Sargent Investment Group LLC Cuts Stock Holdings in Atomera Incorporated (NASDAQ:ATOM)

Sargent Investment Group LLC lowered its stake in shares of Atomera Incorporated (NASDAQ:ATOM) by 23.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,945 shares of the technology company’s stock after selling 28,800 shares during the period. Sargent Investment Group LLC owned about 0.32% of Atomera worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ATOM. Virtu Financial LLC bought a new position in Atomera during the 1st quarter worth approximately $216,000. Renaissance Technologies LLC acquired a new stake in shares of Atomera in the 2nd quarter valued at $512,000. Summit Securities Group LLC bought a new position in shares of Atomera in the second quarter valued at approximately $31,000. Consolidated Planning Corp bought a new stake in Atomera during the 3rd quarter valued at approximately $40,000. Finally, GSA Capital Partners LLP raised its position in shares of Atomera by 28.0% during the third quarter. GSA Capital Partners LLP now owns 65,428 shares of the technology company’s stock valued at $172,000 after buying an additional 14,327 shares during the last quarter. 30.79% of the stock is owned by institutional investors and hedge funds.

Atomera Stock Performance

Shares of ATOM stock opened at $5.94 on Friday. The stock has a market cap of $170.95 million, a PE ratio of -10.01 and a beta of 1.45. Atomera Incorporated has a one year low of $2.31 and a one year high of $9.19. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.25 and a quick ratio of 5.25. The stock has a 50-day moving average of $3.38 and a 200-day moving average of $3.61.

Wall Street Analyst Weigh In

Separately, Craig Hallum cut their price target on shares of Atomera from $13.00 to $7.00 and set a “buy” rating for the company in a report on Wednesday, July 31st.

Atomera Profile

Atomera Incorporated engages in the developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry in North America and the Asia Pacific. The company's lead technology is the Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.