Canaccord Genuity Maintains a 'Buy' on Atmel (ATML); Seasonal Outlook for MCU
Tweet
Share
E-mailGet Alerts ATML Hot Sheet
Price: $8.14 --0%
Rating Summary:
9 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
9 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Canaccord Genuity maintains a 'Buy' on Atmel (NASDAQ: ATML) price target of $11.00.
Analyst, Bobby Burleson, said, "Atmel guided below consensus, driven by declines in its ASIC (military and aero) and memory (consumer and PC) divisions, while MCU (includes touch) was guided down in line with normal seasonality. With gross margins bottoming in Q1 and bookings improving across the core business, we expect the company to begin to hit and exceed estimates going forward."
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 $10.10 yesterday.
Analyst, Bobby Burleson, said, "Atmel guided below consensus, driven by declines in its ASIC (military and aero) and memory (consumer and PC) divisions, while MCU (includes touch) was guided down in line with normal seasonality. With gross margins bottoming in Q1 and bookings improving across the core business, we expect the company to begin to hit and exceed estimates going forward."
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 $10.10 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Viking Holdings (VIK) PT Raised to $82 at Mizuho
- Cummins (CMI) PT Lowered to $675 at Jefferies
- Rockwell Automation (ROK) PT Lowered to $490 at DA Davidson
Create E-mail Alert Related Categories
Analyst CommentsSign 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!
