Atmel Corp (ATML) Reports In-Line Q3 EPS, Q4 Revenue Guidance Comes in Light

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Go back to Atmel Corp (ATML) Reports In-Line Q3 EPS, Q4 Revenue Guidance Comes in Light

Each Segment Down Q/Q as Atmel Corp (ATML) Guided; Canaccord Genuity Cuts Price Target to $8.85

October 29, 2015 10:17 AM EDT

Canaccord Genuity maintained a Hold rating on Atmel (NASDAQ: ATML), and cut the price target to $8.85 (from $9.50), following the company's 3Q earnings results. Atmel reported Q3/15 results with below consensus sales of $286.5M and inline non-GAAP EPS of $0.08. Each segment was down Q/Q as guided.

Analyst Matthew Ramsay commented, "Atmel reported Q3/15 results with revenue below... More