Advantest (OTCMKTS:ATEYY) Sets New 1-Year High – Still a Buy?

Advantest Corp. (OTCMKTS:ATEYY) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $198.00 and last traded at $198.00, with a volume of 64051 shares changing hands. The stock had previously closed at $186.09.

Analyst Ratings Changes

ATEYY has been the topic of a number of recent analyst reports. Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Wall Street Zen upgraded shares of Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Finally, Sanford C. Bernstein raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Advantest presently has an average rating of “Buy”.

Advantest Trading Up 6.3%

The company has a market cap of $144.79 billion, a PE ratio of 58.18 and a beta of 2.22. The business has a fifty day simple moving average of $161.48 and a two-hundred day simple moving average of $147.59.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings data on Monday, April 27th. The company reported $1.11 EPS for the quarter. Advantest had a net margin of 33.21% and a return on equity of 59.63%. The company had revenue of $2.09 billion during the quarter. Equities analysts expect 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.