Gordy Holterman increased its stake in Atmel Corp (NASDAQ:ATML) by 234.95% based on its latest 2016Q1 regulatory filing with the SEC. Overland Advisors Llc bought 6.14 million shares as the company’s stock declined 6.45% while stock markets rallied. The hedge fund run by Gordy Holterman held 8.76 million shares of the semiconductors company at the end of 2016Q1, valued at $71.14M, up from 2.62M at the end of the previous reported quarter. Overland Advisors Llc who had been investing in Atmel Corp for a number of months, seems to be bullish on the $3.43B market cap company. The stock closed at $8.14 during the last session. It is down 0.74% since August 27, 2015 and is uptrending. It has outperformed by 1.50% the S&P500.
Overland Advisors Llc, which manages about $4.50 billion and $2.08 billion US Long portfolio, decreased its stake in Ishares Tr (Call) (TLT) by 753,200 shares to 500,000 shares, valued at $65.31 million in 2016Q1, according to the filing. It also reduced its holding in Ishares Tr (FXI) by 2.01 million shares in the quarter, leaving it with 40,000 shares, and cut its stake in Select Sector Spdr Tr (XLV).
Overland Advisors Llc is a California-based hedge fund that was founded by Gordy Holterman And Derek Dunn. It had more than $4.50 billion assets under management in October, 2014. Taken from Overland Advisors latest Adv, the fund reported to have 30 full and part-time employees. Among which 18 performing investment advisory and research functions. The hedge fund had between 1-10 clients.
The institutional sentiment increased to 1.13 in 2016 Q1. Its up 0.30, from 0.83 in 2015Q4. The ratio improved, as 41 funds sold all ATML shares owned while 61 reduced positions. 29 funds bought stakes while 86 increased positions. They now own 330.32 million shares or 1.92% less from 336.80 million shares in 2015Q4.
Coastland Capital Llc holds 3.41% of its portfolio in ATML for 8.76 million shares. Alpine Associates Management Inc. owns 10.79 million shares or 3.01% of their US portfolio. Moreover, Hutchin Hill Capital Lp has 2.81% invested in the company for 11.81 million shares. The Illinois-based Magnetar Financial Llc has invested 1.95% in the stock. Arrowgrass Capital Partners (Us) Lp, a New York-based fund reported 16.22 million shares.
Out of 8 analysts covering Atmel Corporation (NASDAQ:ATML), 0 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. Atmel Corporation has been the topic of 22 analyst reports since July 29, 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.
About OMO Electronic Limited
Your Trusted Partner for Distributing OMO Electronic Limited!
Our Mission is to provide the best quality IC components with the best affordable price every time.
We are looking forward to cooperating with you!
