Atmel (NASDAQ:ATML) was downgraded by Zacks from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, Analyst Ratings Net reports.

According to Zacks, “Atmel reported dismal second-quarter 2015 results with a significant year-over-year decline in revenues and GAAP earnings. Revenues were adversely affected by foreign currency exchange rates and a general slowdown in the overall semiconductor industry. Adjusted earnings of $0.05 missed the Zacks Consensus Estimate by $0.02. The company offered a weak revenue outlook for third-quarter 2015 due to a waning market demand and continued currency woes. Rapid technological changes, short product life cycles and intense competitive pressures also remain concerns for Atmel. However, Atmel has been attempting to build up its Internet of Things capabilities by acquiring multiple connectivity technologies. The company also expects gross margin expansion through technological tie-ups and new product launches.”

ATML has been the topic of a number of other reports. Wedbush lowered their target price on Atmel from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. FBR & Co. reissued an “outperform” rating and issued a $11.00 price target on shares of Atmel in a research note on Wednesday, July 29th. Dougherty & Co cut Atmel from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 29th. They noted that the move was a valuation call. Oppenheimer reiterated a “market perform” rating on shares of Atmel in a report on Wednesday, July 29th. Finally, Canaccord Genuity restated a “hold” rating and issued a $8.00 target price on shares of Atmel in a report on Wednesday, July 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $9.66.

In other Atmel news, SVP Scott M. Wornow sold 15,000 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $8.85, for a total value of $132,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Robert E. Valiton, Jr. sold 2,889 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $8.74, for a total value of $25,249.86. The disclosure for this sale can be found here.

Atmel (NASDAQ:ATML) traded down 1.389% on Monday, reaching $8.165. 2,425,031 shares of the company’s stock were exchanged. The stock has a market capitalization of $3.41 billion and a P/E ratio of 74.227. Atmel has a 1-year low of $6.32 and a 1-year high of $10.50. The firm’s 50 day moving average is $9.45 and its 200 day moving average is $8.69.

Atmel (NASDAQ:ATML) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.02. The company had revenue of $306.35 million for the quarter, compared to analyst estimates of $320.04 million. During the same quarter in the previous year, the company posted $0.09 EPS. The firm’s quarterly revenue was down 13.8% on a year-over-year basis. Analysts expect that Atmel will post $0.36 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Monday, September 14th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, September 10th.

Atmel Corporation is a designer, developer and provider of microcontrollers. The Company operates through four segments: Automotive, Nonvolatile Memory, Microcontroller and Multi -Market and Other. The Microcontroller segment includes the Business ‘s general purpose microcontroller and microprocessor families, AVR 8-bit and 32-bit products, Atmel SMART ARM established products, its 8051 8-bit products, and commercial wireless goods that are designated, among others. The Nonvolatile Memory section contains electrically erasable programmable read-only (NASDAQ:ATML), erasable programmable read-only memory (EPROM) devices and secure cryptographic products. The Automotive section includes apparatus for automotive electronics, including products using radio frequency technology. The Multi-Marketplace along with Other segment includes application specific and typical products for aerospace applications.