Advantest (OTCMKTS:ATEYY) Releases Earnings Results

Advantest (OTCMKTS:ATEYY) issued its quarterly earnings results on Wednesday. The company reported $1.51 earnings per share for the quarter, Zacks reports. Advantest had a net margin of 33.21% and a return on equity of 55.98%.

Advantest Price Performance

Shares of Advantest stock traded up $14.02 on Wednesday, hitting $169.50. 61,983 shares of the company’s stock traded hands, compared to its average volume of 105,668. The company has a market capitalization of $124.07 billion, a price-to-earnings ratio of 49.85 and a beta of 2.10. The company has a fifty day moving average of $179.02 and a two-hundred day moving average of $168.19. Advantest has a one year low of $64.91 and a one year high of $222.45.

Analyst Ratings Changes

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

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.