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Atmel Corporation (ATML)

  • 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
  • Mon, May 18, 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%).
    | Mon, May 18, 2:10 PM | 1 Comment
  • Thu, May 14, 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.
    | Thu, May 14, 10:17 AM | 1 Comment
  • Wed, May 6, 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.
    | Wed, May 6, 5:10 PM | Comment!
  • Wed, May 6, 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
    | Wed, May 6, 4:31 PM | Comment!
  • Wed, May 6, 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
    | Wed, May 6, 4:27 PM | Comment!
  • Wed, May 6, 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%.
    • Press Release
    | Wed, May 6, 4:09 PM | Comment!
  • Tue, May 5, 5:35 PM
  • Fri, Apr. 24, 2:03 PM
    • Though the Nasdaq is up 0.7% thanks to market-pleasing earnings from Google, Microsoft, and Amazon, chip stocks (SOXX -2.1%) are adding to their Thursday losses after Freescale, Altera, Microsemi, and Maxim joined the ranks of chipmakers offering soft Q2 guidance; Texas Instruments, Xilinx, and Qualcomm did so on Wednesday afternoon.
    • NXP (NXPI -4.3%), set to merge with Freescale in a cash/stock deal, is selling off ahead of its April 29 Q1 report. RF chipmakers Skyworks (SWKS -3.8%), Qorvo (QRVO -4.4%), and Avago (AVGO -5.2%) are also seeing steep declines.
    • Other decliners include a slew of telecom/networking, microcontroller, and analog/mixed-signal chipmakers. The group includes Marvell (MRVL -3%), ON Semi (ON -6.9%), Atmel (ATML -3.3%), Cypress (CY -4%), Lattice (LSCC -3.9%), Semtech (SMTC -6.9%), Cavium (CAVM -6%), PMC-Sierra (PMCS -2.9%), InPhi (IPHI -3.8%), and Silicon Labs (SLAB -2.9%). Chip packaging/testing firm Amkor (AMKR -5.7%) is also off; its Q1 report arrives on Monday.
    • As was the case with TI and Xilinx, soft telecom equipment chip demand was often blamed by those guiding light yesterday afternoon. Freescale (FSL -3.5%) stated it expects network processor division sales to be down Q/Q and RF (base station power amplifier) division sales to be flat. Microcontroller, automotive, and analog and sensor division sales are expected to rise.
    • Altera (ALTR -3.3%) stated its "telecom and wireless business, and particularly our wireless business globally looks to be quite weak in [Q2], while the rest for our business will in aggregate be flat to slightly up." Regarding its Q1 miss, the company notes "Industrial, test, compute and storage, and to a lesser extent military, fell short of our forecast" (share loss to Xilinx?).
    • Maxim reports seeing "broad-based softness in communications infrastructure demand" and soft industrial bookings to go with healthier mobile/auto demand. The Galaxy S6 appears to be giving a lift to Maxim's mobile sales.
    | Fri, Apr. 24, 2:03 PM | 1 Comment
  • Thu, Apr. 23, 12:20 PM
    • While the Nasdaq is up 0.3%, chip stocks are selling off (SOXX -1.8%) after Texas Instruments, Xilinx, and Qualcomm all provided soft calendar Q2 guidance. TI and Xilinx also missed Q1 sales estimates, while Qualcomm beat.
    • Decliners include Avago (AVGO -3.7%), Qorvo (QRVO -2.5%), Freescale (FSL -3%), STMicroelectronics (STM -3.6%), Atmel (ATML -2.3%), PMC-Sierra (PMCS -2.5%), Fairchild (FCS -2.2%), Cypress (CY -2.1%), Audience (ADNC -6.6%), IDT (IDTI -4.5%), Vishay (VSH -2.9%), AppliedMicro (AMCC -2.3%), and Cavium (CAVM -4.4%). NXP, ON Semi, Linear, Microchip, and Maxim remain lower after falling AH yesterday.
    • With the decliners including many microcontroller, analog/mixed-signal, and telecom equipment chipmakers, TI (TXN -7.3%) might be the biggest culprit: The analog/DSP giant blamed soft telecom equipment and consumer electronics demand for its numbers, with particular weakness in mobile infrastructure (a 2014 strong point) and PCs; auto and industrial demand was healthier.
    • On its CC (transcript), TI attributed the mobile weakness to delayed carrier capacity upgrades. This morning, mobile infrastructure giant Ericsson posted a Q1 miss blamed in part on weak North American 4G spending.
    • Likewise, Xilinx (XLNX -1.3%), which has strong 4G infrastructure exposure, stated on its CC (transcript) wireless sales were weaker than expected due to "continued softness in North America and a weakening in China LTE business." Wired infrastructure sales were in-line, and other markets outperformed.
    • Qualcomm largely blamed its guidance on the iPhone 6's share gains and a loss of chip share at Samsung, rather than industry demand issues. Altera, Freescale, Maxim, Microsemi, and Synaptics report after the close.
    • 8 days ago: Chip stocks rally following Intel/Linear's earnings
    | Thu, Apr. 23, 12:20 PM | 1 Comment
  • Fri, Apr. 17, 9:17 AM
    • UniPixel (NASDAQ:UNXL) is acquiring all manufacturing assets related to Atmel's (NASDAQ:ATML) XSense touch sensor ops, a rival to UniPixel's InTouch sensor line, and assuming related costs.
    • UniPixel is also taking out a 5-year license (with a 10-year renewal option) on Atmel's XSense patent portfolio and other IP. Atmel will "receive minimum royalties during the initial five year term equal to $16.25 million, of which $9.33 million is being prepaid in cash at close."
    • The deal comes two months after Atmel took a $26.6M charge on XSense manufacturing assets, and ahead of Atmel's May 6 Q1 report. It also follows numerous delays by UniPixel in ramping InTouch production.
    • UniPixel has soared to $8.55 premarket. Atmel is unchanged.
    • Update: UniPixel wound up closing down 6.9% following the news.
    | Fri, Apr. 17, 9:17 AM | 11 Comments
  • Wed, Apr. 1, 5:55 PM
    • Atmel's (NASDAQ:ATML) SAM L21 family of ARM-based (NASDAQ:ARMH) microcontrollers consume less than 35 microamps of power per MHz., far below the 120-160 microamps consumed by most low-power controllers. That, together with a sleep mode power draw of less than 200 nanoamps and various power-saving features, leads Atmel to claim the chips can enable embedded/wearable devices and sensors with battery lives of 10 years or more.
    • The SAM L21, which comes with built-in flash and SRAM, delivered a score of 185 an industry power benchmark - Atmel states that's 50% above its closest competitor (an STMicroelectronics chip).
    • The company argues its support for 5 different "power domains" (compared with just 2 for other chips) with varying levels of resource use improves power efficiency, and that devices containing SAM L21 chips might potentially be powered off energy captured from the human body.
    • In addition to Atmel, Freescale and other ARM microcontroller vendors are working on ultra-low-power chips meant for embedded devices. Intel is going after the opportunity via its tiny Quark CPUs.
    | Wed, Apr. 1, 5:55 PM | 3 Comments
ATML vs. ETF Alternatives
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.