Atmel Stock Hits New 52-Week Low (ATML)

NEW YORK ( TheStreet) -- Atmel Corporation (Nasdaq: ATML) hit a new 52-week low Monday as it is currently trading at $5.83, below its previous 52-week low of $5.93 with 308,442 shares traded as of 9:40 a.m. ET. Average volume has been six million shares over the past 30 days.

Atmel has a market cap of $2.84 billion and is part of the technology sector and electronics industry. Shares are down 25.1% year to date as of the close of trading on Friday.

Atmel Corporation designs, develops, manufactures, and sells semiconductor integrated circuit (IC) products. The company has a P/E ratio of 11, below the average electronics industry P/E ratio of 11.2 and below the S&P 500 P/E ratio of 17.7.

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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