Sargent Investment Group LLC Sells 28,800 Shares of Atomera Incorporated (NASDAQ:ATOM)

Sargent Investment Group LLC reduced its stake in shares of Atomera Incorporated (NASDAQ:ATOM) by 23.7% in the third quarter, HoldingsChannel.com reports. The firm owned 92,945 shares of the technology company’s stock after selling 28,800 shares during the period. Sargent Investment Group LLC’s holdings in Atomera were worth $244,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Avenir Corp increased its holdings in shares of Atomera by 1.9% in the 1st quarter. Avenir Corp now owns 379,686 shares of the technology company’s stock worth $2,339,000 after buying an additional 6,925 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Atomera in the second quarter worth $31,000. Westside Investment Management Inc. boosted its position in shares of Atomera by 13.2% during the second quarter. Westside Investment Management Inc. now owns 95,720 shares of the technology company’s stock valued at $365,000 after buying an additional 11,150 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Atomera by 28.0% during the 3rd quarter. GSA Capital Partners LLP now owns 65,428 shares of the technology company’s stock valued at $172,000 after purchasing an additional 14,327 shares during the last quarter. Finally, Consolidated Planning Corp bought a new stake in shares of Atomera during the 3rd quarter valued at $40,000. Institutional investors own 30.79% of the company’s stock.

Atomera Price Performance

Shares of ATOM stock opened at $5.94 on Friday. Atomera Incorporated has a twelve month low of $2.31 and a twelve month high of $9.19. The stock has a fifty day simple moving average of $3.38 and a two-hundred day simple moving average of $3.61. The stock has a market capitalization of $170.95 million, a price-to-earnings ratio of -10.01 and a beta of 1.45. The company has a current ratio of 5.25, a quick ratio of 5.25 and a debt-to-equity ratio of 0.05.

Wall Street Analysts Forecast Growth

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

Atomera Company 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.