Atmel Corporation (NASDAQ:ATML) announced on Thursday that its Q1 revenue moved down 23% as the firm continues to grapple with lower demand for its touchscreen controllers.
Atmel’s profit all through the quarter dropped to $20.4 million, or 5 cents per share, evaluated with $74.6 million, or 16 cents per share previous year.
Excluding items the firm earned 8 cents per share.
Sector analysis, over all tech sector moved up, Micron Technology, Inc. (NASDAQ:MU) declined -5.13%, Cypress Semiconductor Corporation (NASDAQ:CY) lost -5.73%, NVIDIA Corporation (NASDAQ:NVDA) fell -1.71%, TriQuint Semiconductor (NASDAQ:TQNT) slipped -5.93%, Advanced Micro Devices, Inc. (NYSE:AMD) which also decreased -2.88% and Intel Corporation (NASDAQ:INTC) plunged -1.42%.
Atmel Corporation (NASDAQ:ATML) stock’s trade at beginning with a price of $8.05 and throughout the trading session climbed at a high of $8.26 other than when day-trade ended the stock finally dropped -13.35% to $7.79.
Shares price of ATML moved down from its 20 days moving average with -12.63% and remote negatively from 50 days moving average with -18.96%. ATML current year earnings per share experienced an addition with -27.11% while its current quarter performance remained 2.67%.
ATML had a trade volume of 28.62 million shares was higher as compared to average trading capacity of 8.15 million shares.
ATML last month stock price volatility remained 3.78%. In its share capital ATML has 443.69 million outstanding shares among them 429.66 million shares have been floated in market exchange. ATML stock institutional ownership remained 84.51% while insider ownership included 2.39%.
The stock is ahead its 52 week low with 5.84% and lagging behind from its 52 week high price with -49.42%. Company’s beta coefficient included 1.16. Beta factors measures the amount of market risk associated with market trade.
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