A total of 126,912 shares of the company’s stock traded hands.
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Atmel Corporation (NASDAQ:ATML)’s shares climbed 4.86% to $8.41.
Atmel (NASDAQ:ATML) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $3.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.13 by $0.05. Wedbush dropped their target price on Atmel from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Post opening the session at $8.12, the shares hit an intraday low of $7.96 and an intraday high of $8.16 and the price vacillated in this range throughout the day. During the same period a year ago, the company posted $0.09 earnings per share. The 52-week high of Atmel Corporation (NASDAQ:ATML) is $10.5 and the 52-week low is $5.84. The firm earned $322.10 million during the quarter, compared to analysts’ expectations of $321.24 million. Canaccord Genuity maintains their rating on the shares of Atmel Corporation (NASDAQ:ATML). The company’s quarterly revenue was down 13.8% compared to the same quarter past year. Shareholders of record on Monday, September 14th were issued a $0.04 dividend.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Valiton Robert E Jr, officer (SVP, General Manager) of Atmel Corp, unloaded 2,889 shares at an average price of $8.74 on May 27, 2015. The ex-dividend date of this dividend was Thursday, September 10th. The firm’s Debt to equity ratio was 2.00%.
Infosys (NYSE:INFY) was upgraded by research analysts at Societe Generale from a “sell” rating to a “hold” rating in a report issued on Monday, MarketBeat reports.
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Cypress’ attempt to disrupt Atmel’s deal with Dialog underscores the frenzy of mergers and acquisitions sweeping the semiconductor industry, as it responds to demand for cheaper chips and clients looking to reduce their number of suppliers. The Company operates through four segments: Microcontroller, Nonvolatile Memory, Automotive and Multi -Market and Other. The Nonvolatile Memory segment includes electrically erasable programmable read-only (NASDAQ:ATML), erasable programmable read-only memory (EPROM) devices and safe cryptographic products. The Productivity and Business Processes will include Office and Office 365 as well as its Dynamics and Dynamics CRM (consumer relationship management) online software. The Multi-Market and Other segment comprises application unique and conventional products for aerospace applications.
