Atmel Receives Average Recommendation of “Hold” from Brokerages (NASDAQ:ATML)
Shares of Atmel (NASDAQ:ATML) have received an average rating of “Hold” from the sixteen brokerages that are covering the company, StockRatingsNetwork.com reports. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $9.32.
A number of research firms have recently commented on ATML. Analysts at Imperial Capital reiterated an “outperform” rating on shares of Atmel in a research note on Friday, August 8th. 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, August 8th. 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) opened at 8.20 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 $8.75 and its 200-day moving average is $8.3. The company has a market cap of $3.432 billion and a P/E ratio of 103.19.
Atmel (NASDAQ:ATML) last announced its earnings results on Wednesday, August 6th. The company reported $0.09 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts expect that Atmel will post $0.41 EPS for the current fiscal year.
Atmel Corporation (NASDAQ:ATML),is engaged in designing, developing and supplying of microcontrollers.
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