Atmel Upgraded to “Strong-Buy” by Raymond James (ATML)

Allegiant Travel Company (NASDAQ:ALGT) had its price objective increased by Cowen and Company from $210.00 to $215.00 in a research report report published on Friday morning, StockTargetPrices.com reports.

Atmel Corporation (NASDAQ:ATML)’s shares climbed 4.86% to $8.41. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. The company reported $3.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.13 by $0.05. J C Penney Company Inc (NYSE:JCP) monthly performance stands at 9.68% while its year to date performance is 43.36%.

Other equities analysts also recently issued research reports about the stock. With the volume soaring to 6,543,760 shares, the last trade was called at $8.02. Institutional Investors own 87.4% of Company shares. Knowles Corporation (NYSE:KN) belongs to Technology sector. Canaccord Genuity maintains their rating on the shares of Atmel Corporation (NASDAQ:ATML). Wedbush dropped their target price on Atmel from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th.

On last trading day Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) moved down -4.63% to close at $98.50. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock.

Infosys Limited (NYSE:INFY) on Monday closed at $17.84.

Shares of Atmel (NASDAQ:ATML) opened at 8.02 on Tuesday. During last 3 month period, 1.42% of total institutional ownership has changed in the company shares.

Cypress’ attempt to disrupt Atmel’s deal with Dialog underscores the frenzy of mergers and acquisitions sweeping the semiconductor industry, as it responds to demand for cheaper chips and clients looking to reduce their number of suppliers. After the session commenced at $8.34, the stock reached the higher end at $8.5 while it hit a low of $7.915. The firm has a 50-day moving average price of $215.75 and a 200-day moving average price of $188.15. The company has a market cap of $3,370 million and the number of outstanding shares have been calculated to be 420,249,000 shares. Its semiconductors also enable applications in many other fields, such as smart-metering for utility monitoring and billing, buttons, sliders and wheels found on the touch panels of appliances, various aerospace, industrial and military products and systems, and electronic-based automotive components, like keyless ignition, access, engine control, lighting and entertainment systems.