Atomera Incorporated $ATOM Shares Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC grew its stake in Atomera Incorporated (NASDAQ:ATOM) by 219.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,416 shares of the technology company’s stock after buying an additional 22,966 shares during the period. Chicago Partners Investment Group LLC owned 0.11% of Atomera worth $177,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Gleason Group Inc. acquired a new position in shares of Atomera in the 2nd quarter valued at $53,000. Channel Wealth LLC boosted its holdings in shares of Atomera by 49.2% in the 2nd quarter. Channel Wealth LLC now owns 57,350 shares of the technology company’s stock valued at $289,000 after buying an additional 18,900 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Atomera by 82.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 140,254 shares of the technology company’s stock valued at $561,000 after buying an additional 63,305 shares in the last quarter. SCS Capital Management LLC acquired a new position in shares of Atomera in the 1st quarter valued at $40,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Atomera in the 1st quarter valued at $240,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

Atomera Stock Down 2.5%

Shares of ATOM opened at $3.15 on Friday. The company has a 50-day simple moving average of $3.85 and a 200-day simple moving average of $4.71. The company has a market capitalization of $99.16 million, a PE ratio of -4.70 and a beta of 1.13. Atomera Incorporated has a 52-week low of $2.48 and a 52-week high of $17.55.

Atomera (NASDAQ:ATOM) last announced its quarterly earnings results on Tuesday, August 5th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). The company had revenue of $0.00 million during the quarter. Atomera had a negative net margin of 15,555.37% and a negative return on equity of 90.84%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Atomera in a research report on Friday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Atomera presently has an average rating of “Sell”.

Atomera Company 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.