Atomera Incorporated $ATOM Shares Bought by Baird Financial Group Inc.

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. raised its stake in Atomera Incorporated (NASDAQ:ATOM - Free Report) by 11.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,348,062 shares of the technology company's stock after acquiring an additional 139,776 shares during the period. Baird Financial Group Inc. owned 4.39% of Atomera worth $5,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in ATOM. Barclays PLC purchased a new stake in shares of Atomera in the 4th quarter valued at about $116,000. Mariner LLC increased its position in Atomera by 42.0% during the fourth quarter. Mariner LLC now owns 14,200 shares of the technology company's stock worth $165,000 after buying an additional 4,200 shares during the period. Price T Rowe Associates Inc. MD increased its position in Atomera by 19.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,400 shares of the technology company's stock worth $632,000 after buying an additional 8,700 shares during the period. Northern Trust Corp lifted its stake in Atomera by 8.7% in the fourth quarter. Northern Trust Corp now owns 61,910 shares of the technology company's stock valued at $718,000 after buying an additional 4,934 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Atomera in the fourth quarter valued at approximately $453,000. Institutional investors and hedge funds own 30.79% of the company's stock.

Atomera Price Performance

Shares of ATOM traded down $0.10 during mid-day trading on Wednesday, reaching $3.21. 367,475 shares of the company's stock were exchanged, compared to its average volume of 277,710. The stock has a market capitalization of $101.05 million, a PE ratio of -4.79 and a beta of 1.13. The business's fifty day simple moving average is $4.16 and its 200-day simple moving average is $4.93. 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, August 5th. The technology company reported ($0.17) 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.