FBR Upgrades Atmel (ATML) to Outperform

May 4, 2009 3:08 PM EDT

Friedman Billings Ramsey upgrades Atmel (Nasdaq: ATML) from Market Perform to Outperform.

The upgrade comes ahead of Atmel's Q1 results, which are due out tomorrow, May 5. Shares of Atmel are currently trading about 6% higher today, most recently trading at $4.02.

Atmel Corporation designs, develops, manufactures, and markets a range of semiconductor integrated circuits (IC) products.


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