GSA Capital Partners LLP Acquires 14,327 Shares of Atomera Incorporated (NASDAQ:ATOM)

GSA Capital Partners LLP grew its stake in Atomera Incorporated (NASDAQ:ATOM) by 28.0% during the third quarter, HoldingsChannel.com reports. The firm owned 65,428 shares of the technology company’s stock after buying an additional 14,327 shares during the period. GSA Capital Partners LLP’s holdings in Atomera were worth $172,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Summit Securities Group LLC acquired a new position in Atomera in the second quarter valued at about $31,000. Consolidated Planning Corp acquired a new stake in shares of Atomera in the 3rd quarter valued at approximately $40,000. Virtu Financial LLC acquired a new stake in shares of Atomera in the 1st quarter valued at approximately $216,000. Westside Investment Management Inc. boosted its stake in Atomera by 13.2% during the 2nd quarter. Westside Investment Management Inc. now owns 95,720 shares of the technology company’s stock worth $365,000 after acquiring an additional 11,150 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Atomera during the second quarter valued at approximately $512,000. 30.79% of the stock is currently owned by institutional investors.

Atomera Stock Down 0.3 %

NASDAQ:ATOM opened at $5.80 on Monday. Atomera Incorporated has a 1 year low of $2.31 and a 1 year high of $9.19. The stock has a 50-day moving average price of $3.82 and a two-hundred day moving average price of $3.67. The stock has a market cap of $166.92 million, a price-to-earnings ratio of -8.29 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.

Analyst Upgrades and Downgrades

Separately, Craig Hallum cut their target price on shares of Atomera from $13.00 to $7.00 and set a “buy” rating on the stock 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.