Atmel Co. (NASDAQ:ATML) is scheduled to post its quarterly earnings results after the market closes on Tuesday, February 2nd. Analysts expect Atmel to post earnings of $0.07 per share for the quarter.

Atmel (NASDAQ:ATML) last announced its earnings results on Wednesday, October 28th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.08. The company had revenue of $286.50 million for the quarter, compared to analyst estimates of $292.95 million. Atmel’s revenue for the quarter was down 23.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.12 earnings per share. On average, analysts expect Atmel to post $0.33 EPS for the current fiscal year and $0.36 EPS for the next fiscal year.

Several analysts have weighed in on ATML shares. Needham & Company LLC reiterated a “hold” rating on shares of Atmel in a research note on Monday, December 14th. Topeka Capital Markets reiterated a “buy” rating and issued a $8.00 price objective (down previously from $10.00) on shares of Atmel in a research note on Thursday, October 29th. Canaccord Genuity reiterated a “hold” rating and issued a $8.85 price objective (down previously from $9.50) on shares of Atmel in a research note on Thursday, October 29th. Craig Hallum lifted their price objective on shares of Atmel from $8.15 to $10.42 and gave the stock a “hold” rating in a research note on Thursday, January 21st. Finally, SunTrust dropped their price objective on shares of Atmel from $8.83 to $8.15 and set a “neutral” rating for the company in a research note on Wednesday, January 20th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $9.29.

Shares of Atmel Co. (NASDAQ:ATML) traded up 0.25% during trading on Friday, hitting $8.06. 11,250,617 shares of the stock were exchanged. The firm has a 50 day moving average price of $8.30 and a 200 day moving average price of $8.23. The firm has a market capitalization of $3.39 billion and a P/E ratio of 212.11. Atmel Co. has a 52 week low of $5.84 and a 52 week high of $10.50.

Atmel Corporation is a designer, developer and supplier of microcontrollers. The Company operates through four segments: Microcontroller, Nonvolatile Memory, Automotive and Multi-Market and Other. The Microcontroller segment includes the Company’s general purpose microcontroller and microprocessor families, AVR 8-bit and 32-bit products, Atmel SMART ARM based products, its 8051 8-bit products, and designated commercial wireless products, among others. The Nonvolatile Memory segment includes electrically erasable programmable read-only (NASDAQ:ATML), erasable programmable read-only memory (EPROM) devices and secure cryptographic products. The Automotive segment includes devices for automotive electronics, including products using radio frequency technology. The Multi-Market and Other segment includes application specific and standard products for aerospace applications.

12 Month Chart for NASDAQ:ATML

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