Advantest (OTCMKTS:ATEYY – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $1.51 earnings per share (EPS) for the quarter, Zacks reports. Advantest had a return on equity of 55.98% and a net margin of 33.21%.
Advantest Stock Performance
OTCMKTS ATEYY traded up $14.02 during trading hours on Wednesday, reaching $169.50. 61,983 shares of the company’s stock were exchanged, compared to its average volume of 105,668. The company has a market capitalization of $124.07 billion, a price-to-earnings ratio of 49.85 and a beta of 2.10. The company’s 50-day moving average is $179.02 and its two-hundred day moving average is $168.19. Advantest has a one year low of $64.91 and a one year high of $222.45.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. Sanford C. Bernstein upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Zacks Research upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 17th. Finally, Wall Street Zen raised shares of Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.
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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