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Atmel (NASDAQ:ATML)‘s stock had its “outperform” rating reiterated by stock analysts at Imperial Capital in a report issued on Friday. They currently have a $10.00 price target on the stock, down from their previous price target of $11.00. Imperial Capital’s price target would suggest a potential upside of 22.25% from the company’s current price.

A number of other firms have also recently commented on ATML. Analysts at Canaccord Genuity initiated coverage on shares of Atmel in a research note on Friday. They set a “hold” rating and a $9.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Atmel in a research note on Thursday. They now have a $9.00 price target on the stock. Finally, analysts at Bank of America downgraded shares of Atmel from a “buy” rating to a “neutral” rating in a research note on Thursday. They now have a $9.00 price target on the stock, down previously from $10.00. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $9.32.

Shares of Atmel (NASDAQ:ATML) opened at 8.19 on Friday. 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. and its 200-day moving average is $8.38. The company has a market cap of $3.449 billion and a price-to-earnings ratio of 100.25.

Atmel (NASDAQ:ATML) last announced its earnings results on Wednesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $355.50 million for the quarter, compared to the consensus estimate of $356.50 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts predict that Atmel will post $0.42 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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