Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Atomera Incorporated (NASDAQ:ATOM – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 352,205 shares of the technology company’s stock, valued at approximately $3,068,000.
A number of other hedge funds also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its stake in Atomera by 82.3% in the first quarter. Goldman Sachs Group Inc. now owns 140,254 shares of the technology company’s stock worth $561,000 after acquiring an additional 63,305 shares during the period. Geode Capital Management LLC increased 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 valued at $3,627,000 after purchasing an additional 356,579 shares during the period. 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. Rhumbline Advisers bought a new stake in shares of Atomera in the 2nd quarter valued at about $230,000. Finally, XTX Topco Ltd lifted its position in shares of Atomera by 147.7% in the 2nd quarter. XTX Topco Ltd now owns 25,473 shares of the technology company’s stock worth $128,000 after purchasing an additional 15,188 shares during the period. 30.79% of the stock is owned by hedge funds and other institutional investors.
Atomera Price Performance
ATOM opened at $4.20 on Friday. The business’s 50-day moving average is $5.91 and its two-hundred day moving average is $6.29. Atomera Incorporated has a 1 year low of $1.89 and a 1 year high of $12.36. The firm has a market capitalization of $163.88 million, a PE ratio of -6.46 and a beta of 2.11.
Insider Activity
In related news, CFO Francis Laurencio sold 20,400 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $9.44, for a total transaction of $192,576.00. Following the completion of the transaction, the chief financial officer owned 253,353 shares in the company, valued at $2,391,652.32. The trade was a 7.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.10% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on ATOM. Wall Street Zen lowered shares of Atomera from a “hold” rating to a “sell” rating in a report on Monday, August 17th. Weiss Ratings restated a “sell (e+)” rating on shares of Atomera in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Report on Atomera
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.
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