Atmel PT Raised to $11.00 at Imperial Capital (ATML)
Analysts at Imperial Capital boosted their price target on shares of Atmel (NASDAQ:ATML) from $10.00 to $11.00 in a research report issued to clients and investors on Monday. The firm currently has an “outperform” rating on the stock. Imperial Capital’s price objective suggests a potential upside of 15.67% from the stock’s previous close.
ATML has been the subject of a number of other 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 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. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.27.
Atmel (NASDAQ:ATML) opened at 9.51 on Monday. Atmel has a 1-year low of $6.45 and a 1-year high of $9.76. The stock has a 50-day moving average of $8.77 and a 200-day moving average of $8.25. The company has a market cap of $4.003 billion and a P/E ratio of 145.85.
Atmel (NASDAQ:ATML) last released its 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. 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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