Advantest Corp. (OTCMKTS:ATEYY) Short Interest Update

Advantest Corp. (OTCMKTS:ATEYY) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 12,291 shares, a drop of 56.3% from the May 31st total of 28,109 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 180,382 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Zacks Research upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 17th. Finally, Wall Street Zen raised shares of Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Advantest Price Performance

ATEYY opened at $208.06 on Wednesday. The stock’s 50 day simple moving average is $179.98 and its 200 day simple moving average is $161.10. Advantest has a 1 year low of $64.91 and a 1 year high of $222.45. The firm has a market cap of $152.30 billion, a price-to-earnings ratio of 61.19 and a beta of 2.13.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings data on Monday, April 27th. The company reported $1.11 earnings per share for the quarter. The firm had revenue of $2.09 billion during the quarter. Advantest had a return on equity of 59.63% and a net margin of 33.21%. As a group, sell-side analysts anticipate that Advantest will post 4.95 EPS for the current year.

About Advantest

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.