Advantest (OTCMKTS:ATEYY) Shares Gap Up – What’s Next?

Advantest Corp. (OTCMKTS:ATEYY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $155.48, but opened at $174.90. Advantest shares last traded at $173.2550, with a volume of 18,233 shares trading hands.

Wall Street Analysts Forecast Growth

ATEYY has been the subject of a number of recent analyst reports. Sanford C. Bernstein upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Wall Street Zen upgraded shares of Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Finally, Zacks Research raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 17th. Two 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, the company has an average rating of “Buy”.

Advantest Stock Performance

The firm has a market cap of $139.50 billion, a price-to-earnings ratio of 46.94 and a beta of 2.10. The firm has a 50-day moving average price of $179.31 and a two-hundred day moving average price of $168.84.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.51 earnings per share (EPS) for the quarter. The firm had revenue of $2.31 billion during the quarter. Advantest had a return on equity of 64.33% and a net margin of 37.15%. Research 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.