Atmel SVP Sells $130,050 in Stock (ATML)
Atmel (NASDAQ:ATML) SVP Scott M. Wornow unloaded 15,000 shares of Atmel stock on the open market in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $8.67, for a total value of $130,050.00. Following the sale, the senior vice president now directly owns 399,127 shares in the company, valued at approximately $3,460,431. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Atmel (NASDAQ:ATML) traded up 0.81% on Thursday, hitting $8.75. The stock had a trading volume of 4,715,914 shares. 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 $8.65 and its 200-day moving average is $8.38. The company has a market cap of $3.662 billion and a P/E ratio of 108.50.
Atmel (NASDAQ:ATML) last issued its quarterly earnings data 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. On average, analysts predict that Atmel will post $0.41 earnings per share for the current fiscal year.
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, 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. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Atmel currently has a consensus rating of “Hold” and an average price target of $9.32.
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.