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An upgrade to Buy from FBR fails to stop Atmel (ATML -3.6%) from selling off after the chipmaker...

An upgrade to Buy from FBR fails to stop Atmel (ATML -3.6%) from selling off after the chipmaker announced the resignation of its CFO and favorably narrowed its Q1 guidance. Analyst Christopher Rollans thinks "the Street underestimates all or a portion" of several catalysts, including touch sensor hub opportunities, Galaxy S IV sales, a "cyclical recovery" in the microcontroller market, higher Windows 8 touchscreen attach rates, and growing XSense sensor demand (previous) in 2H. Rivals Synaptics (SYNA -4.7%) and Cypress (CY -1.8%) are also underperforming.
Comments (1)
  • Stock Market Mike
    , contributor
    Comments (1759) | Send Message
     
    Keep an eye on UNXL. If they succeed, they are competition to ATML (Although they draw attention to the company, and vice versa.) But if UNXL fails... ATML will be the main company to ramp up flexible touch technology to a competitive price and scale.

     

    Sitting on the sidelines for both, waiting to jump in once the story becomes clearer.
    3 Apr 2013, 01:24 PM Reply Like
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