Advantest (OTCMKTS:ATEYY) Downgraded by Zacks Research to Hold

Advantest (OTCMKTS:ATEYY) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other brokerages have also issued reports on ATEYY. Sanford C. Bernstein raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a 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. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Advantest Trading Down 1.7%

Shares of ATEYY opened at $163.58 on Monday. Advantest has a 12-month low of $46.97 and a 12-month high of $198.32. The firm has a 50-day moving average price of $163.06 and a 200 day moving average price of $150.91. The firm has a market capitalization of $119.74 billion, a P/E ratio of 48.11 and a beta of 2.22.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings data on Monday, April 27th. The company reported $1.11 earnings per share (EPS) for the quarter. Advantest had a net margin of 33.21% and a return on equity of 59.63%. The firm had revenue of $2.09 billion during the quarter. Equities research analysts predict that Advantest will post 4.64 earnings per share 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.