Zacks Research Upgrades Advantest (OTCMKTS:ATEYY) to Strong-Buy

Advantest (OTCMKTS:ATEYY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday, Zacks reports.

Advantest Stock Performance

Shares of ATEYY opened at $197.46 on Tuesday. The company has a market capitalization of $144.54 billion, a PE ratio of 48.64 and a beta of 2.12. Advantest has a one year low of $92.56 and a one year high of $240.89. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.67 and a quick ratio of 1.85. The company’s fifty day moving average price is $202.26 and its 200 day moving average price is $181.01.

Advantest (OTCMKTS:ATEYY) last released its earnings results on Wednesday, July 29th. The company reported $1.51 earnings per share for the quarter. Advantest had a net margin of 37.15% and a return on equity of 58.10%. The firm had revenue of $2.31 billion during the quarter. As a group, analysts expect that Advantest will post 6.48 earnings per share for the current year.

About Advantest

Advantest Corporation is a Japan-based provider of semiconductor test and measurement solutions. The company develops systems used to evaluate the performance, quality and reliability of semiconductor devices during manufacturing, helping chipmakers identify defects and improve production yields.

Its products and services include semiconductor test systems, test handlers and other mechatronics products, device interfaces such as semiconductor sockets, and system-level test solutions. Advantest also provides measurement, data analysis and engineering services that support testing throughout the semiconductor manufacturing process, including applications involving advanced logic, memory, automotive and high-performance computing devices.

Founded in Japan in 1954 as Takeda Riken Industry Co, Advantest adopted its current name in 1985.