Atomera (NASDAQ:ATOM) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Atomera (NASDAQ:ATOMGet Rating) announced its earnings results on Tuesday. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.03), Fidelity Earnings reports.

Atomera Price Performance

Shares of NASDAQ ATOM traded up $0.52 during mid-day trading on Thursday, hitting $13.49. 167,475 shares of the company’s stock traded hands, compared to its average volume of 284,522. The company’s 50-day moving average is $10.73 and its two-hundred day moving average is $12.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 10.26 and a quick ratio of 10.26. The company has a market capitalization of $315.57 million, a P/E ratio of -17.99 and a beta of 1.64. Atomera has a 1 year low of $8.90 and a 1 year high of $33.13.

Insider Activity

In other news, CEO Scott A. Bibaud sold 5,899 shares of the company’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $12.06, for a total transaction of $71,141.94. Following the sale, the chief executive officer now directly owns 281,561 shares in the company, valued at approximately $3,395,625.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 9,920 shares of company stock worth $119,635. 12.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Atomera

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in Atomera by 21.2% during the 1st quarter. JPMorgan Chase & Co. now owns 9,615 shares of the technology company’s stock valued at $125,000 after purchasing an additional 1,681 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Atomera by 55.7% during the 1st quarter. MetLife Investment Management LLC now owns 11,721 shares of the technology company’s stock valued at $153,000 after purchasing an additional 4,195 shares during the last quarter. PEAK6 Investments LLC bought a new position in Atomera during the 1st quarter valued at about $179,000. Rhumbline Advisers grew its holdings in Atomera by 12.8% during the 1st quarter. Rhumbline Advisers now owns 19,922 shares of the technology company’s stock valued at $260,000 after purchasing an additional 2,260 shares during the last quarter. Finally, Advisor Group Holdings Inc. grew its holdings in Atomera by 10.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 24,010 shares of the technology company’s stock valued at $313,000 after purchasing an additional 2,250 shares during the last quarter. 32.52% of the stock is currently owned by institutional investors.

Atomera Company Profile

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Atomera Incorporated develops, commercializes, and licenses proprietary materials, 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.

Further Reading

Earnings History for Atomera (NASDAQ:ATOM)

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