Scott A. Bibaud Sells 7,873 Shares of Atomera Incorporated (NASDAQ:ATOM) Stock

Atomera Incorporated (NASDAQ:ATOM – Get Rating) CEO Scott A. Bibaud sold 7,873 shares of Atomera stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $9.00, for a total value of $70,857.00. Following the completion of the sale, the chief executive officer now owns 310,275 shares of the company’s stock, valued at $2,792,475. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Atomera Trading Down 0.6 %

Atomera stock opened at $8.65 on Friday. The business has a 50-day simple moving average of $7.47 and a two-hundred day simple moving average of $7.17. The company has a market cap of $211.16 million, a P/E ratio of -10.95 and a beta of 1.58. Atomera Incorporated has a 52-week low of $5.03 and a 52-week high of $15.10. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.16.

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Atomera (NASDAQ:ATOM – Get Rating) last released its quarterly earnings results on Wednesday, April 26th. The technology company reported ($0.21) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Atomera

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Atomera by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,120,202 shares of the technology company’s stock valued at $11,348,000 after purchasing an additional 41,992 shares during the period. Geode Capital Management LLC lifted its position in shares of Atomera by 5.7% during the 1st quarter. Geode Capital Management LLC now owns 433,496 shares of the technology company’s stock valued at $2,761,000 after buying an additional 23,470 shares in the last quarter. State Street Corp lifted its position in shares of Atomera by 0.3% during the 2nd quarter. State Street Corp now owns 392,760 shares of the technology company’s stock valued at $3,684,000 after buying an additional 1,355 shares in the last quarter. Industrial Alliance Investment Management Inc. lifted its position in shares of Atomera by 0.7% during the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 331,771 shares of the technology company’s stock valued at $3,361,000 after buying an additional 2,170 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of Atomera by 20.7% during the 1st quarter. Baird Financial Group Inc. now owns 280,350 shares of the technology company’s stock valued at $3,661,000 after buying an additional 48,003 shares in the last quarter. 31.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Craig Hallum lifted their price objective on Atomera from $13.00 to $17.00 in a report on Thursday, April 27th.

Atomera Company Profile

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Atomera, Inc engages in the development, commercializing, and licensing of proprietary processes and technologies for the semiconductor industry. It developed Mears Silicon Technology, which increases performance and power efficiency in semiconductor transistors. The company was founded by Robert Mears in November 26, 2001 and is headquartered in Los Gatos, CA.

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