Atomera Target of Unusually High Options Trading (NASDAQ:ATOM)

Atomera Incorporated (NASDAQ:ATOM) was the target of some unusual options trading on Wednesday. Traders purchased 4,333 call options on the company. This represents an increase of 585% compared to the average daily volume of 633 call options.

Atomera Stock Up 10.5%

Shares of ATOM traded up $0.60 during trading on Wednesday, reaching $6.33. 6,225,162 shares of the company traded hands, compared to its average volume of 2,661,579. The stock has a 50-day simple moving average of $2.57 and a 200-day simple moving average of $3.10. The stock has a market cap of $200.54 million, a PE ratio of -9.74 and a beta of 1.06. Atomera has a twelve month low of $1.89 and a twelve month high of $7.73.

Atomera (NASDAQ:ATOM) last announced its earnings results on Thursday, February 12th. The technology company reported ($0.14) EPS for the quarter, meeting analysts’ consensus estimates of ($0.14). The firm had revenue of $0.05 million for the quarter, compared to analysts’ expectations of $0.10 million.

Institutional Trading of Atomera

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC grew its holdings in Atomera by 219.8% in the second quarter. Chicago Partners Investment Group LLC now owns 33,416 shares of the technology company’s stock valued at $177,000 after purchasing an additional 22,966 shares during the last quarter. Quantum Private Wealth LLC lifted its position 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 valued at $2,461,000 after acquiring an additional 32,211 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Atomera in the 4th quarter valued at about $84,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Atomera by 461.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 17,891 shares of the technology company’s stock worth $90,000 after purchasing an additional 14,704 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Atomera by 12.5% during the fourth quarter. Barclays PLC now owns 47,051 shares of the technology company’s stock worth $104,000 after buying an additional 5,220 shares in the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.

About Atomera

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.