On Dec 7, Zacks Investment Research updated the research report on leading microcontroller and touch solutions provider Atmel Corporation ATML.
Atmel, reportedly the third largest player in the microcontroller market, is presently in the process of transforming itself into a microcontroller-based company, by continually introducing high-margin products that have high growth potential. These products are expected to boost the company’s top line and unlock sustainable value.
Smooth integration of Newport Media’s solutions will enable Atmel to create the industry’s most comprehensive wireless portfolio of smart connected devices for the IoT (internet of Things) market. In addition, Atmel has joined hands with Samsung, Intel, Broadcom, and Dell to establish a new industry consortium focused on improving interoperability and defining the connectivity requirements for the billions of devices that will make up the IoT. The substantial investments in new products have led to high levels of customer design activity for 32-bit, and are likely to enhance Atmel’s existing strong position in the microcontroller market.
Fast-growing touch-sensing technology is one of the major growth drivers for Atmel's microcontroller business. The phenomenal growth is led by continued rapid use of smartphones, the rise of Android tablets and the penetration into the latest applications including tablets, netbooks, cameras, printers, automotive, and other areas.
The demand for touch-sensing is also increasing beyond the smartphone and tablet markets and is now being used in the industrial market for its point-of-sale terminals, home and building automation and medical equipment. Moreover, Jaguar Land Rover, General Motors, and Mazda are also using Atmel’s maXTouch technology. The investments that the company has made in the past 18 months have significantly improved the competitiveness of its product portfolio and positioned it well for enhanced operating performance and will continue to do so in future. The touch sensor market represents an enormous opportunity for Atmel and heralds substantial growth for the company in the coming quarters.
Based in San Jose, CA, Atmel designs, develops, manufactures and sells integrated circuit (IC) products. These products include microcontrollers, advanced logic, mixed-signal, non-volatile memory and radio frequency (RF) components. Atmel produces non-volatile memory that stores information after power is turned off and combines this with microcontrollers, digital signal processors and other logic to meet the needs of its customers.
Atmel currently has a Zacks Rank # 3 (Hold). Other stocks that look promising and are worth considering in the industry include Anadigics, Inc. ANAD, FormFactor Inc. FORM and Applied Micro Circuits Corporation AMCC, each carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment