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UPDATE: Topeka Capital Markets Initiates Coverage on Atmel Corporation with a Buy Rating Based on Margin Recovery

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In an article published Thursday, Topeka Capital Markets Suji De Silva initiated coverage on Atmel Corporation, (NASDAQ: ATML), a manufacturer of semiconductors, with a Buy rating and a price target of $8.50 on recovering markets for semiconductors.

In the report, De Silva pointed out, "We also see ATML as well positioned for continued microcontroller share gains and ultrabook/tablet touch screen ramps."

Atmel Corporation closed on Wednesday at $7.22.

Latest Ratings for ATML

DateFirmActionFromTo
Jan 2016SunTrust Robinson HumphreyMaintainsNeutral
Jan 2016Raymond JamesDowngradesOutperformMarket Perform
Oct 2015Canaccord Genuity

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Posted-In: Topeka Capital MarketsAnalyst Color Analyst Ratings

 

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