Advantest (OTCMKTS:ATEYY) Sees Strong Trading Volume – What’s Next?

Advantest Corp. (OTCMKTS:ATEYY) shares saw unusually-high trading volume on Tuesday . Approximately 90,539 shares traded hands during trading, an increase of 18% from the previous session’s volume of 76,478 shares.The stock last traded at $185.93 and had previously closed at $201.79.

Analysts Set New Price Targets

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

Advantest Stock Performance

The stock has a 50 day moving average of $177.52 and a 200 day moving average of $158.93. The stock has a market capitalization of $140.98 billion, a P/E ratio of 56.65 and a beta of 2.13.

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