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

Advantest Corp. (OTCMKTS:ATEYY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $217.25, but opened at $232.01. Advantest shares last traded at $230.2845, with a volume of 5,418 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently commented on ATEYY shares. Zacks Research downgraded Advantest from a “strong-buy” rating to a “hold” rating in a report on Monday. Wall Street Zen raised shares of Advantest from a “hold” rating to a “buy” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Advantest Stock Up 5.9%

The firm has a market cap of $168.42 billion, a price-to-earnings ratio of 56.67 and a beta of 2.11. The company has a 50 day moving average of $191.57 and a 200 day moving average of $174.97.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.51 earnings per share (EPS) for the quarter. The company had revenue of $2.31 billion for the quarter. Advantest had a return on equity of 64.33% and a net margin of 37.15%. As a group, equities research analysts expect that Advantest Corp. will post 4.95 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.