Advantest Corp. (OTCMKTS:ATEYY – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $129.51, but opened at $137.7750. Advantest shares last traded at $137.00, with a volume of 12,023 shares changing hands.
Analysts Set New Price Targets
A number of brokerages recently weighed in on ATEYY. Wall Street Zen lowered shares of Advantest from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. The Goldman Sachs Group lowered Advantest from a “buy” rating to a “neutral” rating in a report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Advantest from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Get Our Latest Report on ATEYY
Advantest Trading Down 1.9%
Advantest (OTCMKTS:ATEYY – Get Free Report) last issued its 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. Analysts expect that Advantest Corp. will post 1.61 earnings per share for the current 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.
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