Advantest (OTCMKTS:ATEYY) Lowered to Hold Rating by Zacks Research

Zacks Research downgraded shares of Advantest (OTCMKTS:ATEYY) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Separately, Wall Street Zen raised shares of Advantest from a “hold” rating to a “buy” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Advantest Stock Down 8.5%

OTCMKTS ATEYY opened at $217.25 on Monday. Advantest has a twelve month low of $69.87 and a twelve month high of $240.89. The firm has a market capitalization of $159.03 billion, a PE ratio of 53.51 and a beta of 2.11. The stock’s 50 day moving average is $191.57 and its 200 day moving average is $174.97.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.51 earnings per share (EPS) for the quarter. The business 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%. On average, research analysts anticipate that Advantest will post 4.95 earnings per share 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.