Advantest (OTCMKTS:ATEYY) Reaches New 12-Month High – Still a Buy?

Advantest Corp. (OTCMKTS:ATEYY) hit a new 52-week high on Wednesday . The company traded as high as $225.00 and last traded at $222.73, with a volume of 4480 shares traded. The stock had previously closed at $215.13.

Analyst Ratings Changes

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

Advantest Stock Up 3.9%

The company has a fifty day simple moving average of $187.44 and a 200-day simple moving average of $173.69. The firm has a market cap of $169.44 billion, a P/E ratio of 57.01 and a beta of 2.11.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.51 earnings per share for the quarter. The firm had revenue of $2.31 billion for the quarter. Advantest had a return on equity of 64.33% and a net margin of 37.15%. As a group, research analysts forecast 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.