Sargent Investment Group LLC Sells 95,135 Shares of Atomera Incorporated (NASDAQ:ATOM)

Sargent Investment Group LLC lessened its stake in Atomera Incorporated (NASDAQ:ATOM - Free Report) by 34.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,050 shares of the technology company's stock after selling 95,135 shares during the period. Sargent Investment Group LLC owned 0.60% of Atomera worth $736,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Baird Financial Group Inc. increased its position in Atomera by 67.5% during the 4th quarter. Baird Financial Group Inc. now owns 1,208,286 shares of the technology company's stock valued at $14,016,000 after purchasing an additional 486,892 shares during the period. Avenir Corp grew its position in shares of Atomera by 32.2% in the 4th quarter. Avenir Corp now owns 516,525 shares of the technology company's stock worth $5,992,000 after buying an additional 125,874 shares during the last quarter. 683 Capital Management LLC purchased a new position in shares of Atomera in the 4th quarter worth approximately $770,000. EAM Investors LLC purchased a new position in shares of Atomera in the 4th quarter worth approximately $710,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Atomera in the 4th quarter worth approximately $554,000. Hedge funds and other institutional investors own 30.79% of the company's stock.

Atomera Stock Down 3.5%

ATOM stock opened at $4.97 on Friday. Atomera Incorporated has a 52 week low of $2.31 and a 52 week high of $17.55. The firm has a 50 day moving average of $5.79 and a 200 day moving average of $6.37. The stock has a market capitalization of $152.58 million, a PE ratio of -7.53 and a beta of 1.24.

Atomera (NASDAQ:ATOM - Get Free Report) last issued 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 company had revenue of $0.00 million during the quarter. Atomera had a negative return on equity of 92.12% and a negative net margin of 15,555.37%.

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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