The stock has a 50-day moving average of $8.60 and a 200-day moving average of $8.19. The company has a market cap of $3.890 billion and a P/E ratio of 142.62.

Atmel (NASDAQ:ATML) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters 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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