Atomera Incorporated $ATOM Shares Bought by Quantum Private Wealth LLC

Quantum Private Wealth LLC raised its stake in Atomera Incorporated (NASDAQ:ATOM) by 13.6% during the fourth quarter, Holdings Channel reports. The firm owned 598,847 shares of the technology company’s stock after purchasing an additional 71,739 shares during the period. Quantum Private Wealth LLC’s holdings in Atomera were worth $1,323,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Atomera by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,635,938 shares of the technology company’s stock valued at $7,231,000 after purchasing an additional 15,450 shares during the last quarter. Geode Capital Management LLC lifted its position in Atomera by 98.3% during the second quarter. Geode Capital Management LLC now owns 719,509 shares of the technology company’s stock valued at $3,627,000 after buying an additional 356,579 shares in the last quarter. Westside Investment Management Inc. lifted its position in Atomera by 15.1% during the third quarter. Westside Investment Management Inc. now owns 187,952 shares of the technology company’s stock valued at $831,000 after buying an additional 24,625 shares in the last quarter. UBS Group AG lifted its position in Atomera by 45.1% during the third quarter. UBS Group AG now owns 170,163 shares of the technology company’s stock valued at $752,000 after buying an additional 52,920 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Atomera by 82.3% during the first quarter. Goldman Sachs Group Inc. now owns 140,254 shares of the technology company’s stock valued at $561,000 after buying an additional 63,305 shares in the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.

Atomera Stock Down 6.5%

Shares of ATOM stock opened at $7.49 on Wednesday. The stock has a market cap of $290.01 million, a price-to-earnings ratio of -11.52 and a beta of 2.00. Atomera Incorporated has a fifty-two week low of $1.89 and a fifty-two week high of $11.48. The firm’s 50 day moving average price is $5.95 and its two-hundred day moving average price is $4.00.

Atomera (NASDAQ:ATOM) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The business had revenue of $0.01 million for the quarter, compared to analysts’ expectations of $0.08 million.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ATOM shares. Wall Street Zen raised shares of Atomera from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atomera in a research report on Friday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Atomera currently has a consensus rating of “Sell”.

Atomera 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.