Baird Financial Group Inc. Buys 139,776 Shares of Atomera Incorporated $ATOM

Key Points

• Baird Financial Group Inc. raised its stake in Atomera by 11.6%, owning approximately 1.35 million shares valued at $5.39 million, representing about 4.39% of the company.
• Atomera reported earnings per share of ($0.17), missing analysts' expectations of ($0.14), indicating ongoing challenges with a high negative net margin of 15,555.37%.
• The company's stock currently trades at $3.28 with a twelve-month range between $2.31 and $17.55, showing significant volatility.

Baird Financial Group Inc. lifted its holdings in Atomera Incorporated (NASDAQ:ATOM - Free Report) by 11.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,348,062 shares of the technology company's stock after purchasing an additional 139,776 shares during the period. Baird Financial Group Inc. owned about 4.39% of Atomera worth $5,392,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avenir Corp raised its stake in Atomera by 2.7% during the 1st quarter. Avenir Corp now owns 530,300 shares of the technology company's stock worth $2,121,000 after acquiring an additional 13,775 shares during the period. Walleye Capital LLC bought a new stake in Atomera during the 1st quarter worth approximately $45,000. Virtu Financial LLC bought a new stake in Atomera during the 1st quarter worth approximately $76,000. Chicago Partners Investment Group LLC bought a new stake in Atomera during the 1st quarter worth approximately $42,000. Finally, SLT Holdings LLC raised its stake in Atomera by 50.0% during the 1st quarter. SLT Holdings LLC now owns 15,000 shares of the technology company's stock worth $60,000 after acquiring an additional 5,000 shares during the period. Institutional investors own 30.79% of the company's stock.

Atomera Stock Performance

Shares of Atomera stock traded up $0.02 on Wednesday, hitting $3.33. 70,615 shares of the company traded hands, compared to its average volume of 581,105. The stock has a market capitalization of $104.83 million, a P/E ratio of -4.97 and a beta of 1.13. Atomera Incorporated has a 52 week low of $2.31 and a 52 week high of $17.55. The business has a 50-day simple moving average of $4.19 and a 200 day simple moving average of $4.94.

Atomera (NASDAQ:ATOM - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.03). Atomera had a negative net margin of 15,555.37% and a negative return on equity of 90.84%.

Atomera 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.