Share on StockTwits

Shares of Atmel (NASDAQ:ATML) saw a large increase in short interest in 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, American Banking & Market News reports. Based on an average daily trading volume, of 5,754,615 shares, the short-interest ratio is currently 1.4 days. Currently, 1.9% of the company’s shares are sold short.

Several analysts have recently commented on the stock. 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. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Atmel presently has an average rating of “Hold” and a consensus target price of $9.32.

Atmel (NASDAQ:ATML) opened at 8.26 on Tuesday. Atmel has a 52-week low of $6.45 and a 52-week high of $9.76. The stock’s 50-day moving average is $8. and its 200-day moving average is $8.37. The company has a market cap of $3.478 billion and a P/E ratio of 102.38.

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 $0.41 earnings per share for the current fiscal year.

Atmel Corporation (NASDAQ:ATML) is engaged in designing, developing and supplying of microcontrollers.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.