Atomera (ATOM) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Atomera (NASDAQ:ATOM) issued its earnings results on Tuesday. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.03), Bloomberg Earnings reports. The firm had revenue of $0.15 million for the quarter, compared to analyst estimates of $0.25 million.

Shares of Atomera stock opened at $3.75 on Wednesday. The firm has a market capitalization of $55.78 million, a PE ratio of -3.47 and a beta of 2.03. Atomera has a 12-month low of $2.33 and a 12-month high of $8.00.

A number of large investors have recently modified their holdings of ATOM. Hollencrest Capital Management boosted its stake in Atomera by 122.7% during the 3rd quarter. Hollencrest Capital Management now owns 861,070 shares of the technology company’s stock worth $5,149,000 after purchasing an additional 474,488 shares during the period. Sargent Investment Group LLC acquired a new stake in Atomera during the 4th quarter worth $146,000. Jane Street Group LLC acquired a new stake in Atomera during the 3rd quarter worth $124,000. Sigma Planning Corp acquired a new stake in Atomera during the 4th quarter worth $55,000. Finally, Bank of New York Mellon Corp acquired a new stake in Atomera during the 4th quarter worth $47,000. Hedge funds and other institutional investors own 17.01% of the company’s stock.

Several brokerages have recently issued reports on ATOM. Roth Capital began coverage on shares of Atomera in a report on Thursday, October 18th. They issued a “buy” rating and a $8.00 target price for the company. ValuEngine cut shares of Atomera from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Zacks Investment Research cut shares of Atomera from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th.

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About Atomera

Atomera Incorporated engages in the business of developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry. Its 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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Earnings History for Atomera (NASDAQ:ATOM)

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