Advantest (OTCMKTS:ATEYY) Hits New 52-Week High - Still a Buy?

Key Points

• Advantest shares reached a new 52-week high, trading as high as $198 and closing at $198, up from the prior close of $186.09.
• Recent analyst action has been notably bullish, with multiple upgrades including moves to strong-buy; MarketBeat shows a consensus rating of Buy.
• The company reported solid recent results, including $1.11 EPS and $2.09 billion in quarterly revenue, while analysts expect full-year EPS of 4.64.

Advantest Corp. (OTCMKTS:ATEYY - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The company traded as high as $198.00 and last traded at $198.00, with a volume of 64051 shares traded. The stock had previously closed at $186.09.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wall Street Zen upgraded shares of Advantest from a "hold" rating to a "buy" rating in a report on Monday, April 27th. Sanford C. Bernstein raised Advantest from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 15th. Finally, Zacks Research upgraded Advantest from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Advantest has a consensus rating of "Buy".

Advantest Stock Performance

The company has a market capitalization of $144.79 billion, a P/E ratio of 58.18 and a beta of 2.22. The business's fifty day simple moving average is $161.48 and its 200-day simple moving average is $147.59.

Advantest (OTCMKTS:ATEYY - Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The company reported $1.11 EPS for the quarter. The business had revenue of $2.09 billion during the quarter. Advantest had a net margin of 33.21% and a return on equity of 59.63%. As a group, analysts forecast that Advantest Corp. will post 4.64 EPS 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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