NEW YORK (

TheStreet

) --

Atmel Corporation

(Nasdaq:

ATML

) hit a new 52-week low Thursday as it is currently trading at $6.91, below its previous 52-week low of $6.96 with 1.4 million shares traded as of 11:20 a.m. ET. Average volume has been 7.7 million shares over the past 30 days.

Atmel has a market cap of $3.3 billion and is part of the

technology

sector and

electronics

industry. Shares are down 11.7% year to date as of the close of trading on Wednesday.

Atmel Corporation designs, develops, manufactures, and sells semiconductor integrated circuit (IC) products. The company has a P/E ratio of 12.8, below the average electronics industry P/E ratio of 13.1 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Atmel as a

hold

. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow. You can view the full

Atmel Ratings Report

.

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