Atomera (NASDAQ:ATOM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Atomera Incorporated is involved in the business of developing, commercializing and licensing proprietary processes and technologies for the semiconductor industry. It developed Mears Silicon Technology (TM) for semiconductor transistors. Atomera Incorporated is headquartered in Los Gatos, California. “

Separately, ValuEngine raised Atomera from a “hold” rating to a “buy” rating in a report on Friday, July 26th.

ATOM traded up $0.08 during trading on Tuesday, reaching $3.75. 23,534 shares of the company were exchanged, compared to its average volume of 55,620. The company’s 50-day moving average is $4.40 and its two-hundred day moving average is $4.02. The company has a market cap of $62.49 million, a price-to-earnings ratio of -3.68 and a beta of 0.86. Atomera has a 12-month low of $2.33 and a 12-month high of $6.45.

Atomera (NASDAQ:ATOM) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.03). The company had revenue of $0.07 million during the quarter, compared to analyst estimates of $0.13 million. Equities analysts predict that Atomera will post -0.87 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Weybosset Research & Management LLC increased its stake in Atomera by 38.3% in the 2nd quarter. Weybosset Research & Management LLC now owns 26,420 shares of the technology company’s stock worth $133,000 after acquiring an additional 7,320 shares during the last quarter. Westside Investment Management Inc. bought a new position in Atomera in the 2nd quarter worth about $7,204,000. AWM Investment Company Inc. increased its stake in Atomera by 13.7% in the 2nd quarter. AWM Investment Company Inc. now owns 1,659,450 shares of the technology company’s stock worth $8,347,000 after acquiring an additional 200,000 shares during the last quarter. Avenir Corp increased its stake in Atomera by 7.6% in the 2nd quarter. Avenir Corp now owns 156,506 shares of the technology company’s stock worth $787,000 after acquiring an additional 11,116 shares during the last quarter. Finally, Sargent Investment Group LLC increased its stake in Atomera by 13.3% in the 2nd quarter. Sargent Investment Group LLC now owns 71,855 shares of the technology company’s stock worth $361,000 after acquiring an additional 8,420 shares during the last quarter. 20.36% of the stock is currently owned by institutional investors and hedge funds.

Atomera Company Profile

Atomera Incorporated engages in developing, commercializing, and licensing proprietary materials, processes, and technologies for the semiconductor industry primarily in Europe and the Asia Pacific. The company's lead technology is Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.

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