Atmel Reaches New 52-Week High (ATML)

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) hit a new 52-week high Friday as it is currently trading at $7.58, above its previous 52-week high of $7.50 with 3.6 million shares traded as of 12:06 p.m. ET. Average volume has been 5.2 million shares over the past 30 days.

Atmel has a market cap of $3.09 billion and is part of the technology sector and electronics industry. Shares are up 10.1% year to date as of the close of trading on Thursday.

Atmel Corporation designs, develops, manufactures, and sells semiconductor integrated circuit (IC) products.

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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 deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Atmel Ratings Report.

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