Atomera (NASDAQ:ATOM) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Atomera (NASDAQ:ATOM) from a hold rating to a sell rating in a report published on Saturday.

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

Atomera Price Performance

ATOM opened at $5.29 on Friday. Atomera has a 12 month low of $1.89 and a 12 month high of $12.36. The business has a 50-day moving average of $7.53 and a two-hundred day moving average of $5.99. The stock has a market capitalization of $204.83 million, a price-to-earnings ratio of -8.14 and a beta of 2.11.

Atomera (NASDAQ:ATOM) last announced its quarterly earnings data 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 firm had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.07 million.

Insider Buying and Selling at Atomera

In other news, CFO Francis Laurencio sold 20,400 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was 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 owned 253,353 shares in the company, valued at approximately $2,391,652.32. The trade was a 7.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Atomera

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Atomera by 1.0% in the third quarter. Vanguard Group Inc. now owns 1,635,938 shares of the technology company’s stock valued at $7,231,000 after purchasing an additional 15,450 shares during the period. Geode Capital Management LLC grew its stake 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 buying an additional 17,658 shares in the last quarter. Avenir Corp grew its stake 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 buying an additional 10,000 shares in the last quarter. Hollencrest Capital Management raised its holdings in shares of Atomera by 1.2% during the 4th quarter. Hollencrest Capital Management now owns 606,546 shares of the technology company’s stock valued at $1,340,000 after buying an additional 7,179 shares during the period. Finally, Quantum Private Wealth LLC raised its holdings in shares of Atomera by 13.6% during the 4th quarter. Quantum Private Wealth LLC now owns 598,847 shares of the technology company’s stock valued at $1,323,000 after buying an additional 71,739 shares during the period. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

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.