Nomura Securities Starts Atmel (ATML) at Buy; Well Positioned for Long-Term

Nomura Securities initiates coverage on Atmel (NASDAQ: ATML) with a Buy. PT $12.00.

Analyst, Sidney Ho, said, "The market’s enthusiasm around an expected cyclical upturn in the semiconductor industry has helped lift Atmel’s stock price over the past three months by 26%, better than the broader SOX index (+20%). Nevertheless, we think Atmel’s longer-term opportunities are not yet fully appreciated by the market. The company is poised to see margin leverage and market share gains from a richer mix of microcontrollers, including Touch, and an additional boost from a shift to more profitable segments."

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 $10.37 yesterday.

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