Atomera (NASDAQ:ATOM) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Atomera (NASDAQ:ATOM) from a sell rating to a hold rating in a research note released on Saturday morning.

Atomera Stock Performance

NASDAQ:ATOM opened at $5.04 on Friday. The company has a market cap of $195.05 million, a PE 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. The stock has a 50-day simple moving average of $3.13 and a 200 day simple moving average of $3.21.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in Atomera by 98.3% during the 2nd quarter. Geode Capital Management LLC now owns 719,509 shares of the technology company’s stock worth $3,627,000 after buying an additional 356,579 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Atomera in the 4th quarter valued at about $396,000. Jane Street Group LLC increased its position in shares of Atomera by 243.1% in the fourth 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. XTX Topco Ltd acquired a new stake in shares of Atomera in the fourth quarter valued at about $213,000. Finally, Quantum Private Wealth LLC raised its holdings in Atomera by 13.6% during the fourth quarter. Quantum Private Wealth LLC now owns 598,847 shares of the technology company’s stock worth $1,323,000 after acquiring an additional 71,739 shares in the last quarter. Institutional investors 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.