Advantest (OTCMKTS:ATEYY) Stock Price Up 8% – Should You Buy?

Advantest Corp. (OTCMKTS:ATEYY) shares were up 8% during mid-day trading on Wednesday . The company traded as high as $191.59 and last traded at $189.14. 2,431 shares were traded during trading, a decline of 98% from the average daily volume of 108,395 shares. The stock had previously closed at $175.16.

Analysts Set New Price Targets

Several analysts recently commented on ATEYY shares. Sanford C. Bernstein raised Advantest from a “hold” rating to a “strong-buy” rating in a research note 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. Finally, Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 17th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Advantest currently has a consensus rating of “Buy”.

Advantest Stock Up 0.9%

The business’s 50-day moving average is $179.90 and its two-hundred day moving average is $164.93. The company has a market capitalization of $136.37 billion, a P/E ratio of 54.79 and a beta of 2.10.

Advantest (OTCMKTS:ATEYY) last issued its earnings results on Monday, April 27th. The company reported $1.11 EPS for the quarter. Advantest had a return on equity of 55.98% and a net margin of 33.21%.The business had revenue of $2.09 billion during the quarter. Analysts predict that Advantest Corp. 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.