Advantest Corp. (OTCMKTS:ATEYY – Get Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $186.31, but opened at $177.30. Advantest shares last traded at $177.00, with a volume of 3,385 shares.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on ATEYY shares. Sanford C. Bernstein upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Wall Street Zen upgraded shares of Advantest from a “hold” rating to a “buy” rating in a research report on Monday, April 27th. Finally, Zacks Research upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 17th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy”.
Get Our Latest Analysis on ATEYY
Advantest Trading Up 5.4%
Advantest (OTCMKTS:ATEYY – Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The company reported $1.11 EPS for the quarter. The business had revenue of $2.09 billion during the quarter. Advantest had a return on equity of 55.98% and a net margin of 33.21%. On average, equities analysts forecast that Advantest Corp. will post 4.95 EPS 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.
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