Atmel Corporation(ATML) was a big mover last session, as the company saw its shares rise above 12% on the day. The upside came on the company's announcement that it is extending the date of retirement of its CEO Steve Laub. This reverses the recent downtrend for the company, down about 13% in the past one-month time frame.
In the last 30 days, the company has seen three downward estimate revisions and the Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Atmel carries a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
A better-ranked semiconductor stock is Applied Optoelectronics, Inc. (AAOI) , which sports a Zacks Rank #1 (Strong Buy).
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