Ashraf Eassa
Long/short equity, contrarian, independent research, tech

Atmel: Fundamentals Seem To Have Bottomed, But Is It Worth Buying?

Atmel (NASDAQ:ATML) is a semiconductor company that has been gradually restructuring itself to realign itself with the reality of the semiconductor market. Once the proud owner of several semiconductor fabrication facilities ("fabs") and a player in a smörgåsbord of areas in the semiconductor business, the company has spent the last couple of years restructuring itself to focus on its microcontroller and touch-controller businesses.

The last year has been tough for Atmel as its revenues and earnings continued their double-digit declines, but there is money to be made in a turnaround story if the fundamentals show signs that they have bottomed out.

The broad questions that investors now need to ask are:

    Can the company return to (GAAP) profitability?...
Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details