Zacks Research cut shares of Advantest (OTCMKTS:ATEYY – Free Report) from a strong-buy rating to a hold rating in a report released on Monday,Zacks.com reports.
ATEYY has been the subject of a number of other research reports. Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a 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. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Advantest currently has a consensus rating of “Moderate Buy”.
View Our Latest Stock Report on ATEYY
Advantest Trading Down 1.7%
Advantest (OTCMKTS:ATEYY – Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The company reported $1.11 earnings per share (EPS) for the quarter. The business had revenue of $2.09 billion during the quarter. Advantest had a return on equity of 59.63% and a net margin of 33.21%. On average, analysts predict that Advantest will post 4.64 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.
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