Atomera Inc (ATOM) Stake Raised by Hollencrest Capital Management
Hollencrest Capital Management lifted its position in Atomera Inc (NASDAQ:ATOM) by 3.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 760,040 shares of the technology company’s stock after purchasing an additional 28,279 shares during the period. Hollencrest Capital Management owned about 0.06% of Atomera worth $3,290,000 at the end of the most recent reporting period.
Separately, Vanguard Group Inc. raised its stake in Atomera by 63.2% in the second quarter. Vanguard Group Inc. now owns 222,292 shares of the technology company’s stock valued at $958,000 after purchasing an additional 86,101 shares in the last quarter. Hedge funds and other institutional investors own 17.17% of the company’s stock.
Shares of Atomera Inc (NASDAQ:ATOM) traded up $0.23 on Friday, reaching $4.95. 8,100 shares of the company were exchanged, compared to its average volume of 16,367. The stock has a market capitalization of $57.40, a P/E ratio of -4.34 and a beta of 0.58. Atomera Inc has a 1-year low of $2.45 and a 1-year high of $7.64.
In related news, Director Rolf Stadheim bought 25,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were acquired at an average cost of $4.22 per share, with a total value of $105,500.00. Following the completion of the purchase, the director now directly owns 358,831 shares of the company’s stock, valued at approximately $1,514,266.82. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.60% of the company’s stock.
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Atomera Incorporated, formerly MEARS Technologies, Inc, is a development-stage company. The Company is engaged in the development, commercialization and licensing of processes and technologies for the semiconductor industry. The Company’s technology, named Mears Silicon Technology (MST), is a thin film of reengineered silicon, typically 100 to 300 angstroms (or approximately 20 to 60 silicon atomic unit cells) thick.
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