Atmel Rises On Unusually High Volume (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) is trading at unusually high volume Tuesday with 10.5 million shares changing hands. It is currently at two times its average daily volume and trading up 19 cents (+2.4%) at $8.13 as of 3:11 p.m. ET.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Atmel has a market cap of $3.37 billion and is part of the technology sector and electronics industry. Shares are up 20.2% year to date as of the close of trading on Monday.

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

TheStreet Ratings rates Atmel as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. 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.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..
null

If you liked this article you might like

Atmel (ATML) Stock Closed Down Today on Earnings Miss

Atmel Isn't Taking Approval of Microchip Deal for Granted

Chip Stocks Climb on Strong Earnings, M&A hopes

Stocks Slash Earlier Losses in Final Hour of Trading

Stocks Extend Slide as IBM Drags on Dow