Nomura Securities Maintains a 'Buy' on Atmel (ATML); Adjusting Numbers After Samsung Loss
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Price: $7.43 +2.91%
Rating Summary:
16 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
16 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade ATML Now!
Nomura Securities maintains a 'Buy' on Atmel (NASDAQ: ATML) price target lowered from $12 to $9.
Analyst, Sidney Ho, said, "The design loss at Samsung is clearly disappointing. Atmel’s loss raises questions about the long-term health of the touch market. Our checks indicate market share shifts among the top four suppliers, but smaller suppliers have yet to gain significant share. In addition, ATML has a strong MCU franchise with margin expansion. Our EPS estimate (ex-stock comp) for 2012 decreases from $0.64 to $0.49, and our 2013 estimate decreases from $0.95 to $0.80...At 9x 2013E EPS, the stock is trading at the bottom of the 12-month range (6.9x to 13.4x). This implies a favorable risk-reward by a factor of 2-to-1."
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 $7.41 yesterday, with a 52 week range of $7.36-$15.40.
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Analyst, Sidney Ho, said, "The design loss at Samsung is clearly disappointing. Atmel’s loss raises questions about the long-term health of the touch market. Our checks indicate market share shifts among the top four suppliers, but smaller suppliers have yet to gain significant share. In addition, ATML has a strong MCU franchise with margin expansion. Our EPS estimate (ex-stock comp) for 2012 decreases from $0.64 to $0.49, and our 2013 estimate decreases from $0.95 to $0.80...At 9x 2013E EPS, the stock is trading at the bottom of the 12-month range (6.9x to 13.4x). This implies a favorable risk-reward by a factor of 2-to-1."
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 $7.41 yesterday, with a 52 week range of $7.36-$15.40.
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