Atmel (ATML) Down In After-Hours Trading

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Atmel ( ATML) as a post-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Atmel as such a stock due to the following factors:

  • ATML has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $54.2 million.
  • ATML is down 5.2% today from today's close.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in ATML with the Ticky from Trade-Ideas. See the FREE profile for ATML NOW at Trade-Ideas

More details on ATML:

Atmel Corporation designs, develops, manufactures, and sells semiconductor integrated circuit (IC) products. ATML has a PE ratio of 119.9. Currently there are 8 analysts that rate Atmel a buy, no analysts rate it a sell, and 6 rate it a hold.

The average volume for Atmel has been 5.0 million shares per day over the past 30 days. Atmel has a market cap of $3.5 billion and is part of the technology sector and electronics industry. The stock has a beta of 2.18 and a short float of 2.1% with 0.92 days to cover. Shares are up 7.2% year-to-date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Atmel as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and good cash flow from operations. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year.

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