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

Atomera (NASDAQ:ATOM) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

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

Atomera Trading Down 2.0%

NASDAQ:ATOM opened at $5.37 on Friday. The company has a market cap of $207.93 million, a P/E ratio of -8.26 and a beta of 2.11. Atomera has a twelve month low of $1.89 and a twelve month high of $12.36. The company’s 50-day moving average price is $6.99 and its 200-day moving average price is $6.09.

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

Insider Activity

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 completion of the sale, the chief financial officer directly owned 253,353 shares in the company, valued at approximately $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 accessible through this link. Corporate insiders own 8.10% of the company’s stock.

Institutional Trading of Atomera

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Atomera during the second quarter worth $26,047,000. Andar Capital Management HK Ltd purchased a new stake in Atomera in the second quarter valued at $90,000,000. Geode Capital Management LLC lifted 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 last quarter. Defender Capital LLC. acquired a new position in shares of Atomera in the 2nd quarter valued at $2,573,000. Finally, Marshall Wace LLP purchased a new position in shares of Atomera during the 4th quarter worth $396,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

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.