Atmel Short Interest Up 13.8% in August (ATML)
Shares of Atmel (NASDAQ:ATML) were the target of a large increase in short interest in August. As of August 15th, there was short interest totalling 8,845,030 shares, an increase of 13.8% from the July 31st total of 7,773,716 shares, Stock Ratings Network reports. Approximately 2.2% of the shares of the stock are short sold. Based on an average trading volume of 7,537,367 shares, the days-to-cover ratio is currently 1.2 days.
In other Atmel news, SVP Scott M. Wornow sold 15,000 shares of Atmel stock on the open market in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $8.67, for a total transaction of $130,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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, 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 investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Atmel has a consensus rating of “Hold” and an average price target of $9.32.
Atmel (NASDAQ:ATML) opened at 8.86 on Monday. 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 $8.57 and a 200-day moving average of $8.4. The company has a market cap of $3.708 billion and a P/E ratio of 107.25.
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. 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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