Advantest (OTCMKTS:ATEYY) Posts Quarterly Earnings Results

Advantest (OTCMKTS:ATEYY) released its quarterly earnings results on Wednesday. The company reported $1.51 earnings per share for the quarter, Zacks reports. Advantest had a return on equity of 64.33% and a net margin of 37.15%.The company had revenue of $2.31 billion for the quarter.

Advantest Trading Up 2.3%

ATEYY stock traded up $4.40 during trading on Friday, hitting $194.97. The company had a trading volume of 103,305 shares, compared to its average volume of 107,621. The business has a 50-day moving average of $179.31 and a 200-day moving average of $168.84. Advantest has a one year low of $64.91 and a one year high of $222.45. The stock has a market cap of $142.72 billion, a PE ratio of 48.02 and a beta of 2.10.

Wall Street Analyst Weigh In

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