Zacks Investment Research upgraded shares of Advantest (OTCMKTS:ATEYY) from a hold rating to a buy rating in a research note published on Wednesday. The firm currently has $24.00 target price on the stock.
According to Zacks, “Advantest Corporation is one of the world’s leading automatic test equipment suppliers to the semiconductor industry, and is also a producer of electronic and optoelectronic instruments and systems. A global company, Advantest has long offered total ATE solutions, and serves the industry in every component of semiconductor test: tester, handler, mechanical and electrical interfaces, and software. Its logic, memory, mixed-signal and RF testers, and device handlers, are integrated into the most advanced semiconductor fabrication lines in the world. “
Shares of Advantest (ATEYY) opened at $22.06 on Wednesday. Advantest has a one year low of $16.46 and a one year high of $23.40. The stock has a market capitalization of $3,868.49, a P/E ratio of 40.11, a price-to-earnings-growth ratio of 1.82 and a beta of 0.68. The company has a current ratio of 4.04, a quick ratio of 3.02 and a debt-to-equity ratio of 0.26.
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Advantest Corporation manufactures and sells semiconductor and component test system products and mechatronics-related products, such as test handlers and device interfaces. The Company engages in research and development activities, and provides maintenance and support services associated with these products.
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