Atomera (NASDAQ:ATOM) Upgraded at Wall Street Zen

Atomera (NASDAQ:ATOM) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Atomera Stock Performance

Shares of ATOM stock opened at $5.04 on Friday. The firm has a fifty day moving average of $3.13 and a 200-day moving average of $3.22. The stock has a market cap of $195.05 million, a price-to-earnings ratio of -7.75 and a beta of 1.06. Atomera has a 52-week low of $1.89 and a 52-week high of $7.73.

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

Institutional Investors Weigh In On Atomera

A number of hedge funds have recently made changes to their positions in the company. Quantum Private Wealth LLC grew its position in Atomera by 7.1% during the 2nd quarter. Quantum Private Wealth LLC now owns 488,308 shares of the technology company’s stock worth $2,461,000 after acquiring an additional 32,211 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Atomera during the fourth quarter worth $84,000. Nuveen LLC lifted its position in Atomera by 59.3% during the 4th quarter. Nuveen LLC now owns 60,813 shares of the technology company’s stock valued at $134,000 after purchasing an additional 22,644 shares during the period. Aristides Capital LLC acquired a new position in Atomera in the fourth quarter valued at approximately $74,000. Finally, Jane Street Group LLC raised its position in shares of Atomera by 243.1% during the 4th quarter. Jane Street Group LLC now owns 171,424 shares of the technology company’s stock valued at $379,000 after acquiring an additional 121,457 shares during the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.

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.