Defender Capital LLC. Purchases New Stake in Atomera Incorporated $ATOM

Defender Capital LLC. purchased a new stake in Atomera Incorporated (NASDAQ:ATOM) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 295,450 shares of the technology company’s stock, valued at approximately $2,573,000. Atomera makes up 0.8% of Defender Capital LLC.’s investment portfolio, making the stock its 18th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ATOM. Quantum Private Wealth LLC increased its position in shares of Atomera by 13.6% in the fourth quarter. Quantum Private Wealth LLC now owns 598,847 shares of the technology company’s stock worth $1,323,000 after acquiring an additional 71,739 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Atomera by 73.9% in the 4th quarter. Wells Fargo & Company MN now owns 34,249 shares of the technology company’s stock valued at $76,000 after acquiring an additional 14,553 shares during the period. Aristides Capital LLC acquired a new position in shares of Atomera during the 4th quarter valued at $74,000. JPMorgan Chase & Co. lifted its holdings in shares of Atomera by 3,414.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,234 shares of the technology company’s stock valued at $72,000 after acquiring an additional 13,829 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new position in shares of Atomera during the 3rd quarter valued at $61,000. 30.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ATOM shares. Wall Street Zen upgraded Atomera from a “sell” rating to a “hold” rating in a report on Sunday. Weiss Ratings reissued a “sell (e+)” rating on shares of Atomera in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Atomera Stock Performance

NASDAQ:ATOM opened at $5.37 on Tuesday. The stock has a market cap of $207.93 million, a price-to-earnings ratio of -8.26 and a beta of 2.11. Atomera Incorporated has a one year low of $1.89 and a one year high of $12.36. The business’s 50-day simple moving average is $6.99 and its 200 day simple moving average is $6.09.

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

Insider Activity at Atomera

In other news, CFO Francis Laurencio sold 20,400 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was 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 directly owned 253,353 shares in the company, valued at approximately $2,391,652.32. This represents a 7.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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.