Advantest (OTCMKTS:ATEYY) Lowered to “Underperform” at Mizuho

Advantest (OTCMKTS:ATEYY) was downgraded by analysts at Mizuho from a “neutral” rating to an “underperform” rating in a note issued to investors on Friday, The Fly reports.

Separately, Zacks Investment Research lowered Advantest from a “strong-buy” rating to a “sell” rating in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Advantest has an average rating of “Hold” and an average price target of $32.00.

OTCMKTS ATEYY opened at $25.32 on Friday. The stock has a market capitalization of $4.91 billion, a PE ratio of 9.70, a PEG ratio of 1.09 and a beta of 1.19. Advantest has a 1-year low of $16.20 and a 1-year high of $29.89.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.05. The business had revenue of $577.51 million for the quarter, compared to analyst estimates of $576.22 million. Advantest had a return on equity of 32.14% and a net margin of 20.18%. Sell-side analysts anticipate that Advantest will post 1.5 earnings per share for the current fiscal year.

Advantest Company Profile

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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