Advantest (OTCMKTS:ATEYY) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Advantest (OTCMKTS:ATEYY) from a hold rating to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports.

Several other research analysts have also recently weighed in on ATEYY. Sanford C. Bernstein raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Advantest presently has an average rating of “Buy”.

Advantest Price Performance

OTCMKTS:ATEYY opened at $194.99 on Wednesday. Advantest has a one year low of $64.91 and a one year high of $198.32. The company has a market cap of $142.73 billion, a P/E ratio of 57.35 and a beta of 2.13. The firm’s fifty day moving average price is $174.74 and its two-hundred day moving average price is $157.12.

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