Advantest (OTCMKTS:ATEYY) Shares Gap Up – Should You Buy?

Advantest Corp. (OTCMKTS:ATEYY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $155.48, but opened at $174.90. Advantest shares last traded at $173.2550, with a volume of 18,233 shares.

Analysts Set New Price Targets

ATEYY has been the topic of several analyst reports. Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a research report on Monday, April 27th. Finally, Sanford C. Bernstein upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research 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. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Advantest Stock Performance

The stock’s 50-day moving average is $179.02 and its 200 day moving average is $168.19. The firm has a market cap of $124.81 billion, a P/E ratio of 50.15 and a beta of 2.10.

Advantest (OTCMKTS:ATEYY) last posted its earnings results on Wednesday, July 29th. The company reported $1.51 earnings per share for the quarter. Advantest had a return on equity of 55.98% and a net margin of 33.21%. On average, research analysts anticipate that Advantest Corp. will post 4.95 EPS for the current year.

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.