NEW YORK ( TheStreet) -- Atmel Corporation (Nasdaq: ATML) hit a new 52-week low Monday as it is currently trading at $7.66, below its previous 52-week low of $7.74 with 5.4 million shares traded as of 1:55 p.m. ET. Average volume has been 9.2 million shares over the past 30 days.

Atmel has a market cap of $3.8 billion and is part of the technology sector and electronics industry. Shares are down 34.5% year to date as of the close of trading on Friday.

Atmel Corporation designs, develops, manufactures, and markets a range of semiconductor integrated circuit (IC) products. The company has a P/E ratio of 6.4, equal to the average electronics industry P/E ratio 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Atmel Ratings Report.

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