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Shares of Atmel (NASDAQ:ATML) have earned an average recommendation of “Hold” from the sixteen brokerages that are covering the company, reports. Nine analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $9.32.

ATML has been the subject of a number of recent research reports. Analysts at Imperial Capital reiterated an “outperform” rating on shares of Atmel in a research note on Friday. They now have a $10.00 price target on the stock, down previously from $11.00. Separately, 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. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Atmel in a research note on Thursday, August 7th. They now have a $9.00 price target on the stock.

Shares of Atmel (NASDAQ:ATML) traded up 0.12% during mid-day trading on Tuesday, hitting $8.27. The stock had a trading volume of 315,313 shares. Atmel has a 52 week low of $6.45 and a 52 week high of $9.76. The stock has a 50-day moving average of $8. and a 200-day moving average of $8.37. The company has a market cap of $3.461 billion and a price-to-earnings ratio of 103.25. Atmel also was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 7,773,716 shares, an increase of 27.2% from the July 15th total of 6,109,141 shares. Based on an average trading volume of 5,754,615 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.9% of the shares of the company are short sold.

Atmel (NASDAQ:ATML) last released its earnings data 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 $0.41 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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