Advantest (OTCMKTS:ATEYY) Shares Down 6.8% – What’s Next?

Advantest Corp. (OTCMKTS:ATEYY) traded down 6.8% during mid-day trading on Wednesday . The company traded as low as $192.00 and last traded at $192.68. 53,423 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 86,267 shares. The stock had previously closed at $206.67.

Analysts Set New Price Targets

ATEYY has been the topic of several research analyst reports. Wall Street Zen raised Advantest from a “hold” rating to a “buy” rating in a research report on Monday, April 27th. Sanford C. Bernstein upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Finally, Zacks Research raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Advantest presently has a consensus rating of “Buy”.

Advantest Stock Performance

The company has a 50-day moving average of $179.98 and a 200-day moving average of $161.10. The stock has a market cap of $140.08 billion, a price-to-earnings ratio of 56.29 and a beta of 2.13.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings data on Monday, April 27th. The company reported $1.11 earnings per share for the quarter. Advantest had a return on equity of 59.63% and a net margin of 33.21%.The company had revenue of $2.09 billion during the quarter. As a group, equities research analysts forecast that Advantest Corp. will post 4.95 EPS for the current year.

About Advantest

Advantest Corporation (OTCMKTS: ATEYY) is a Japan-headquartered company that specializes in the design, manufacture and sale of semiconductor test equipment and related measurement systems. Its core business is supplying automatic test equipment (ATE) and test solutions used by semiconductor manufacturers, fabless companies and outsourced test houses to validate integrated circuits, memory products, system-on-chip (SoC) devices and a broad range of analog, digital and mixed-signal components.

The company’s product portfolio includes handlers and test systems for packaged devices and wafer-level test, testers for memory and logic devices, signal and measurement instruments, and test interface and support products.