Renaissance Technologies LLC Invests $621,000 in Atomera Incorporated $ATOM

Renaissance Technologies LLC bought a new position in shares of Atomera Incorporated (NASDAQ:ATOM) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 163,066 shares of the technology company’s stock, valued at approximately $621,000. Renaissance Technologies LLC owned 0.42% of Atomera as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HRT Financial LP acquired a new position in Atomera in the fourth quarter valued at approximately $29,000. AQR Capital Management LLC grew its stake in shares of Atomera by 25.2% during the 4th quarter. AQR Capital Management LLC now owns 22,210 shares of the technology company’s stock worth $49,000 after purchasing an additional 4,475 shares during the period. Abel Hall LLC acquired a new stake in shares of Atomera during the 1st quarter worth approximately $53,000. The Manufacturers Life Insurance Company purchased a new position in shares of Atomera during the 2nd quarter valued at approximately $53,000. Finally, Alliancebernstein L.P. purchased a new position in shares of Atomera during the 3rd quarter valued at approximately $61,000. 30.79% of the stock is owned by institutional investors and hedge funds.

Atomera Stock Performance

Shares of ATOM stock opened at $5.60 on Monday. The company has a market capitalization of $218.51 million, a P/E ratio of -8.62 and a beta of 2.11. The business’s 50 day moving average is $6.71 and its two-hundred day moving average is $6.18. Atomera Incorporated has a 12-month low of $1.89 and a 12-month high of $12.36.

Atomera (NASDAQ:ATOM) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The business had revenue of $0.16 million during the quarter, compared to analyst estimates of $0.10 million. Atomera had a negative net margin of 9,742.17% and a negative return on equity of 77.91%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Atomera from a “hold” rating to a “sell” rating in a report on Monday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atomera in a report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Insider Activity

In related news, CFO Francis Laurencio sold 20,400 shares of Atomera stock in a transaction on Monday, June 15th. The shares were sold at an average price of $9.44, for a total value of $192,576.00. Following the sale, the chief financial officer owned 253,353 shares of the company’s stock, valued at approximately $2,391,652.32. This trade represents a 7.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.10% of the stock is owned by company insiders.

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.