Atmel Corporation
 (ATML)

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  • Jul. 28, 2015, 5:35 PM
    | Jul. 28, 2015, 5:35 PM | 4 Comments
  • Jul. 28, 2015, 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
    | Jul. 28, 2015, 5:17 PM
  • Jul. 28, 2015, 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.
    | Jul. 28, 2015, 4:45 PM
  • Jul. 28, 2015, 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.
    | Jul. 28, 2015, 4:12 PM
  • Jul. 27, 2015, 5:35 PM
  • Jul. 15, 2015, 12:45 PM
    • 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.
    | Jul. 15, 2015, 12:45 PM | 2 Comments
  • Jun. 19, 2015, 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.
    | Jun. 19, 2015, 4:43 PM | 2 Comments
  • Jun. 8, 2015, 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).
    | Jun. 8, 2015, 3:59 PM | 1 Comment
  • Jun. 4, 2015, 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
    | Jun. 4, 2015, 11:50 AM | 2 Comments
  • May 27, 2015, 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%).
    • Chip ETFs: SMH, XSD, PSI, SOXL, USD, SOXS, SSG
    | May 27, 2015, 3:00 PM | 41 Comments
  • May 18, 2015, 2:10 PM
    • Many chip stocks are turning in healthy gains amid a 0.7% gain for the Nasdaq after the NY Post reported Altera (up 6.2%) has resumed buyout talks with Intel.
    • Also possibly helping: China's big-3 carriers have announced major data tariff cuts. Brean has argued the cuts are a positive for RF chipmakers Skyworks (SWKS +5.7%), Qorvo (QRVO +4.2%), and Avago (AVGO +1.9%); the companies benefit from rising 4G phone sales.
    • Aside from the aforementioned companies, today's gainers include Synaptics (SYNA +4.8%), Himax (HIMX +2.3%), and Silicon Motion (SIMO +2.3%), each of whom also has Chinese mobile exposure. Other winners include Atmel (ATML +3.7%), Microsemi (MSCC +2.6%), InPhi (IPHI +2%), Intersil (ISIL +2.5%), Silicon Labs (SLAB +2.5%), IDT (IDTI +2.3%), and MaxLinear (MXL +3.5%).
    • Chip ETFs: SOXX, SMH, XSD, PSI, SOXL, USD, SOXS, SSG
    | May 18, 2015, 2:10 PM | 1 Comment
  • May 14, 2015, 10:17 AM
    • Upbeat about the company's cost cuts and healthy IoT exposure, Stephens has upgraded Atmel (ATML +1.9%) to Overweight, and hiked its target by $1.50 to $10.
    • Atmel is now up 14% since beating Q1 estimates with the help of a 10% Y/Y drop in GAAP costs/expenses, providing light Q2 guidance (like many peers), and announcing CEO Steve Laub's retirement 8 days ago.
    • 6 weeks ago, the company unveiled an ARM microcontroller line for IoT hardware that was declared to enable devices with 10-year battery lives.
    | May 14, 2015, 10:17 AM | 1 Comment
  • May 6, 2015, 5:10 PM
    • Atmel (NASDAQ:ATML) declares $0.04/share quarterly dividend, in line with previous.
    • Forward yield 2.12%
    • Payable June 25; for shareholders of record June 15; ex-div June 11.
    | May 6, 2015, 5:10 PM
  • May 6, 2015, 4:31 PM
    • Atmel (NASDAQ:ATML) follows up on its Q1 report by announcing CEO Steve Laub will retire, as well as step down from the board, on Aug. 31.
    • The board will launch a search for a successor; both internal and external candidates will be vetted. Laub, 56, has been Atmel's CEO since 2006.
    • Q1 results, guidance/details
    | May 6, 2015, 4:31 PM
  • May 6, 2015, 4:27 PM
    • Atmel (NASDAQ:ATML) is guiding for Q2 revenue of $310M-$326M, below a $336.8M consensus. However, a soft forecast was expected after several microcontroller and mixed-signal peers guided light.
    • Q1 non-GAAP revenue excludes $1.4M produced by Atmel's XSense touch sensor unit (recently sold to UniPixel). Gross margin was 47.6% vs. 49% in seasonally strong Q4 and 44% in Q1 2014; Q2 GM guidance is at 48% (+/- 1%).
    • EPS received a lift from a 10% drop in GAAP costs/expenses to $297.7M, and (to a lesser extent) $9.1M in buybacks. CEO Steve Laub: "Our lower cost structure should allow us to deliver significantly improved profitability throughout the remainder of 2015."
    • After initially trading lower AH, shares having risen to $7.70.
    • Q1 results, PR
    | May 6, 2015, 4:27 PM
  • May 6, 2015, 4:09 PM
    • Atmel (NASDAQ:ATML): Q1 EPS of $0.11 beats by $0.02.
    • Revenue of $316.9M (-6.1% Y/Y) beats by $1.67M.
    • Shares -1.59%.
    | May 6, 2015, 4:09 PM
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.