Advantest (OTCMKTS:ATEYY) Posts Earnings Results

Advantest (OTCMKTS:ATEYY) posted its earnings results on Wednesday. The company reported $1.51 earnings per share for the quarter, Zacks reports. Advantest had a net margin of 33.21% and a return on equity of 55.98%.

Advantest Trading Up 6.9%

ATEYY stock opened at $166.25 on Thursday. The stock has a market cap of $121.69 billion, a PE ratio of 48.90 and a beta of 2.10. Advantest has a 12 month low of $64.91 and a 12 month high of $222.45. The company has a 50-day moving average price of $178.95 and a 200 day moving average price of $168.45.

Wall Street Analyst Weigh In

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

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.