Craig Hallum Cuts Atomera (NASDAQ:ATOM) Price Target to $7.00

Atomera (NASDAQ:ATOM) had its price target decreased by Craig Hallum from $13.00 to $7.00 in a research note released on Wednesday morning, Benzinga reports. Craig Hallum currently has a buy rating on the technology company’s stock.

Atomera Stock Performance

NASDAQ ATOM opened at $3.08 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.03 and a quick ratio of 6.78. The firm has a market capitalization of $85.62 million, a price-to-earnings ratio of -3.95 and a beta of 1.58. The company’s fifty day moving average is $3.85 and its two-hundred day moving average is $5.35. Atomera has a 52-week low of $2.93 and a 52-week high of $9.19.

Atomera (NASDAQ:ATOM) last posted its quarterly earnings results on Tuesday, July 30th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $0.07 million for the quarter.

Institutional Trading of Atomera

Institutional investors have recently made changes to their positions in the business. Summit Securities Group LLC acquired a new stake in shares of Atomera during the 2nd quarter valued at about $31,000. WealthTrust Axiom LLC acquired a new stake in shares of Atomera during the 4th quarter valued at about $70,000. Virtu Financial LLC acquired a new stake in shares of Atomera during the 1st quarter valued at about $216,000. Westside Investment Management Inc. boosted its position in shares of Atomera by 13.2% during the 2nd quarter. Westside Investment Management Inc. now owns 95,720 shares of the technology company’s stock valued at $365,000 after acquiring an additional 11,150 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of Atomera by 32.8% during the 1st quarter. GSA Capital Partners LLP now owns 142,541 shares of the technology company’s stock valued at $878,000 after acquiring an additional 35,175 shares in the last quarter. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Atomera Company Profile

Atomera Incorporated engages in the developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry in North America and the Asia Pacific. The company's lead technology is the Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.