Advantest (OTCMKTS:ATEYY) Reaches New 12-Month High – Here’s What Happened

Advantest Corp. (OTCMKTS:ATEYY)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $198.00 and last traded at $198.00, with a volume of 64051 shares. The stock had previously closed at $186.09.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ATEYY shares. Sanford C. Bernstein upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.

Advantest Stock Up 6.6%

The stock’s 50-day moving average price is $161.48 and its 200 day moving average price is $147.59. The firm has a market cap of $145.17 billion, a price-to-earnings ratio of 58.33 and a beta of 2.22.

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