Advantest (OTCMKTS:ATEYY) Sets New 12-Month High – Here’s Why

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

Analysts Set New Price Targets

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

Advantest Trading Up 4.5%

The company’s 50-day simple moving average is $185.39 and its 200-day simple moving average is $172.57. The stock has a market capitalization of $164.50 billion, a price-to-earnings ratio of 55.35 and a beta of 2.11.

Advantest (OTCMKTS:ATEYY) last issued its quarterly 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 company had revenue of $2.31 billion for the quarter. On average, equities research analysts expect that Advantest Corp. will post 4.95 earnings per share for the current fiscal 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.