Gordy Holterman increased its stake in Atmel Corp (NASDAQ:ATML) by 234.95% based on its latest 2016Q1 regulatory filing with the SEC. Overland Advisors Llc bought 6.14 million shares as the company’s stock 0.00% . The hedge fund run by Gordy Holterman held 8.76 million shares of the semiconductors company at the end of 2016Q1, valued at $71.14 million, up from 2.62 million at the end of the previous reported quarter. Overland Advisors Llc who had been investing in Atmel Corp for a number of months, seems to be bullish on the $3.43 billion market cap company. The stock closed at $8.14 during the last session. It is down 6.00% since June 28, 2016 and is uptrending. It has underperformed by 1.20% the S&P500.

Overland Advisors Llc, which manages about $4.50 billion and $2.08B US Long portfolio, decreased its stake in Microsoft Corp (Call) (NASDAQ:MSFT) by 85,300 shares to 250,000 shares, valued at $13.81 million in 2016Q1, according to the filing. It also reduced its holding in Select Sector Spdr Tr (Call) (XLV) by 900,000 shares in the quarter, leaving it with 550,000 shares, and cut its stake in Gogo Inc (NASDAQ:GOGO).

Overland Advisors Llc is a California-based hedge fund that was founded by Gordy Holterman And Derek Dunn. It had more than $4.50 billion assets under management in October, 2014. Taken from Overland Advisors latest Adv, the fund reported to have 30 full and part-time employees. Among which 18 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

 

 

 

The institutional sentiment increased to 1.13 in 2016 Q1. Its up 0.30, from 0.83 in 2015Q4. The ratio is positive, as 41 funds sold all ATML shares owned while 61 reduced positions. 29 funds bought stakes while 86 increased positions. They now own 330.32 million shares or 1.92% less from 336.80 million shares in 2015Q4.

Coastland Capital Llc holds 3.41% of its portfolio in ATML for 8.76 million shares. Alpine Associates Management Inc. owns 10.79 million shares or 3.01% of their US portfolio. Moreover, Hutchin Hill Capital Lp has 2.81% invested in the company for 11.81 million shares. The Illinois-based Magnetar Financial Llc has invested 1.95% in the stock. Arrowgrass Capital Partners (Us) Lp, a New York-based fund reported 16.22 million shares.

Out of 8 analysts covering Atmel (NASDAQ:ATML), 1 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 13% are positive. Atmel has been the topic of 19 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Craig Hallum maintained the stock on January 21 with “Hold” rating.

Atmel Corporation supplies microcontrollers. The company has a market cap of $3.43 billion. The Firm operates through four divisions: Microcontroller, Nonvolatile Memory, Automotive and Multi-Market and Other. It has a 126.93 P/E ratio. The Microcontroller segment includes its microcontroller and microprocessor families; AVR 8-bit and 32-bit products; Atmel SMART ARM products; designated commercial wireless products, including low power radio and System-on-a-chip products; optimized products for smart energy, touch button, and mobile sensor hub and Light Emitting Diode lighting applications, and maXTouch capacitive touch product families.

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