Atmel Corporation (ATML): Today's Featured Technology Winner

Atmel Corporation ( ATML) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.6%. By the end of trading, Atmel Corporation rose 9 cents (1%) to $8.87 on average volume. Throughout the day, 6.4 million shares of Atmel Corporation exchanged hands as compared to its average daily volume of eight million shares. The stock ranged in a price between $8.67-$8.94 after having opened the day at $8.78 as compared to the previous trading day's close of $8.78. Other companies within the Technology sector that increased today were: Powerwave Technologies ( PWAV), up 15.3%, Demand Media ( DMD), up 14.6%, Tucows ( TCX), up 14.3%, and ClearSign Combustion ( CLIR), up 13.1%.

Atmel Corporation designs, develops, manufactures, and sells semiconductor integrated circuit (IC) products. Atmel Corporation has a market cap of $3.96 billion and is part of the electronics industry. Currently there are 10 analysts that rate Atmel Corporation a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Atmel Corporation as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, 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.

On the negative front, Vimicro International Corporation ( VIMC), down 13.5%, Nam Tai Electronics ( NTE), down 11.6%, Groupon ( GRPN), down 10.6%, and Aetrium Incorporated ( ATRM), down 10%, were all losers within the technology sector with Telefonica ( TEF) being today's technology sector loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).
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