Advantest (OTCMKTS:ATEYY) Sees Unusually-High Trading Volume – Should You Buy?

Advantest Corp. (OTCMKTS:ATEYY) shares saw an uptick in trading volume on Monday . 317,051 shares were traded during mid-day trading, an increase of 291% from the previous session’s volume of 81,109 shares.The stock last traded at $205.30 and had previously closed at $200.74.

Analysts Set New Price Targets

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

Advantest Price Performance

The firm’s 50-day moving average price is $178.88 and its 200-day moving average price is $160.03. The company has a market cap of $150.60 billion, a price-to-earnings ratio of 60.51 and a beta of 2.14.

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