Atmel Corp (ATML) Reports In-Line Q3 EPS
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FBR Capital Upgrades Atmel (ATML) to Outperform
October 31, 2014 6:42 AM UTCFBR Capital upgraded Atmel (NASDAQ: ATML) from Market Perform to Outperform with a price target of $9.00 (from $8.50).
Analyst Christopher Rolland comments, "... we believe the nearly 30% sell-off in shares over the past few months, vs the S&P 500 up 2%, adequately discounts the majority of a modest semiconductor downcycle. While we were concerned by Microchips (MCHP Not Rated) comments in its preannouncement, the... More
Atmel (ATML) PT, Estimates Trimmed at BofA/Merrill Lynch on Muted Growth
October 30, 2014 6:57 AM UTCBofA/Merrill Lynch analyst Vivek Arya reiterated a Neutral rating and trimmed his price target on Atmel (NASDAQ: ATML) to $8.00 (from $9.00) following in-line Q3 results but disappointing guidance. The analyst notes muted growth was offset by GM expansion.
The firm trims CY14/CY15... More
