Advantest (OTCMKTS:ATEYY) Shares Gap Up – What’s Next?

Shares of Advantest Corp. (OTCMKTS:ATEYY) gapped up prior to trading on Thursday . The stock had previously closed at $190.45, but opened at $222.38. Advantest shares last traded at $217.09, with a volume of 8,853 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Zacks Research upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Wall Street Zen raised shares of Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Finally, Sanford C. Bernstein upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Advantest Trading Up 11.2%

The stock has a market cap of $156.87 billion, a PE ratio of 63.03 and a beta of 2.13. The business’s 50-day moving average price is $177.52 and its 200-day moving average price is $158.93.

Advantest (OTCMKTS:ATEYY) last posted its earnings results on Monday, April 27th. The company reported $1.11 EPS for the quarter. Advantest had a net margin of 33.21% and a return on equity of 59.63%. The company had revenue of $2.09 billion during the quarter. As a group, analysts predict that Advantest Corp. will post 4.95 earnings per share for the current 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.