Advantest (OTCMKTS:ATEYY) Trading Down 5.4% - Should You Sell?

Key Points

• Advantest (OTCMKTS:ATEYY) shares dropped about 5.4% to $176.88 in mid-day trading, with just 8,628 shares traded—an 88% decline versus average session volume.
• Several analysts have upgraded the stock (including Sanford C. Bernstein and Zacks), leaving a MarketBeat consensus rating of Buy.
• The company reported solid quarterly results (EPS $1.11 on $2.09B revenue, net margin 33.21%, ROE 59.63%), but carries a high valuation with a P/E of 52.79 and market cap around $131.4 billion.

Advantest Corp. (OTCMKTS:ATEYY - Get Free Report)'s share price traded down 5.4% during mid-day trading on Friday . The stock traded as low as $174.93 and last traded at $176.88. 8,628 shares were traded during trading, a decline of 88% from the average session volume of 74,607 shares. The stock had previously closed at $187.00.

Wall Street Analysts Forecast Growth

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

Advantest Stock Performance

The firm has a market capitalization of $131.38 billion, a PE ratio of 52.79 and a beta of 2.10. The company's fifty day moving average price is $160.21 and its two-hundred day moving average price is $145.55.

Advantest (OTCMKTS:ATEYY - Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The company reported $1.11 earnings per share for the quarter. The business had revenue of $2.09 billion for the quarter. Advantest had a net margin of 33.21% and a return on equity of 59.63%. On average, equities analysts expect that Advantest Corp. will post 4.64 earnings per share for the current year.

About Advantest

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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