Atomera Incorporated $ATOM Position Lifted by Defender Capital LLC.

Defender Capital LLC. lifted its holdings in shares of Atomera Incorporated (NASDAQ:ATOM) by 101.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 594,450 shares of the technology company’s stock after purchasing an additional 299,000 shares during the quarter. Atomera comprises about 0.8% of Defender Capital LLC.’s investment portfolio, making the stock its 18th biggest position. Defender Capital LLC.’s holdings in Atomera were worth $2,592,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ATOM. Legal & General Group Plc purchased a new position in Atomera during the second quarter worth about $32,000. SCS Capital Management LLC purchased a new stake in Atomera in the 2nd quarter valued at about $87,000. The Manufacturers Life Insurance Company purchased a new stake in Atomera in the 2nd quarter valued at about $89,000. Bank of New York Mellon Corp increased its stake in shares of Atomera by 17.1% during the 1st quarter. Bank of New York Mellon Corp now owns 70,629 shares of the technology company’s stock valued at $269,000 after acquiring an additional 10,296 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Atomera by 55.6% during the 2nd quarter. HighTower Advisors LLC now owns 30,148 shares of the technology company’s stock valued at $263,000 after acquiring an additional 10,777 shares during the last quarter. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Atomera from a “hold” rating to a “sell” rating in a research report on Monday, August 17th. Weiss Ratings lowered shares of Atomera from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, September 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Atomera Stock Performance

Atomera stock traded up $0.33 during midday trading on Thursday, reaching $4.69. The stock had a trading volume of 947,693 shares, compared to its average volume of 1,661,082. The stock’s 50-day simple moving average is $4.64 and its 200 day simple moving average is $6.20. Atomera Incorporated has a twelve month low of $1.89 and a twelve month high of $12.36. The stock has a market capitalization of $183.00 million, a PE ratio of -7.22 and a beta of 2.02.

Atomera (NASDAQ:ATOM) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The firm had revenue of $0.16 million for the quarter, compared to analyst estimates of $0.10 million. Atomera had a negative return on equity of 77.91% and a negative net margin of 9,742.17%.

Atomera Profile

Atomera Incorporated is a semiconductor materials and technology company that develops and licenses process technologies designed to improve the performance, power efficiency and scalability of semiconductor devices. Its primary technology is Mears Silicon Technology (MST), a proprietary materials engineering approach that incorporates ultra-thin layers into silicon transistor structures.

MST is intended to enhance transistor characteristics such as carrier mobility and leakage control, potentially enabling semiconductor manufacturers to achieve improved performance or lower power consumption without requiring a complete redesign of their manufacturing processes.