FBR Capital Maintains a 'Market Perform' on Atmel (ATML); On the Road Again (Again): MCU and Touch Growth Likely to Continue
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Price: $8.14 --0%
Rating Summary:
9 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
9 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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FBR Capital maintains a 'Market Perform' on Atmel (NASDAQ: ATML), PT $17.
FBR analyst says, "We could look to get more constructive on shares of ATML at a time and a price that we are comfortable with, likely closer to $12–$13. Indeed, Atmel should continue to gain share in microcontrollers (MCU) and touchscreen controllers, with Atmel nicely exposed to the most favorable end markets of industrial, automotive, and smartphones/tablets. While shares could fall near term if macro risks heat up, or if momentum investors move out of the name, we would view a pullback to $12 as an attractive price given Atmel's likely revenue and earnings growth in coming years, its broadbased MCU portfolio, winning AVR architecture, meaningfully increasing R&D investments, and strength in its maXTouch market position."
For more ratings news on Atmel click here and for the rating history of Atmel click here.
Shares of Atmel closed at $15.28 yesterday.
FBR analyst says, "We could look to get more constructive on shares of ATML at a time and a price that we are comfortable with, likely closer to $12–$13. Indeed, Atmel should continue to gain share in microcontrollers (MCU) and touchscreen controllers, with Atmel nicely exposed to the most favorable end markets of industrial, automotive, and smartphones/tablets. While shares could fall near term if macro risks heat up, or if momentum investors move out of the name, we would view a pullback to $12 as an attractive price given Atmel's likely revenue and earnings growth in coming years, its broadbased MCU portfolio, winning AVR architecture, meaningfully increasing R&D investments, and strength in its maXTouch market position."
For more ratings news on Atmel click here and for the rating history of Atmel click here.
Shares of Atmel closed at $15.28 yesterday.
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