Atmel (ATML) PT, Estimates Trimmed at BofA/Merrill Lynch on Muted Growth
Get Alerts ATML Hot Sheet
Rating Summary:
9 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 20 | Down: 14 | New: 22
Join SI Premium – FREE
BofA/Merrill Lynch analyst Vivek Arya reiterated a Neutral rating and trimmed his price target on Atmel (NASDAQ: ATML) to $8.00 (from $9.00) following in-line Q3 results but disappointing guidance. The analyst notes muted growth was offset by GM expansion.
The firm trims CY14/CY15 EPS by 3c/14c to $0.36/$0.44.
Ayra highlights: 1) 1H15 visibility remains limited pressuring CY15 rev growth, especially for largest segment industrial (~40%); 2) Max touch continues to disappoint (competition, Samsung); and 3) lumpy execution and persistent inability to beat Street expectations in outer quarter.
For an analyst ratings summary and ratings history on Atmel click here. For more ratings news on Atmel click here.
Shares of Atmel closed at $7.23 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Mizuho Downgrades Amylyx Pharmaceuticals inc. (AMLX) to Neutral
- JPMorgan Downgrades Intrum AB (INTRUM:SS) to Underweight
- Matador Resources Company (MTDR) PT Raised to $76 at Mizuho
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!