Advantest (OTCMKTS:ATEYY) Sets New 52-Week High – Should You Buy?

Shares of Advantest Corp. (OTCMKTS:ATEYY) reached a new 52-week high during trading on Monday . The company traded as high as $205.00 and last traded at $203.50, with a volume of 30534 shares traded. The stock had previously closed at $194.9910.

Analyst Ratings Changes

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

Advantest Stock Performance

The firm’s 50 day simple moving average is $175.42 and its 200-day simple moving average is $157.59. The company has a market cap of $149.23 billion, a price-to-earnings ratio of 59.96 and a beta of 2.14.

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