Advantest (OTCMKTS:ATEYY) Shares Gap Up – Here’s Why

Shares of Advantest Corp. (OTCMKTS:ATEYY) gapped up prior to trading on Tuesday . The stock had previously closed at $153.51, but opened at $166.85. Advantest shares last traded at $166.7550, with a volume of 4,083 shares.

Analysts Set New Price Targets

Several brokerages recently commented on ATEYY. Zacks Research cut Advantest from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Sanford C. Bernstein raised Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Finally, Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Advantest presently has a consensus rating of “Moderate Buy”.

Advantest Stock Performance

The firm’s 50-day moving average is $169.43 and its two-hundred day moving average is $154.71. The stock has a market cap of $105.94 billion, a P/E ratio of 42.56 and a beta of 2.13.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings data on Monday, April 27th. The company reported $1.11 earnings per share 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. As a group, research analysts forecast 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.