Quantum Private Wealth LLC Sells 4,269 Shares of Atomera Incorporated (NASDAQ:ATOM)

Quantum Private Wealth LLC reduced its stake in Atomera Incorporated (NASDAQ:ATOM) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 292,021 shares of the technology company’s stock after selling 4,269 shares during the period. Quantum Private Wealth LLC owned 1.09% of Atomera worth $768,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Avenir Corp raised its stake in Atomera by 1.9% in the first quarter. Avenir Corp now owns 379,686 shares of the technology company’s stock worth $2,339,000 after buying an additional 6,925 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Atomera in the second quarter worth about $31,000. Westside Investment Management Inc. grew its holdings in Atomera by 13.2% in the second quarter. Westside Investment Management Inc. now owns 95,720 shares of the technology company’s stock worth $365,000 after purchasing an additional 11,150 shares during the period. Consolidated Planning Corp purchased a new stake in Atomera in the third quarter worth about $40,000. Finally, Virtu Financial LLC purchased a new stake in Atomera in the first quarter worth about $216,000. 30.79% of the stock is owned by institutional investors.

Atomera Stock Performance

NASDAQ:ATOM opened at $5.30 on Friday. The company’s 50 day moving average price is $3.13 and its 200-day moving average price is $3.61. Atomera Incorporated has a 52 week low of $2.31 and a 52 week high of $9.19. The company has a current ratio of 5.25, a quick ratio of 5.25 and a debt-to-equity ratio of 0.05.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum cut their price objective on shares of Atomera from $13.00 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st.

Atomera Company Profile

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.