Advantest (OTCMKTS:ATEYY) Announces Earnings Results

Advantest (OTCMKTS:ATEYY) issued its earnings results on Monday. The company reported $1.11 EPS for the quarter, Zacks reports.

Advantest Stock Performance

Shares of OTCMKTS:ATEYY opened at $188.94 on Monday. Advantest has a 52 week low of $38.25 and a 52 week high of $195.42. The company’s fifty day moving average is $159.24 and its 200-day moving average is $143.94. The company has a market capitalization of $138.30 billion, a PE ratio of 68.71 and a beta of 2.10.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ATEYY shares. Wall Street Zen downgraded shares of Advantest from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Zacks Research upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Sanford C. Bernstein upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Advantest currently has a consensus rating of “Buy”.

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.