Advantest (OTCMKTS:ATEYY) Shares Gap Up - Should You Buy?

Key Points

• Advantest shares gapped up to $171.88 from a $160.97 close (about a 7.8% rise), last trading at $171.80 on volume of 55,645 shares.
• Analyst sentiment is mixed: Zacks upgraded to "strong-buy" while Wall Street Zen downgraded to "hold", but MarketBeat's consensus remains a "Buy" (one Strong Buy, one Hold).
• Advantest reported $0.70 EPS on $1.78 billion in revenue for the quarter; the stock has a market cap of $127.04 billion, a PE of 63.11, and analysts forecast about 1.61 EPS for the fiscal year.

Advantest Corp. (OTCMKTS:ATEYY - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $160.97, but opened at $171.8818. Advantest shares last traded at $171.80, with a volume of 55,645 shares.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Zacks Research upgraded Advantest from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 26th. Wall Street Zen downgraded Advantest from a "buy" rating to a "hold" rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy".

Advantest Stock Up 7.8%

The stock has a market cap of $127.04 billion, a PE ratio of 63.11 and a beta of 2.10. The business has a 50 day moving average price of $158.18 and a 200 day moving average price of $139.59.

Advantest (OTCMKTS:ATEYY - Get Free Report) last released its quarterly earnings results on Wednesday, January 28th. The company reported $0.70 earnings per share for the quarter. The business had revenue of $1.78 billion during the quarter. On average, research analysts predict 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.

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