Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 352,205 Atomera Incorporated $ATOM

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Atomera Incorporated (NASDAQ:ATOM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 352,205 shares of the technology company’s stock, valued at approximately $3,068,000. Connor Clark & Lunn Investment Management Ltd. owned 0.90% of Atomera at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Atomera during the 2nd quarter valued at about $26,047,000. Vanguard Group Inc. raised its position in Atomera by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,635,938 shares of the technology company’s stock worth $7,231,000 after purchasing an additional 15,450 shares during the period. Andar Capital Management HK Ltd bought a new stake in Atomera in the second quarter worth about $90,000,000. Geode Capital Management LLC lifted its stake in Atomera by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 740,985 shares of the technology company’s stock worth $1,638,000 after purchasing an additional 17,658 shares during the last quarter. Finally, Avenir Corp boosted its position in shares of Atomera by 1.7% during the fourth quarter. Avenir Corp now owns 614,385 shares of the technology company’s stock valued at $1,358,000 after buying an additional 10,000 shares during the period. Institutional investors own 30.79% of the company’s stock.

Atomera Price Performance

ATOM stock opened at $4.20 on Friday. The company has a market capitalization of $163.88 million, a PE ratio of -6.46 and a beta of 2.11. Atomera Incorporated has a 12 month low of $1.89 and a 12 month high of $12.36. The firm’s 50-day moving average is $5.91 and its 200 day moving average is $6.29.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ATOM shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atomera in a research note on Wednesday, August 12th. Wall Street Zen cut Atomera from a “hold” rating to a “sell” rating in a report on Monday, August 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Atomera currently has a consensus rating of “Sell”.

Insider Activity at Atomera

In other news, CFO Francis Laurencio sold 20,400 shares of Atomera 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 sale, the chief financial officer owned 253,353 shares of the company’s stock, valued at approximately $2,391,652.32. The trade was a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 8.10% of the company’s stock.

Atomera 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.