Back to top

Analyst Blog

Leading microcontroller and touch technology solutions company Atmel Corporation (ATML - Analyst Report) recently announced the appointment of Steve Skaggs as interim Chief Financial Officer (CFO). Steve Skaggs will hold the new office immediately after Stephen Cumming steps down from his position of Vice President of Finance and CFO. Meanwhile, Atmel will continue with its search for a permanent CFO.

Steve Skaggs is currently entrusted with the responsibilities of the Senior Vice President of Corporate Strategy & Development division at Atmel. He brings on board 20 years of experience in the semiconductor industry along with global business insight in corporate restructuring and technology.

With his leadership traits, expertise and experience, Skaggs is expected to unlock further value for the company. We believe that Steve Skaggs’ sector-specific know-how will prove beneficial for Atmel and augment its revenues and margins going forward. Incidentally, Atmel also increased the lower range of its revenue guidance for first quarter 2013 from the earlier range of $311 million to $328 million to $318 million to $328 million.

With past experience in companies like Bain & Company, where he played a major role in corporate restructuring, mergers and acquisitions and strategic planning, Steve Skaggs is expected to bring in transformative changes in Atmel. Steve Skaggs had also served as the CEO and CFO of Lattice Semiconductor Corporation (LSCC - Snapshot Report).

Based in San Jose, Calif, 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 products to meet the needs of its customers.

The company operates in an intensely competitive landscape that includes big players such as Anadigics, Inc (ANAD - Analyst Report). 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 or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

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 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
UNITED THER… UTHR 117.83 +28.51%
TRIQUINT SE… TQNT 20.67 +6.52%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%
STRATTEC SE… STRT 80.24 +3.00%