Atomera (NASDAQ:ATOM) CFO Sells $23,755.05 in Stock

Atomera Incorporated (NASDAQ:ATOM) CFO Francis Laurencio sold 4,799 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $4.95, for a total value of $23,755.05. Following the sale, the chief financial officer owned 145,459 shares in the company, valued at approximately $720,022.05. The trade was a 3.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Atomera Stock Down 8.2%

Shares of NASDAQ:ATOM traded down $0.43 during midday trading on Tuesday, reaching $4.81. The company’s stock had a trading volume of 1,521,855 shares, compared to its average volume of 5,345,019. The stock has a fifty day moving average of $3.24 and a 200 day moving average of $3.23. The firm has a market capitalization of $186.15 million, a PE ratio of -7.40 and a beta of 0.93. Atomera Incorporated has a twelve month low of $1.89 and a twelve month high of $7.73.

Atomera (NASDAQ:ATOM) last issued its quarterly earnings data on Thursday, February 12th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.14). The company had revenue of $0.05 million during the quarter, compared to analyst estimates of $0.10 million.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Atomera from a “sell” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Atomera presently has a consensus rating of “Sell”.

Institutional Trading of Atomera

A number of hedge funds and other institutional investors have recently made changes to their positions in ATOM. Goldman Sachs Group Inc. lifted its stake in shares of Atomera by 82.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 140,254 shares of the technology company’s stock valued at $561,000 after purchasing an additional 63,305 shares during the last quarter. Geode Capital Management LLC boosted its position in Atomera by 98.3% in the 2nd 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 during the period. Police & Firemen s Retirement System of New Jersey acquired a new position in Atomera during the 2nd quarter worth $35,000. Intech Investment Management LLC purchased a new stake in shares of Atomera during the second quarter worth approximately $74,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Atomera by 3,414.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,234 shares of the technology company’s stock valued at $72,000 after purchasing an additional 13,829 shares in the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.

Atomera Company 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.