Sanford C. Bernstein Upgrades Advantest (OTCMKTS:ATEYY) to “Strong-Buy”

Advantest (OTCMKTS:ATEYY) was upgraded by research analysts at Sanford C. Bernstein from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Several other research firms also recently issued reports on ATEYY. Wall Street Zen downgraded Advantest from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research report 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 MarketBeat, the stock has an average rating of “Buy”.

Advantest Trading Up 2.3%

OTCMKTS:ATEYY opened at $177.99 on Wednesday. The company has a market cap of $130.29 billion, a PE ratio of 64.72 and a beta of 2.10. Advantest has a twelve month low of $36.70 and a twelve month high of $195.42. The company’s 50 day moving average is $159.19 and its two-hundred day moving average is $140.64.

Advantest (OTCMKTS:ATEYY) last released its earnings results on Wednesday, January 28th. The company reported $0.70 earnings per share for the quarter. The company had revenue of $1.78 billion for the quarter. As a group, analysts expect that Advantest will post 1.61 EPS 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.