Advantest (OTCMKTS:ATEYY) Stock Rating Upgraded by Zacks Research

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

ATEYY has been the subject of several other research reports. Sanford C. Bernstein upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Wall Street Zen upgraded shares of Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

Advantest Stock Performance

OTCMKTS ATEYY opened at $194.99 on Wednesday. The business’s 50 day moving average price is $174.74 and its 200-day moving average price is $157.12. Advantest has a fifty-two week low of $64.91 and a fifty-two week 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.

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