Advantest (ATEYY) Rating Increased to Strong-Buy at Zacks Investment Research

Advantest (ATEYY) Rating Increased to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Advantest (OTCMKTS:ATEYY) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning, Zacks.com reports. They currently have $32.00 target price on the stock.

According to Zacks, “Advantest Corporation is one of the world’s leading automatic test equipment suppliers to the semiconductor industry, and is also a producer of electronic and optoelectronic instruments and systems. A global company, Advantest has long offered total ATE solutions, and serves the industry in every component of semiconductor test: tester, handler, mechanical and electrical interfaces, and software. Its logic, memory, mixed-signal and RF testers, and device handlers, are integrated into the most advanced semiconductor fabrication lines in the world. “

Separately, Jefferies Financial Group raised shares of Advantest from a hold rating to a buy rating in a report on Tuesday, January 15th.

ATEYY opened at $27.44 on Tuesday. Advantest has a fifty-two week low of $16.20 and a fifty-two week high of $29.89. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 1.08 and a beta of 1.07.

About Advantest

Advantest Corporation manufactures and sells semiconductor and component test system products and mechatronics-related products. It operates through Semiconductor and Component Test System; Mechatronics System; and Services, Support and Others segments. The Semiconductor and Component Test System segment provides customers with test system products for the semiconductor industry and the electronic parts industry.

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