Investors Purchase Large Volume of Call Options on Atomera (NASDAQ:ATOM)

Atomera Incorporated (NASDAQ:ATOM) was the target of some unusual options trading activity on Wednesday. Stock traders bought 4,333 call options on the stock. This is an increase of 585% compared to the average daily volume of 633 call options.

Institutional Investors Weigh In On Atomera

A number of large investors have recently modified their holdings of ATOM. Chicago Partners Investment Group LLC boosted its stake in Atomera by 219.8% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 33,416 shares of the technology company’s stock worth $177,000 after purchasing an additional 22,966 shares in the last quarter. Quantum Private Wealth LLC raised its holdings in shares of Atomera by 7.1% in the second quarter. Quantum Private Wealth LLC now owns 488,308 shares of the technology company’s stock worth $2,461,000 after buying an additional 32,211 shares during the last quarter. HRT Financial LP acquired a new stake in shares of Atomera during the fourth quarter worth $29,000. Alliancebernstein L.P. purchased a new stake in shares of Atomera during the third quarter valued at $61,000. Finally, Westside Investment Management Inc. increased its position in shares of Atomera by 15.1% in the 3rd quarter. Westside Investment Management Inc. now owns 187,952 shares of the technology company’s stock valued at $831,000 after acquiring an additional 24,625 shares during the period. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Atomera Stock Down 4.4%

NASDAQ:ATOM opened at $5.48 on Thursday. The stock has a market capitalization of $173.61 million, a price-to-earnings ratio of -8.43 and a beta of 1.06. Atomera has a 52 week low of $1.89 and a 52 week high of $7.73. The firm has a 50 day moving average of $2.63 and a 200 day moving average of $3.11.

Atomera (NASDAQ:ATOM) last issued its quarterly earnings results on Thursday, February 12th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.14). The business had revenue of $0.05 million for the quarter, compared to analyst estimates of $0.10 million.

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.