5 Tech Stocks Under $10 That Are Poised To Explode

1. Atmel Corporation (NASDAQ:ATML)

Investors with Long Positions (as of June 30): 36

Aggregate Value of Investors’ Holdings (as of June 30): $364.64 Million

The number of hedge funds with long positions in Atmel Corporation (NASDAQ:ATML) increased by eight during the June quarter, while the value of these positions grew by $162.46 million. Unfortunately, we were a day late getting this article published for our readers, as just a few hours ago, chipmaker Dialog Semiconductor and Atmel announced that the Anglo-German company agreed to buy its U.S industry peer in a cash and stock transaction that adds up to $4.6 billion. The transaction is anticipated to close in the first quarter of 2016, with Atmel’s shareholders receiving $4.65 in cash and 0.112 of Dialog’s American Depository Shares (ADS), which will be listed on the New York Stock Exchange or the NASDAQ Stock Market. The stock has already exploded during today’s trading session as a result, up by over 15%, with the company’s current shareholders receiving an attractive premium. Cliff Asness’ AQR Capital Management was among the largest shareholders of Atmel Corporation (NASDAQ:ATML) at the end of the quarter, with an ownership stake of 3.62 million shares.

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