Wall Street Zen Upgrades Atomera (NASDAQ:ATOM) to Hold

Key Points

• Wall Street Zen upgraded Atomera to “Hold” from “Sell,” but Weiss Ratings maintained a “Sell (e+)” rating, leaving MarketBeat’s average analyst rating at “Sell.”
• Atomera reported a quarterly loss of $0.17 per share, missing the $0.13 consensus estimate, while revenue of $0.16 million exceeded expectations; profitability metrics remained sharply negative.
• Shares opened at $5.48, up 3.0%, with a market capitalization of about $212 million. CFO Francis Laurencio sold 20,400 shares, while institutional investors—including BlackRock—recently acquired stakes.

Atomera (NASDAQ:ATOM - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Atomera in a research note on Friday, May 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of "Sell".

Atomera Stock Up 3.0%

Shares of NASDAQ ATOM opened at $5.48 on Friday. Atomera has a 12 month low of $1.89 and a 12 month high of $12.36. The company has a market cap of $212.19 million, a price-to-earnings ratio of -8.43 and a beta of 2.11. The business has a fifty day simple moving average of $7.07 and a 200-day simple moving average of $6.05.

Atomera (NASDAQ:ATOM - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $0.10 million. Atomera had a negative return on equity of 86.22% and a negative net margin of 9,742.17%.

Insider Transactions at Atomera

In other Atomera news, CFO Francis Laurencio sold 20,400 shares of the business's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $9.44, for a total transaction of $192,576.00. Following the sale, the chief financial officer directly owned 253,353 shares of the company's stock, valued at $2,391,652.32. The trade was a 7.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Atomera

Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Atomera during the 2nd quarter worth about $26,047,000. Deutsche Bank AG acquired a new position in shares of Atomera in the 2nd quarter valued at about $332,000. Andar Capital Management HK Ltd purchased a new stake in shares of Atomera in the second quarter worth approximately $784,000. SCS Capital Management LLC purchased a new stake in shares of Atomera in the second quarter worth approximately $87,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Atomera during the second quarter worth approximately $820,000. 30.79% of the stock is owned by hedge funds and other institutional investors.

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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