Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

In a bid to boost its smart energy portfolio Atmel Corporation (ATML - Analyst Report) recently completed the acquisition of Integrated Device Technology’s, Inc ((IDTI - Snapshot Report) smart metering IC product lines and technologies for an undisclosed amount. This acquisition includes IDTI's Metrology Analog Front End (AFE) and System-On-Chip (SoC) devices for single- and poly-phase energy meters.

Targeting the rapidly growing PRIME smart metering market, Atmel's smart metering portfolio includes the world's first single-chip power line communications (PLC). The smart metering IC (integrated circuit) product line features excellent measurement accuracy in both single as well as poly-phase. The recently acquired metering solution allows manufacturers to merge the various types of meters into one standard model, thereby simplifying the manufacturing process and reducing the overall bill of materials.

Through a continuous pipeline of innovative products, Atmel and IDTI customers now have access to a more complete suite of smart energy solutions for a wider range of applications. With this acquisition, Atmel has also expanded its smart energy solutions portfolio to augment its revenues. According to a market research firm, annual smart grid revenue is expected to grow to $73 billion by 2020.

Based in San Jose, Calif, Atmel designs, develops, manufactures and sells IC products. These products include microcontrollers, advanced logic, mixed-signal, non-volatile memory and radio frequency (RF) components. The company has introduced a substantial number of new products in the past few quarters, which is likely to benefit the business during industrial recovery.

The company operates in an intensely competitive landscape that includes big players such as PLX Technology Inc (PLXT). Given the competition, constant technological upgrades are the most befitting survival strategies of Atmel.

Atmel currently has a Zacks Rank #3 (Hold). One of its competitors, Semiconductor Manufacturing International Corp (SMI - Snapshot Report) carries a Zacks Rank #1 (Strong Buy).
 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GROUP DXYN 15.84 +7.90%
BOFL HOLDING BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%