Advantest (OTCMKTS:ATEYY) Downgraded to Hold Rating by Zacks Research

Advantest (OTCMKTS:ATEYY – Get Free Report) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, Wall Street Zen raised shares of Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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Advantest Stock Performance

Shares of OTCMKTS ATEYY opened at $217.25 on Monday. Advantest has a 1 year low of $69.87 and a 1 year high of $240.89. The firm’s 50 day moving average price is $191.57 and its 200 day moving average price is $174.97. The firm has a market cap of $159.03 billion, a P/E ratio of 53.51 and a beta of 2.11.

Advantest (OTCMKTS:ATEYY – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.51 earnings per share for the quarter. Advantest had a return on equity of 64.33% and a net margin of 37.15%.The company had revenue of $2.31 billion during the quarter. As a group, equities analysts predict that Advantest will post 4.95 EPS for the current 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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