Advantest (OTCMKTS:ATEYY) Reaches New 52-Week High – Still a Buy?

Advantest Corp. (OTCMKTS:ATEYY) shares reached a new 52-week high on Wednesday . The stock traded as high as $225.00 and last traded at $222.73, with a volume of 4480 shares. The stock had previously closed at $215.13.

Analyst Ratings Changes

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

Advantest Price Performance

The stock has a 50-day simple moving average of $185.39 and a 200-day simple moving average of $172.57. The stock has a market cap of $164.50 billion, a P/E ratio of 55.35 and a beta of 2.11.

Advantest (OTCMKTS:ATEYY) last posted its earnings results on Wednesday, July 29th. The company reported $1.51 EPS for the quarter. Advantest had a net margin of 37.15% and a return on equity of 64.33%. The firm had revenue of $2.31 billion during the quarter. As a group, sell-side analysts forecast that Advantest Corp. 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.