Advantest (OTCMKTS:ATEYY) Reaches New 12-Month High – Time to Buy?

Advantest Corp. (OTCMKTS:ATEYY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $240.89 and last traded at $237.44, with a volume of 78044 shares changing hands. The stock had previously closed at $231.08.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ATEYY shares. Zacks Research lowered shares of Advantest from a “strong-buy” rating to a “hold” rating in a report on Monday. Wall Street Zen raised Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Advantest Stock Up 6.1%

The stock’s 50-day moving average price is $193.29 and its 200-day moving average price is $175.36. The company has a market capitalization of $168.80 billion, a price-to-earnings ratio of 56.80 and a beta of 2.11.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.51 earnings per share for the quarter. Advantest had a net margin of 37.15% and a return on equity of 64.33%. The business had revenue of $2.31 billion during the quarter. On average, equities research analysts anticipate that Advantest Corp. will post 4.95 EPS for the current 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.