Balyasny Asset Management L.P. Acquires New Position in Atomera Incorporated (NASDAQ:ATOM)

Balyasny Asset Management L.P. acquired a new stake in Atomera Incorporated (NASDAQ:ATOM) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 20,897 shares of the technology company’s stock, valued at approximately $242,000. Balyasny Asset Management L.P. owned 0.07% of Atomera as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ATOM. Westside Investment Management Inc. raised its stake in Atomera by 6.8% in the 4th quarter. Westside Investment Management Inc. now owns 123,512 shares of the technology company’s stock valued at $1,433,000 after acquiring an additional 7,812 shares during the period. PFG Investments LLC bought a new stake in shares of Atomera during the fourth quarter valued at about $209,000. Sargent Investment Group LLC increased its position in shares of Atomera by 200.4% during the fourth quarter. Sargent Investment Group LLC now owns 279,185 shares of the technology company’s stock valued at $2,945,000 after buying an additional 186,240 shares during the period. Quantum Private Wealth LLC increased its position in shares of Atomera by 22.2% during the fourth quarter. Quantum Private Wealth LLC now owns 356,721 shares of the technology company’s stock valued at $4,138,000 after buying an additional 64,700 shares during the period. Finally, Sigma Planning Corp increased its position in shares of Atomera by 99.2% during the fourth quarter. Sigma Planning Corp now owns 49,810 shares of the technology company’s stock valued at $578,000 after buying an additional 24,810 shares during the period. 30.79% of the stock is currently owned by institutional investors.

Atomera Trading Up 3.3%

Shares of ATOM opened at $7.49 on Friday. The business’s 50-day moving average price is $4.92 and its 200-day moving average price is $6.87. Atomera Incorporated has a twelve month low of $2.31 and a twelve month high of $17.55. The stock has a market cap of $229.97 million, a PE ratio of -11.01 and a beta of 1.34. The company has a quick ratio of 5.25, a current ratio of 5.25 and a debt-to-equity ratio of 0.05.

Atomera (NASDAQ:ATOM) last announced its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.03). Atomera had a negative net margin of 13,655.55% and a negative return on equity of 106.81%. The company had revenue of $0.00 million for the quarter.

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.