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Atmel Corporation (ATML)

  • Sun, Sep. 20, 9:59 AM
    • The U.K.'s Dialog Semiconductor (OTC:DLGNF) has agreed to buy U.S. rival Atmel (NASDAQ:ATML) for $4.6B in cash and stock.
    • For each common share, Atmel stockholders will receive $4.65 in cash and 0.112 of a Dialog ADS, resulting in the "economic equivalent" of $10.42 per Atmel share.
    • Dialog sees the transaction resulting in annual savings of $150M within two years, and expects the deal to be completed in first quarter of 2016.
    • Previously: Atmel falls sharply following buyout report (Sep. 17 2015)
    • Previously: China Electronics eyes Atmel acquisition (Sep. 17 2015)
    | Sun, Sep. 20, 9:59 AM | 3 Comments
  • Thu, Sep. 17, 2:26 PM
    • Atmel (NASDAQ:ATML) has fallen to $7.60 following a Bloomberg report stating the microcontroller vendor is in preliminary talks to be sold to China Electronics for $8.50/share - just a 4% premium to Wednesday's close, and well below a 52-week high of $10.50.
    • Shares popped in late August after Atmel disclosed CEO Steve Laub is delaying his retirement plans to help the company finish its strategic review, which comes amid a chip industry consolidation wave. With NXP and Microchip having struck deals this year to buy fellow microcontroller vendors Freescale and Micrel, there has been speculation Atmel could also get a bid from a peer.
    • Update (5:38PM ET): Atmel closed down 9.2%.
    | Thu, Sep. 17, 2:26 PM | 7 Comments
  • Thu, Sep. 17, 7:14 AM
    • China Electronics (OTCPK:CEHD) is in preliminary talks to acquire U.S.-based Atmel (NASDAQ:ATML) for about $8.50 a share, but negotiations are still underway, Bloomberg reports.
    • Any sale would extend a record year for semiconductor deals, as chipmakers combine to counter slowing growth and rising costs.
    • There's no guarantee a deal will get done, and talks may still fall apart.
    • ATML +0.2% premarket
    | Thu, Sep. 17, 7:14 AM | 6 Comments
  • Tue, Aug. 25, 11:37 AM
    • Atmel (NASDAQ:ATML) discloses CEO Steve Laub "agreed to a Board of Directors' request to extend his retirement date to facilitate the completion of an ongoing strategic evaluation process." Laub announced in May he'd be stepping down on Aug. 31.
    • Reuters reported in June Atmel is working with i-bank Qatalyst Partners to explore a sale. Before that, FBR called the microcontroller vendor its top semi buyout candidate.
    | Tue, Aug. 25, 11:37 AM | 3 Comments
  • Tue, Aug. 25, 9:19 AM
    | Tue, Aug. 25, 9:19 AM | 7 Comments
  • Tue, Aug. 18, 3:03 PM
    • Intel's (INTC -0.8%) RealSense gesture recognition camera/sensor technology (first announced in 2014) has received attention on the first day of the Intel Developer Forum (IDF). The chip giant says RealSense will now support Linux, Mac OS, and several other platforms, in addition to Windows and Android, and also work with Google's Project Tango, which uses cameras and sensors to create 3D maps of a user's surroundings on Android devices.
    • Also announced by Intel: Optane, an SSD platform that combines the company's 3D XPoint next-gen memory (recently announced in partnership with Micron) related controllers, interface hardware, and software. In a demo, an Optane SSD delivered over 5x the IOPS performance of Intel's high-end P3700 NAND flash SSD.
    • The first Optane drives will launch in 2016. Potential use cases include performance-optimized enterprise and Web/cloud servers, as well as high-end PCs and workstations.
    • In addition, Intel has announced partnerships with microcontroller vendors Atmel (ATML -1.7%) and Microchip (MCHP -1.4%) to integrate its EPID privacy tech - it allows cloud services to be quickly/securely provisioned to Web-connected devices - with Atmel/Microchip's products, which are used to power many embedded systems. Intel is 8 months removed from launching an end-to-end IoT platform featuring a gateway design (relies on Intel CPUs), management software, and an API.
    • IDF keynote live blog
    | Tue, Aug. 18, 3:03 PM | Comment!
  • Tue, Jul. 28, 5:35 PM
    | Tue, Jul. 28, 5:35 PM | 4 Comments
  • Tue, Jul. 28, 5:17 PM
    • In addition to missing Q2 estimates, Atmel (NASDAQ:ATML) is guiding for Q3 revenue of $283M-$303M, well below a $336.8M consensus.
    • Shares have fallen to $8.15 AH. Various chip industry peers had already provided light guidance, including Atmel microcontroller rival Texas Instruments.
    • Q2 results, PR
    | Tue, Jul. 28, 5:17 PM | Comment!
  • Tue, Jul. 28, 4:45 PM
    • Atmel (NASDAQ:ATML) declares $0.04/share quarterly dividend, in line with previous.
    • Forward yield 1.87%
    • Payable Sept. 24; for shareholders of record Sept. 14; ex-div Sept. 10.
    | Tue, Jul. 28, 4:45 PM | Comment!
  • Tue, Jul. 28, 4:12 PM
    • Atmel (NASDAQ:ATML): Q2 EPS of $0.08 misses by $0.02.
    • Revenue of $306.3M (-13.8% Y/Y) misses by $12.68M.
    • Press Release
    | Tue, Jul. 28, 4:12 PM | Comment!
  • Mon, Jul. 27, 5:35 PM
  • Wed, Jul. 15, 12:45 PM
    • Press Release: "Atmel (ATML -1.8%), a global leader in microcontroller (MCU) and touch solutions, today announced it is shipping in mass production the highest performing ARM® Cortex®-M based MCUs on the market, the Atmel | SMART" SAM S70 and E70 series.

      With 50% higher performance than the closest competitor, larger configurable SRAM, larger embedded Flash and high-bandwidth peripherals, these devices offer the ideal mix of connectivity, memory and performance. The SAM S70 and E70 series allow customers to scale-up performance and deliver SRAM and system functionality, while keeping the Cortex-M processor family ease-of-use and maximizing software reuse."
    • Editor's note: Atmel has been investing heavily in building out its IoT-focused MCU product line, as it tries to profit from an expected surge in the number of intelligent, Web-connected, embedded/wearable devices. This spring, the company showed off low-power ARM-based MCUs said to enable devices and sensors featuring 10-year battery lives.
    | Wed, Jul. 15, 12:45 PM | 2 Comments
  • Fri, Jun. 19, 4:43 PM
    • Texas Instruments (NASDAQ:TXN) could be gearing up to make the next big deal in what already has been a record-breaking year for M&A in the semiconductor industry, bankers and analysts tell Reuters.
    • TXN is said to be looking for large acquisitions, and held talks to acquire Maxim Integrated Products (NASDAQ:MXIM) late last year but the company decided not to sell itself; analysts say TXN also could look at Analog Devices (NASDAQ:ADI), Linear Technology  (NASDAQ:LLTC), Microchip Technology (NASDAQ:MCHP), Intersil (NASDAQ:ISIL) and Atmel (NASDAQ:ATML).
    • FBR analyst Christopher believes TXN should act by the end of the year while NXP, one of its fastest growing rivals, is tied up awaiting approval for its merger with Freescale Semiconductor; TXN reportedly considered buying Freescale before NXP acquired it in March.
    | Fri, Jun. 19, 4:43 PM | 2 Comments
  • Mon, Jun. 8, 3:59 PM
    • Reuters reports Atmel (NASDAQ:ATML) is working with i-bank Qatalyst Partners to explore a sale and other strategic options. Shares have spiked higher.
    • FBR called Atmel its top semi buyout candidate last week, while citing the quality of its microcontroller portfolio and the potential for a suitor to significantly improve Atmel's margins by shifting chip production to more modern fabs.
    • Speculation that Atmel will be an M&A target have been running high for a while, thanks to CEO Steve Laub's retirement plans and a blizzard of chip industry M&A over the last 18 months (including some involving microcontroller makers such as Cypress and Freescale).
    | Mon, Jun. 8, 3:59 PM | 1 Comment
  • Thu, Jun. 4, 11:50 AM
    • FBR estimates Atmel (NASDAQ:ATML) has a ~25% chance of being acquired in the next 12 months as chip industry consolidation continues. "In our view, Atmel has an excellent [microcontroller] product portfolio with just two architectures (AVR and ARM), thus is less R&D-intensive and therefore a more favorable [microcontroller] acquisition.
    • FBR also notes Atmel "has one of the oldest and most efficient fabs globally," making it possible for an acquirer with more modern fabs to significantly increase its margins. It estimates Atmel's EPS would rise 61% after post-acquisition synergies are realized, with a bull case of 109%.
    • Shares are within $0.50 of a 52-week high of $9.76. Several Atmel peers have already been bought.
    • Yesterday: Needham reports Silicon Labs has fielded M&A inquiries
    | Thu, Jun. 4, 11:50 AM | 2 Comments
  • Wed, May 27, 3:00 PM
    • Chip stocks are posting outsized gains (SOXX +4%) amid a 1.3% increase for the Nasdaq after the WSJ reported Avago and Broadcom are in advanced merger talks, sparking hopes for further M&A.
    • A Broadcom/Avago deal would be worth ~$67B at current valuations, easily making it the largest in the chip industry's breathless consolidation wave. It would also touch markets ranging from smartphones to set-tops to servers to switches/routers.
    • Notable gainers include Avago RF chip peers Skyworks (SWKS +4.3%), Qorvo (QRVO +3.2%), and Anadigics (ANAD +4.9%). Others include Micron (MU +3.8%), SanDisk (SNDK +4.3%), NXP (NXPI +3.5%), Silicon Motion (SIMO +8.3%), Cirrus Logic (CRUS +4.8%), STMicroelectronics, (STM +3.4%), Synaptics (SYNA +3.4%), Atmel (ATML +2.8%), Cavium (CAVM +4.5%), Intersil (ISIL +4.6%), Semtech (SMTC +3.9%), ON Semi (ON +3.8%), Microsemi (MSCC +4.4%), and IDT (IDTI +4.2%).
    • Non-chipmakers tied to the industry are also doing well. Standouts include ARM (ARMH +4.4%), Amkor (AMKR +4.6%), ASML (ASML +3.1%), and Rambus (RMBS +3.3%).
    | Wed, May 27, 3:00 PM | 41 Comments
Company Description
Atmel Corp designs and manufactures microcontrollers, capacitive touch solutions, logic, mixed-signal, nonvolatile memory, radio frequency (RF) components and application specific integrated circuits.