Atomera (NASDAQ:ATOM) CFO Sells $192,576.00 in Stock

Atomera Incorporated (NASDAQ:ATOMGet Free Report) CFO Francis Laurencio sold 20,400 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $9.44, for a total value of $192,576.00. Following the sale, the chief financial officer directly owned 253,353 shares of the company’s stock, valued at approximately $2,391,652.32. This trade represents a 7.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Atomera Stock Down 7.3%

NASDAQ:ATOM traded down $0.64 on Wednesday, reaching $8.17. The company’s stock had a trading volume of 1,239,635 shares, compared to its average volume of 1,398,188. Atomera Incorporated has a 12-month low of $1.89 and a 12-month high of $12.36. The firm has a market cap of $316.34 million, a price-to-earnings ratio of -12.57 and a beta of 2.04. The stock has a 50 day moving average price of $7.98 and a 200 day moving average price of $5.00.

Atomera (NASDAQ:ATOMGet Free Report) last posted its earnings results on Tuesday, May 5th. The technology company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The business had revenue of $0.01 million during the quarter, compared to the consensus estimate of $0.08 million.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ATOM shares. Wall Street Zen raised Atomera from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of Atomera in a research report on Friday, May 15th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Atomera currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Report on Atomera

Hedge Funds Weigh In On Atomera

Several institutional investors have recently bought and sold shares of ATOM. Goldman Sachs Group Inc. grew its position in 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 acquiring an additional 63,305 shares in the last quarter. Geode Capital Management LLC grew 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 acquiring an additional 356,579 shares in the last quarter. JPMorgan Chase & Co. grew its position in 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 acquiring an additional 13,829 shares in the last quarter. Rhumbline Advisers acquired a new position in Atomera in the 2nd quarter valued at about $230,000. Finally, XTX Topco Ltd grew its position in Atomera by 147.7% in the 2nd quarter. XTX Topco Ltd now owns 25,473 shares of the technology company’s stock valued at $128,000 after acquiring an additional 15,188 shares in the last quarter. 30.79% of the stock is owned by institutional investors and hedge funds.

Atomera Company Profile

(Get Free Report)

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.

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