Shares of Atmel Co. (NASDAQ:ATML) have been given a consensus rating of “Hold” by the sixteen analysts that are presently covering the firm,AnalystRatingsNetwork.com reports. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $8.53.

Atmel (NASDAQ:ATML) opened at 8.11 on Monday. Atmel has a 52-week low of $5.84 and a 52-week high of $10.50. The stock has a market capitalization of $3.42 billion and a P/E ratio of 135.17. The stock has a 50 day moving average of $8.09 and a 200 day moving average of $8.21.

Atmel (NASDAQ:ATML) last released its quarterly earnings results on Monday, February 29th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.01. During the same period in the prior year, the business posted $0.12 earnings per share. The business earned $286.50 million during the quarter, compared to analysts’ expectations of $261.30 million. The firm’s revenue was down 24.5% on a year-over-year basis. On average, equities research analysts forecast that Atmel will post $0.35 EPS for the current year.

In related news, SVP Scott M. Wornow sold 225,000 shares of Atmel stock in a transaction that occurred on Monday, February 29th. The stock was sold at an average price of $8.09, for a total value of $1,820,250.00. Following the transaction, the senior vice president now directly owns 364,728 shares of the company’s stock, valued at $2,950,649.52. The transaction was disclosed in a legal filing with the SEC, which is available throughthis hyperlink. Also, SVP Reza Kazerounian sold 83,513 shares of Atmel stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $8.06, for a total value of $673,114.78. Following the completion of the transaction, the senior vice president now directly owns 813,725 shares in the company, valued at $6,558,623.50. The disclosure for this sale can be found here.

Several institutional investors recently bought and sold shares of the company. HL Financial Services LLC raised its position in Atmel by 11.1% in the fourth quarter. HL Financial Services LLC now owns 158,541 shares of the company’s stock worth $1,365,000 after buying an additional 15,837 shares in the last quarter. Cheyne Capital Management acquired a new stake in shares of Atmel during the fourth quarter worth $32,180,000. Finally, Water Island Capital acquired a new stake in shares of Atmel during the third quarter worth $2,232,000.

A number of equities analysts have weighed in on ATML shares. Zacks Investment Researchdowngraded Atmel from a “hold” rating to a “sell” rating in a research report on Tuesday, January 19th. FBR & Co. reaffirmed a “market perform” rating on shares of Atmel in a research report on Thursday, January 14th. Wedbush reduced their price target on Atmel from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, January 14th. Canaccord Genuity reaffirmed a “hold” rating and set a $8.15 price target (down previously from $8.85) on shares of Atmel in a research report on Thursday, January 14th. Finally, Barclays reduced their price target on Atmel from $9.00 to $8.00 in a research report on Thursday, January 14th.

Atmel Corporation is a designer, developer and supplier of microcontrollers. The Company operates through four segments: Microcontroller, Nonvolatile Memory, Automotive and Multi-Market and Other. The Microcontroller segment includes the Company’s general purpose microcontroller and microprocessor families, AVR 8-bit and 32-bit products, Atmel SMART ARM based products, its 8051 8-bit products, and designated commercial wireless products, among others.