Defender Capital LLC. Buys Shares of 295,450 Atomera Incorporated $ATOM

Key Points

• Defender Capital acquired 295,450 Atomera shares worth approximately $2.57 million in the second quarter, giving it a 0.76% stake. Institutional investors collectively own 30.79% of the company.
• Atomera’s latest quarterly results missed expectations, with a loss of $0.17 per share versus the $0.13 consensus estimate, although revenue of $0.16 million exceeded forecasts.
• Atomera shares opened at $5.37, compared with a 52-week range of $1.89 to $12.36. Analyst sentiment remains negative, with the stock carrying a consensus “Sell” rating.

Defender Capital LLC. purchased a new stake in Atomera Incorporated (NASDAQ:ATOM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 295,450 shares of the technology company's stock, valued at approximately $2,573,000. Atomera makes up 0.8% of Defender Capital LLC.'s holdings, making the stock its 18th biggest position. Defender Capital LLC. owned 0.76% of Atomera at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Atomera by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,635,938 shares of the technology company's stock worth $7,231,000 after buying an additional 15,450 shares in the last quarter. Geode Capital Management LLC increased its holdings in Atomera by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 740,985 shares of the technology company's stock valued at $1,638,000 after acquiring an additional 17,658 shares in the last quarter. Avenir Corp increased its holdings in Atomera by 1.7% during the 4th quarter. Avenir Corp now owns 614,385 shares of the technology company's stock valued at $1,358,000 after acquiring an additional 10,000 shares in the last quarter. Hollencrest Capital Management raised its position in Atomera by 1.2% during the fourth quarter. Hollencrest Capital Management now owns 606,546 shares of the technology company's stock worth $1,340,000 after acquiring an additional 7,179 shares during the last quarter. Finally, Quantum Private Wealth LLC raised its position in Atomera by 13.6% during the fourth quarter. Quantum Private Wealth LLC now owns 598,847 shares of the technology company's stock worth $1,323,000 after acquiring an additional 71,739 shares during the last quarter. Institutional investors and hedge funds own 30.79% of the company's stock.

Insider Activity

In other news, CFO Francis Laurencio sold 20,400 shares of the company's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $9.44, for a total transaction of $192,576.00. Following the completion of the sale, the chief financial officer directly owned 253,353 shares in the company, valued at $2,391,652.32. This represents a 7.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 8.10% of the stock is owned by corporate insiders.

Atomera Stock Performance

Atomera stock opened at $5.37 on Tuesday. Atomera Incorporated has a 1 year low of $1.89 and a 1 year high of $12.36. The firm has a 50 day moving average price of $6.99 and a 200 day moving average price of $6.09. The company has a market cap of $207.93 million, a price-to-earnings ratio of -8.26 and a beta of 2.11.

Atomera (NASDAQ:ATOM - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.04). The company had revenue of $0.16 million for the quarter, compared to analysts' expectations of $0.10 million. Atomera had a negative return on equity of 77.91% and a negative net margin of 9,742.17%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ATOM shares. Weiss Ratings reissued a "sell (e+)" rating on shares of Atomera in a research note on Friday, May 15th. Wall Street Zen raised shares of Atomera from a "sell" rating to a "hold" rating in a research note on Sunday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of "Sell".

Atomera Company Profile

Atomera Inc is a materials engineering company that develops and licenses advanced thin film technologies for the semiconductor industry. Its flagship offering, Mears Silicon Technology (MST), is designed to enhance transistor performance, improve power efficiency and boost device yields. Atomera's solutions are integrated into existing fabrication processes without major changes to equipment or materials flows, enabling foundries and integrated device manufacturers to adopt the technology with minimal disruption.

At the core of Atomera's business model is the licensing and patent-licensing of MST.

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