Atmel Co. (NASDAQ:ATML) announced its earnings results on Monday. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.01, ARN reports. During the same period in the prior year, the company earned $0.12 earnings per share. The firm earned $286.50 million during the quarter, compared to analysts’ expectations of $261.30 million. The business’s quarterly revenue was down 24.5% on a year-over-year basis.

Atmel (NASDAQ:ATML) opened at 8.08 on Tuesday. Atmel has a 12-month low of $5.84 and a 12-month high of $10.50. The company has a market capitalization of $3.40 billion and a PE ratio of 212.63. The stock’s 50 day moving average price is $8.02 and its 200 day moving average price is $8.16.

Several brokerages have recently issued reports on ATML. Morgan Stanley lowered Atmel from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 19th. Zacks Investment Research downgraded Atmel from a “hold” rating to a “sell” rating in a research note on Tuesday, January 19th. FBR & Co. restated a “market perform” rating on shares of Atmel in a research note on Thursday, January 14th. Canaccord Genuity restated a “hold” rating and issued a $8.15 price target (down previously from $8.85) on shares of Atmel in a research note on Thursday, January 14th. Finally, SunTrust cut their price target on Atmel from $8.83 to $8.15 and set a “neutral” rating on the stock in a research note on Wednesday, January 20th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.29.

In related news, SVP Scott M. Wornow sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 17th. The shares were sold at an average price of $8.05, for a total value of $402,500.00. Following the completion of the transaction, the senior vice president now owns 581,336 shares of the company’s stock, valued at $4,679,754.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Papken Der Torossian sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 25th. The stock was sold at an average price of $8.09, for a total transaction of $80,900.00. Following the completion of the transaction, the director now directly owns 128,006 shares of the company’s stock, valued at approximately $1,035,568.54. The disclosure for this sale can be found here.

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.