Advantest (OTCMKTS:ATEYY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The firm presently has a $24.00 target price on the stock. Zacks Investment Research‘s price target points to a potential upside of 22.45% from the company’s previous close.

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. “

Several other research firms also recently issued reports on ATEYY. ValuEngine downgraded Advantest from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. Goldman Sachs Group raised Advantest from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 30th.

Advantest stock traded down $1.60 during midday trading on Thursday, reaching $19.60. The company’s stock had a trading volume of 263 shares, compared to its average volume of 206. Advantest has a fifty-two week low of $16.20 and a fifty-two week high of $25.80. The company has a market cap of $3.72 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 0.81 and a beta of 1.13.

Advantest Company Profile

Advantest Corporation manufactures and sells semiconductor and component test system products and mechatronics-related products. It operates through Semiconductor and Component Test System; Mechatronics System; and Services, Support and Others segments. The Semiconductor and Component Test System segment provides customers with test system products for the semiconductor industry and the electronic parts industry.

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