Investors Purchase High Volume of Call Options on Atomera (NASDAQ:ATOM)

Atomera Incorporated (NASDAQ:ATOM) was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 4,333 call options on the stock. This is an increase of 585% compared to the typical volume of 633 call options.

Hedge Funds Weigh In On Atomera

A number of large investors have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its position in Atomera by 25.2% during the fourth quarter. AQR Capital Management LLC now owns 22,210 shares of the technology company’s stock valued at $49,000 after buying an additional 4,475 shares in the last quarter. Jain Global LLC purchased a new stake in shares of Atomera in the fourth quarter worth about $69,000. Barclays PLC raised its holdings in shares of Atomera by 12.5% during the 4th quarter. Barclays PLC now owns 47,051 shares of the technology company’s stock valued at $104,000 after buying an additional 5,220 shares during the period. Marshall Wace LLP acquired a new position in Atomera during the 4th quarter worth approximately $396,000. Finally, Avenir Corp boosted its holdings in Atomera by 1.7% in the 4th quarter. Avenir Corp now owns 614,385 shares of the technology company’s stock worth $1,358,000 after acquiring an additional 10,000 shares during the period. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Atomera Trading Up 10.5%

Shares of Atomera stock traded up $0.60 during trading hours on Wednesday, reaching $6.33. 6,225,162 shares of the company’s stock were exchanged, compared to its average volume of 2,661,579. The firm has a market capitalization of $200.54 million, a price-to-earnings ratio of -9.74 and a beta of 1.06. Atomera has a 52-week low of $1.89 and a 52-week high of $7.73. The company has a fifty day moving average of $2.57 and a 200-day moving average of $3.10.

Atomera (NASDAQ:ATOM) last released its earnings results on Thursday, February 12th. The technology company reported ($0.14) earnings per share for the quarter, hitting the consensus estimate of ($0.14). The business had revenue of $0.05 million for 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.