Nomura Securities Maintains a 'Buy' on Atmel (ATML); Adjusting Numbers After Samsung Loss
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: 12 | Down: 23 | New: 20
Rating Summary:
9 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Freedom Broker Upgrades PrimeEnergy Resource (PNRG) to Hold
- JPMorgan Upgrades Hyundai Marine and Fire Insurance (001450:KS) to Neutral
- EyePoint Inc. (EYPT) PT Lowered to $8 at Jefferies
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
NomuraSign 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!
