Advantest (OTCMKTS:ATEYY) Releases Quarterly Earnings Results

Advantest (OTCMKTS:ATEYY) issued its quarterly earnings data on Wednesday. The company reported $1.51 EPS for the quarter, Zacks reports. Advantest had a return on equity of 55.98% and a net margin of 33.21%.

Advantest Trading Up 9.0%

ATEYY traded up $14.02 during trading on Wednesday, hitting $169.50. 130,734 shares of the company’s stock traded hands, compared to its average volume of 105,917. The stock has a market capitalization of $124.07 billion, a price-to-earnings ratio of 49.85 and a beta of 2.10. Advantest has a 12-month low of $64.91 and a 12-month high of $222.45. The company’s 50 day simple moving average is $179.02 and its two-hundred day simple moving average is $168.19.

Analyst Ratings Changes

ATEYY has been the topic of a number of recent research reports. Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Finally, Sanford C. Bernstein upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Advantest presently has a consensus rating of “Buy”.

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.