Atmel Corporation (Nasdaq:ATML) is trading at unusually high volume Thursday with 14 million shares changing hands. It is currently at 2.4 times its average daily volume and trading down 92 cents (-12.9%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Atmel Corporation (Nasdaq: ATML) is trading at unusually high volume Thursday with 14 million shares changing hands. It is currently at 2.4 times its average daily volume and trading down 92 cents (-12.9%) at $6.22 as of 12:55 p.m. ET.
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Atmel has a market cap of $3.1 billion and is part of the technology sector and electronics industry. Shares are up 7.8% 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 39.2, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Atmel as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Atmel Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.