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Shares of Atmel (NASDAQ:ATML) were the recipient of some unusual options trading activity on Monday. Stock traders acquired 13,132 call options on the stock, AnalystRatings.Net reports. This represents an increase of approximately 249% compared to the typical volume of 3,767 call options.

A number of research firms have recently commented on ATML. Analysts at Imperial Capital raised their price target on shares of Atmel from $10.00 to $11.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $9.27.

Shares of Atmel (NASDAQ:ATML) traded down 2.31% on Monday, hitting $9.29. 3,481,617 shares of the company’s stock traded hands. Atmel has a one year low of $6.45 and a one year high of $9.76. The stock’s 50-day moving average is $8.77 and its 200-day moving average is $8.25. The company has a market cap of $3.911 billion and a price-to-earnings ratio of 146.31.

Atmel (NASDAQ:ATML) last released its earnings data 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. 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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