Atmel Corp (ATML) Reports In-Line Q2 EPS

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Go back to Atmel Corp (ATML) Reports In-Line Q2 EPS

BofA/Merrill Lynch Downgrades Atmel (ATML) to Neutral

August 7, 2014 6:59 AM EDT

BofA/Merrill Lynch downgraded Atmel (NASDAQ: ATML) from Buy to Neutral with a price target of $9.00 (from $10.00) following in-line Q2 but a sluggish outlook.

Analyst Vivek Arya notes 1) continued volatility/overhang from smartphones/tablet touch IC; 2) inconsistent record of results/guidance versus Street expectations; 3)... More