Atmel issues soft Q1 guidance, shares -4.9% AH

|About: Atmel Corporation (ATML)|By:, SA News Editor

Atmel (ATML) has guided on its Q4 CC for Q1 revenue of $320M-$330M, below a $343.3M consensus. The chipmaker is also guiding for Q2 revenue of $356M-$366M vs. a $363.1M consensus.

Shares have added to the AH losses they saw in response to Atmel's Q4 miss. The company posted a Q4 gross margin of 43.7% (+60 bps Q/Q and +210 bps Y/Y), and bought back $24.2M worth of shares during the quarter.