Advantest (OTCMKTS:ATEYY) Upgraded at Zacks Research

Advantest (OTCMKTS:ATEYY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on ATEYY. Wall Street Zen upgraded shares of Advantest from a “hold” rating to a “buy” rating in a research report on Monday, April 27th. Sanford C. Bernstein raised Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Two equities research 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, the stock presently has an average rating of “Buy”.

Advantest Stock Performance

ATEYY stock opened at $194.99 on Wednesday. Advantest has a 52 week low of $64.91 and a 52 week high of $198.32. The company has a market capitalization of $142.73 billion, a PE ratio of 57.35 and a beta of 2.13. The company’s 50-day simple moving average is $174.74 and its 200 day simple moving average 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 business had revenue of $2.09 billion during the quarter. Advantest had a net margin of 33.21% and a return on equity of 59.63%. On average, analysts forecast that Advantest will post 4.95 EPS for the current year.

Advantest Company Profile

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.