Quantum Private Wealth LLC Reduces Stock Position in Atomera Incorporated (NASDAQ:ATOM)

Quantum Private Wealth LLC lowered its stake in Atomera Incorporated (NASDAQ:ATOM) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 292,021 shares of the technology company’s stock after selling 4,269 shares during the quarter. Quantum Private Wealth LLC’s holdings in Atomera were worth $768,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Avenir Corp boosted its holdings in Atomera by 1.9% in the first quarter. Avenir Corp now owns 379,686 shares of the technology company’s stock worth $2,339,000 after purchasing an additional 6,925 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Atomera in the second quarter worth approximately $31,000. Westside Investment Management Inc. boosted its holdings in Atomera by 13.2% in the second quarter. Westside Investment Management Inc. now owns 95,720 shares of the technology company’s stock worth $365,000 after purchasing an additional 11,150 shares during the last quarter. Consolidated Planning Corp purchased a new stake in Atomera in the third quarter worth approximately $40,000. Finally, Virtu Financial LLC purchased a new stake in Atomera in the first quarter worth approximately $216,000. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Analysts Set New Price Targets

Separately, Craig Hallum decreased their price target on shares of Atomera from $13.00 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st.

Atomera Stock Up 1.0 %

Shares of NASDAQ ATOM opened at $5.30 on Friday. Atomera Incorporated has a 52-week low of $2.31 and a 52-week high of $9.19. The firm’s fifty day moving average is $3.13 and its two-hundred day moving average is $3.61. The company has a current ratio of 5.25, a quick ratio of 5.25 and a debt-to-equity ratio of 0.05.

About Atomera

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.