Advantest (OTCMKTS:ATEYY) Hits New 1-Year High - What's Next?

Shares of Advantest Corp. (OTCMKTS:ATEYY - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $95.99 and last traded at $95.27, with a volume of 45663 shares trading hands. The stock had previously closed at $94.35.Wall Street Analysts Forecast GrowthAI Exposure Without the Hype: 3 ETFs That Offer Smarter AI BetsA number of equities analysts have commented on the stock. Zacks Research downgraded shares of Advantest from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 2nd. Wall Street Zen raised shares of Advantest from a "hold" rating to a "buy" rating in a research report on Friday, August 8th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold".Check Out Our Latest Stock Analysis on ATEYYAdvantest Price PerformanceThe stock has a market cap of $70.31 billion, a price-to-earnings ratio of 78.09 and a beta of 1.76. The company's fifty day moving average price is $76.54 and its 200-day moving average price is $60.31. Advantest (OTCMKTS:ATEYY - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.85 EPS for the quarter. Advantest had a net margin of 19.95% and a return on equity of 29.15%. The company had revenue of $1.83 billion during the quarter. On average, sell-side analysts forecast that Advantest Corp. will post 1.61 earnings per share for the current fiscal year. About Advantest (Get Free Report)Advantest Corporation manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia. The company operates through three segments: Semiconductor and Component Test System; Mechatronics Related Business; and Services, Support and Others.Featured ArticlesFive stocks we like better than AdvantestUsing the MarketBeat Stock Split CalculatorHow Bath & Body Works Is a Perfect Example of a Value Stock Top Stocks Investing in 5G TechnologyWhy Opendoor Stock Is Soaring—and May Just Be Starting5 Top Rated Dividend Stocks to Consider3 Dividend Stocks Raising Payouts in 2025 — With More to ComeThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Advantest Right Now?Before you consider Advantest, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Advantest wasn't on the list.While Advantest currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here