Advantest (OTCMKTS:ATEYY) Sets New 12-Month High – Time to Buy?

Advantest Corp. (OTCMKTS:ATEYY) shares hit a new 52-week high on Tuesday . The stock traded as high as $164.49 and last traded at $162.86, with a volume of 104603 shares traded. The stock had previously closed at $151.91.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ATEYY. The Goldman Sachs Group cut Advantest from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 8th. Wall Street Zen downgraded Advantest from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Zacks Research cut Advantest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Advantest Price Performance

The business’s fifty day moving average price is $132.31 and its two-hundred day moving average price is $109.51. The stock has a market capitalization of $120.20 billion, a PE ratio of 66.20 and a beta of 1.99.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.74 EPS for the quarter. The firm had revenue of $1.78 billion for the quarter. As a group, equities research analysts anticipate that Advantest Corp. will post 1.61 earnings per share for the current fiscal 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.