Advantest (OTCMKTS:ATEYY) Stock Rating Lowered by Zacks Research

Advantest (OTCMKTS:ATEYY) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other equities analysts have also commented on the company. Sanford C. Bernstein raised Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Wall Street Zen raised Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Advantest presently has an average rating of “Moderate Buy”.

Advantest Trading Down 1.7%

OTCMKTS:ATEYY opened at $163.58 on Monday. Advantest has a 12-month low of $46.97 and a 12-month high of $198.32. The stock has a 50-day moving average price of $163.06 and a 200 day moving average price of $150.91. The stock has a market capitalization of $119.74 billion, a P/E ratio of 48.11 and a beta of 2.22.

Advantest (OTCMKTS:ATEYY) last released its earnings results on Monday, April 27th. The company reported $1.11 earnings per share (EPS) for the quarter. Advantest had a return on equity of 59.63% and a net margin of 33.21%.The firm had revenue of $2.09 billion during the quarter. On average, research analysts predict that Advantest will post 4.64 earnings per share for the current fiscal year.

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.