Atomera Incorporated $ATOM Stock Acquired by Defender Capital LLC.

Key Points

• Defender Capital doubled its Atomera position in the third quarter, adding 299,000 shares for a total of 594,450 shares, worth approximately $2.6 million. Institutional investors collectively own 30.79% of the company.
• Analyst sentiment remains negative: Weiss Ratings and Wall Street Zen downgraded Atomera to “sell,” while the stock has an average MarketBeat rating of “Sell.”
• Atomera shares traded around $4.69, well below their 52-week high of $12.36. The company reported a quarterly loss of $0.17 per share, missing estimates by $0.04, despite revenue exceeding expectations.

Defender Capital LLC. increased its holdings in Atomera Incorporated (NASDAQ:ATOM - Free Report) by 101.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 594,450 shares of the technology company's stock after buying an additional 299,000 shares during the period. Atomera comprises about 0.8% of Defender Capital LLC.'s holdings, making the stock its 18th largest position. Defender Capital LLC. owned about 1.52% of Atomera worth $2,592,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sequoia Financial Advisors LLC purchased a new position in Atomera during the 2nd quarter valued at about $176,000. Baird Financial Group Inc. raised its position in Atomera by 4.9% during the second quarter. Baird Financial Group Inc. now owns 1,340,888 shares of the technology company's stock worth $11,679,000 after acquiring an additional 63,208 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Atomera by 55.6% in the second quarter. HighTower Advisors LLC now owns 30,148 shares of the technology company's stock valued at $263,000 after purchasing an additional 10,777 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Atomera in the second quarter valued at about $413,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Atomera in the second quarter valued at approximately $179,000. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ATOM shares. Weiss Ratings cut shares of Atomera from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Thursday, September 24th. Wall Street Zen cut Atomera from a "hold" rating to a "sell" rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of "Sell".

Atomera Stock Performance

ATOM stock traded up $0.33 during trading on Thursday, hitting $4.69. The stock had a trading volume of 947,693 shares, compared to its average volume of 1,661,082. The company's 50 day moving average price is $4.64 and its two-hundred day moving average price is $6.20. Atomera Incorporated has a 1-year low of $1.89 and a 1-year high of $12.36. The stock has a market cap of $183.00 million, a price-to-earnings ratio of -7.22 and a beta of 2.02.

Atomera (NASDAQ:ATOM - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $0.16 million for the quarter, compared to analyst estimates of $0.10 million. Atomera had a negative return on equity of 77.91% and a negative net margin of 9,742.17%.

Atomera Company Profile

Atomera Incorporated is a semiconductor materials and technology company that develops and licenses process technologies designed to improve the performance, power efficiency and scalability of semiconductor devices. Its primary technology is Mears Silicon Technology (MST), a proprietary materials engineering approach that incorporates ultra-thin layers into silicon transistor structures.

MST is intended to enhance transistor characteristics such as carrier mobility and leakage control, potentially enabling semiconductor manufacturers to achieve improved performance or lower power consumption without requiring a complete redesign of their manufacturing processes.

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