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

Advantest Corp (NASDAQ:ATEYY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Friday, April 14th. The firm presently has a $21.00 price target on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 24.00% from the company’s current price.

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. “

Shares of Advantest Corp (NASDAQ:ATEYY) remained flat at $17.83 during midday trading on Friday. 3 shares of the company traded hands. Advantest Corp has a 12 month low of $10.15 and a 12 month high of $19.64. The firm has a market capitalization of $3.15 billion and a PE ratio of 26.81. The company has a 50 day moving average of $18.45 and a 200-day moving average of $16.73.

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About Advantest Corp

Advantest Corporation manufactures and sells semiconductor and component test system products and mechatronics-related products, such as test handlers and device interfaces. The Company engages in research and development activities, and provides maintenance and support services associated with these products.

5 Day Chart for NASDAQ:ATEYY

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