Jonathan Lourie increased its stake in Atmel Corp (NASDAQ:ATML) by 29.89% based on its latest 2016Q2 regulatory filing with the SEC. Cheyne Capital Management Uk Llp bought 1.12 million shares as the company’s stock 0.00% . The hedge fund run by Jonathan Lourie held 4.85 million shares of the semiconductors company at the end of 2016Q2, valued at $39.42 million, up from 3.74 million at the end of the previous reported quarter. Cheyne Capital Management Uk Llp who had been investing in Atmel Corp for a number of months, seems to be bullish on the $3.43 billion market cap company. The stock closed at $8.14 during the last session. It is down 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
Cheyne Capital Management Uk Llp, which manages about $8.62B and $301.77 million US Long portfolio, decreased its stake in Livanova Plc by 225,025 shares to 230,189 shares, valued at $12.42M in 2016Q2, according to the filing.
Cheyne Capital Management Uk Llp is a United Kingdom-based hedge fund that was founded by Jonathan Lourie And Stuart Fiertz. It had more than $8.62 billion assets under management in November, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Cheyne Capital Management Uk latest Adv, the fund reported to have 147 full and part-time employees. Among which 43 performing investment advisory and research functions. The hedge fund had between 26-100 clients.
Out of 8 analysts covering Atmel (NASDAQ:ATML), 1 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 13% are positive. Atmel has been the topic of 18 analyst reports since September 21, 2015 according to StockzIntelligence Inc. Craig Hallum maintained the stock on January 21 with “Hold” rating.
Atmel Corporation supplies microcontrollers. The company has a market cap of $3.43 billion. The Firm operates through four divisions: Microcontroller, Nonvolatile Memory, Automotive and Multi-Market and Other. It has a 126.93 P/E ratio. The Microcontroller segment includes its microcontroller and microprocessor families; AVR 8-bit and 32-bit products; Atmel SMART ARM products; designated commercial wireless products, including low power radio and System-on-a-chip products; optimized products for smart energy, touch button, and mobile sensor hub and Light Emitting Diode lighting applications, and maXTouch capacitive touch product families.
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