An upgrade to Buy from SunTrust Robinson leads Atmel (ATML +3.7%) to Outperform. The upgrade...

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

An upgrade to Buy from SunTrust Robinson leads Atmel (ATML +3.7%) to Outperform. The upgrade comes a few days after Atmlel announced it's acquiring IDT's (IDTI) smart meter chip business - products include a system-on-chip solution and an analog front end - for an undisclosed sum.