Baird Financial Group Inc. Purchases 486,892 Shares of Atomera Incorporated (NASDAQ:ATOM)

Baird Financial Group Inc. grew its holdings in shares of Atomera Incorporated (NASDAQ:ATOM - Free Report) by 67.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,208,286 shares of the technology company's stock after buying an additional 486,892 shares during the quarter. Baird Financial Group Inc. owned 4.20% of Atomera worth $14,016,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. SLT Holdings LLC bought a new stake in shares of Atomera in the fourth quarter valued at about $116,000. Barclays PLC bought a new stake in shares of Atomera in the 4th quarter valued at about $116,000. Brendel Financial Advisors LLC bought a new stake in shares of Atomera in the 4th quarter valued at about $124,000. BIT Capital GmbH purchased a new stake in shares of Atomera in the 4th quarter worth approximately $161,000. Finally, Mariner LLC boosted its stake in shares of Atomera by 42.0% during the fourth quarter. Mariner LLC now owns 14,200 shares of the technology company's stock valued at $165,000 after purchasing an additional 4,200 shares in the last quarter. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

Atomera Stock Performance

Shares of NASDAQ:ATOM opened at $6.01 on Thursday. The firm has a 50 day moving average of $4.73 and a 200 day moving average of $6.68. The company has a quick ratio of 5.25, a current ratio of 5.25 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $184.53 million, a price-to-earnings ratio of -8.84 and a beta of 1.34. Atomera Incorporated has a 52 week low of $2.31 and a 52 week high of $17.55.

Atomera (NASDAQ:ATOM - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.03). The firm had revenue of $0.00 million for the quarter. Atomera had a negative net margin of 13,655.55% and a negative return on equity of 106.81%.

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.

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