Atmel Corporation (Nasdaq: ATML) also took off today, rising 16% after posting revenue that surpassed analyst expectations. We’ve gained 21.3% in ATML since we bought it just a couple weeks ago.
Color commentary courtesy of www.stockmister.com:
Atmel Corporation (NASDAQ:ATML) surged 15.99% to $6.02, a day after the chip maker reported better-than-expected earnings. Atmel posted a wider loss, but its adjusted earnings of 11 cents a share beat Wall Street estimates. The company’s revenue also jumped 38% year-over-year to $393.4 million.
Atmel Corporation designs, develops, manufacture and sells a range of semiconductor integrated circuit (IC) products and touch solutions. Its products consist primarily of microcontrollers, advanced logic, mixed-signal, nonvolatile memory, radio frequency (RF) and system-level integration semiconductor solutions.
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