Atomera Incorporated $ATOM Stock Holdings Lowered by Baird Financial Group Inc.

Baird Financial Group Inc. cut its holdings in shares of Atomera Incorporated (NASDAQ:ATOM) by 24.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,011,988 shares of the technology company’s stock after selling 336,074 shares during the period. Baird Financial Group Inc. owned approximately 3.21% of Atomera worth $5,100,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Atomera in the second quarter valued at $35,000. SCS Capital Management LLC acquired a new position in shares of Atomera in the 1st quarter worth $40,000. Chicago Partners Investment Group LLC acquired a new stake in shares of Atomera during the first quarter worth $42,000. Gleason Group Inc. purchased a new stake in shares of Atomera during the second quarter valued at $53,000. Finally, Walleye Capital LLC acquired a new position in shares of Atomera in the 1st quarter valued at $45,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Atomera in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Atomera Stock Up 7.9%

ATOM stock opened at $2.60 on Wednesday. The company has a 50 day moving average of $3.22 and a two-hundred day moving average of $4.09. The company has a market cap of $82.37 million, a price-to-earnings ratio of -3.88 and a beta of 1.03. Atomera Incorporated has a 12-month low of $1.89 and a 12-month high of $17.55.

Atomera (NASDAQ:ATOM) last announced its quarterly earnings data on Tuesday, October 28th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.03). Atomera had a negative return on equity of 92.04% and a negative net margin of 15,555.37%.The firm had revenue of $0.01 million for the quarter, compared to analysts’ expectations of $0.10 million.

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.