Geode Capital Management LLC Raises Position in Atomera Incorporated (NASDAQ:ATOM)

Geode Capital Management LLC lifted its stake in Atomera Incorporated (NASDAQ:ATOM) by 5.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,464 shares of the technology company’s stock after purchasing an additional 14,818 shares during the period. Geode Capital Management LLC’s holdings in Atomera were worth $811,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of ATOM. Renaissance Technologies LLC purchased a new stake in Atomera in the second quarter worth about $512,000. Hilltop Holdings Inc. increased its holdings in Atomera by 38.4% in the 3rd quarter. Hilltop Holdings Inc. now owns 122,990 shares of the technology company’s stock worth $323,000 after acquiring an additional 34,100 shares in the last quarter. XTX Topco Ltd bought a new stake in Atomera during the 3rd quarter worth approximately $76,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Atomera during the third quarter valued at approximately $44,000. Finally, Consolidated Planning Corp purchased a new stake in shares of Atomera in the third quarter worth $40,000. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

Atomera Price Performance

Shares of Atomera stock opened at $10.97 on Friday. The company has a market capitalization of $315.69 million, a price-to-earnings ratio of -15.67 and a beta of 1.38. The company has a quick ratio of 5.25, a current ratio of 5.25 and a debt-to-equity ratio of 0.05. The stock’s 50-day simple moving average is $8.26 and its 200-day simple moving average is $4.96. Atomera Incorporated has a 52 week low of $2.31 and a 52 week high of $17.55.

About Atomera

Atomera Incorporated engages in the developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry in North America and the Asia Pacific. The company's lead technology is the Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.