Advantest (OTCMKTS:ATEYY) Sets New 12-Month High – What’s Next?

Advantest Corp. (OTCMKTS:ATEYY) hit 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.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ATEYY. Zacks Research upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Sanford C. Bernstein upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report 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 research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Advantest Stock Up 4.6%

The business has a 50-day simple moving average of $175.42 and a 200-day simple moving average of $157.59. The company has a market cap of $149.23 billion, a PE ratio of 59.96 and a beta of 2.14.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings data 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 return on equity of 59.63% and a net margin of 33.21%. On average, research analysts forecast 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.