Atomera Target of Unusually Large Options Trading (NASDAQ:ATOM)

Atomera Incorporated (NASDAQ:ATOM) saw some unusual options trading activity on Wednesday. Investors purchased 4,333 call options on the stock. This is an increase of approximately 585% compared to the typical volume of 633 call options.

Institutional Trading of Atomera

Several large investors have recently made changes to their positions in ATOM. Goldman Sachs Group Inc. lifted its position in Atomera by 82.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 140,254 shares of the technology company’s stock valued at $561,000 after purchasing an additional 63,305 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in shares of Atomera by 219.8% in the second quarter. Chicago Partners Investment Group LLC now owns 33,416 shares of the technology company’s stock valued at $177,000 after buying an additional 22,966 shares during the period. Geode Capital Management LLC raised its stake in shares of Atomera by 98.3% in the 2nd quarter. Geode Capital Management LLC now owns 719,509 shares of the technology company’s stock valued at $3,627,000 after purchasing an additional 356,579 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Atomera in the second quarter worth $35,000. Finally, Intech Investment Management LLC bought a new position in shares of Atomera in the 2nd quarter valued at about $74,000. Institutional investors own 30.79% of the company’s stock.

Atomera Trading Up 21.5%

Shares of NASDAQ ATOM opened at $6.66 on Friday. Atomera has a twelve month low of $1.89 and a twelve month high of $7.73. The firm has a 50-day moving average of $2.71 and a two-hundred day moving average of $3.14. The company has a market capitalization of $210.99 million, a price-to-earnings ratio of -10.25 and a beta of 1.06.

Atomera (NASDAQ:ATOM) last issued its quarterly earnings results on Thursday, February 12th. The technology company reported ($0.14) EPS for the quarter, meeting the consensus estimate of ($0.14). The firm had revenue of $0.05 million during the quarter, compared to analysts’ expectations of $0.10 million.

About Atomera

Atomera Inc is a materials engineering company that develops and licenses advanced thin film technologies for the semiconductor industry. Its flagship offering, Mears Silicon Technology (MST), is designed to enhance transistor performance, improve power efficiency and boost device yields. Atomera’s solutions are integrated into existing fabrication processes without major changes to equipment or materials flows, enabling foundries and integrated device manufacturers to adopt the technology with minimal disruption.

At the core of Atomera’s business model is the licensing and patent-licensing of MST.