Advantest (OTCMKTS:ATEYY) Sees Large Volume Increase – Still a Buy?

Advantest Corp. (OTCMKTS:ATEYY – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 90,539 shares traded hands during mid-day trading, an increase of 18% from the previous session’s volume of 76,478 shares.The stock last traded at $185.93 and had previously closed at $201.79.

Wall Street Analysts Forecast Growth

ATEYY has been the topic of a number of analyst reports. Sanford C. Bernstein upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Wall Street Zen raised Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Finally, Zacks Research upgraded 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 issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

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Advantest Price Performance

The stock’s fifty day moving average price is $176.26 and its 200-day moving average price is $158.10. The firm has a market cap of $139.07 billion, a PE ratio of 55.88 and a beta of 2.14.

Advantest (OTCMKTS:ATEYY – Get Free Report) last posted its quarterly earnings results on Monday, April 27th. The company reported $1.11 earnings per share for the quarter. The firm had revenue of $2.09 billion for the quarter. Advantest had a net margin of 33.21% and a return on equity of 59.63%. On average, sell-side analysts anticipate that Advantest Corp. will post 4.95 earnings per share for the current fiscal year.

Advantest Company Profile

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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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