Atomera (NASDAQ:ATOM) Stock Rating Lowered by Wall Street Zen

Atomera (NASDAQ:ATOM) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Atomera in a report on Friday, May 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Atomera currently has a consensus rating of “Sell”.

Atomera Price Performance

ATOM opened at $5.16 on Friday. Atomera has a fifty-two week low of $1.89 and a fifty-two week high of $12.36. The firm has a market capitalization of $199.80 million, a PE ratio of -7.94 and a beta of 2.11. The company’s 50-day moving average is $7.61 and its 200 day moving average is $5.97.

Atomera (NASDAQ:ATOM) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The company had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.07 million.

Insider Activity at Atomera

In related news, CFO Francis Laurencio sold 20,400 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $9.44, for a total transaction of $192,576.00. Following the transaction, the chief financial officer directly owned 253,353 shares of the company’s stock, valued at $2,391,652.32. This trade represents a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Atomera

A number of institutional investors have recently added to or reduced their stakes in ATOM. Vanguard Group Inc. lifted its position in shares of Atomera by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,635,938 shares of the technology company’s stock worth $7,231,000 after buying an additional 15,450 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Atomera by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 740,985 shares of the technology company’s stock valued at $1,638,000 after acquiring an additional 17,658 shares in the last quarter. Avenir Corp grew its holdings in shares of Atomera by 1.7% in the fourth quarter. Avenir Corp now owns 614,385 shares of the technology company’s stock valued at $1,358,000 after acquiring an additional 10,000 shares in the last quarter. Hollencrest Capital Management increased its position in shares of Atomera by 1.2% during the fourth quarter. Hollencrest Capital Management now owns 606,546 shares of the technology company’s stock valued at $1,340,000 after acquiring an additional 7,179 shares during the last quarter. Finally, Quantum Private Wealth LLC increased its position in shares of Atomera by 13.6% during the fourth quarter. Quantum Private Wealth LLC now owns 598,847 shares of the technology company’s stock valued at $1,323,000 after acquiring an additional 71,739 shares during the last quarter. 30.79% of the stock is owned by institutional investors.

Atomera Company Profile

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.