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    6857   JP3122400009

ADVANTEST CORPORATION

(6857)
  Report
Delayed Japan Exchange  -  01:00:00 2023-02-01 am EST
9570.00 JPY   +4.02%
01/31Nikkei hits 1-1/2-month high, Fed nerves cap gains
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01/31Transcript : Advantest Corporation, Q3 2023 Earnings Call, Jan 31, 2023
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01/31Advantest : Acquires Shin Puu
PU
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Japan's Nikkei hits 2-month high on signs of cooling U.S. inflation

11/10/2022 | 10:07pm EST

TOKYO, Nov 11 (Reuters) - Japan's Nikkei index hit a two-month high on Friday, led by Tokyo Electron and other growth stocks, tracking gains in Wall Street as signs of slowing inflation sparked speculation the U.S. central bank might become less aggressive with rate hikes.

The Nikkei rose 2.75% to 28,300.75 by the midday break, in what would be the biggest daily gain since Oct. 14. The index rose as high as 28,328.14, its strongest since Sept. 13.

The index gained 3.6% so far this week and is poised for a third straight weekly gain.

The broader Topix climbed nearly 2% to 1,973.52 and was set to gain 3% for the week.

U.S. stocks jumped overnight as cooler-than-expected inflation data suggested the Federal Reserve's barrage of interest rate hikes are beginning to have their intended effect. All three major U.S. stock indexes notched their biggest one-day percentage gains in about 2-1/2 years in a broad, robust rally.

"The fact that the growth rate of U.S. inflation was lower than expectations had boosted Wall Street, and that raised sentiment for Japanese market," said Takatoshi Itoshima, strategist at Pictet Asset Management Japan.

"Investors made a bet on Tokyo Electron, which disclosed weak outlook. This is a typical example that investors are looking for something beyond the ongoing business year."

Chip equipment maker Tokyo Electron jumped 9.09% and provided the biggest boost to the Nikkei, despite cutting its annual profit forecast. Peer Advantest climbed 9.06%.

Uniqlo brand owner Fast Retailing rose 2.25% and air-conditioner maker Daikin Industries climbed 6.02%.

Bucking the trend, Nikon tanked 8.64% to become the biggest loser in the Nikkei after the camera maker posted a lower half-year net profit. (Reporting by Junko Fujita; Editing by Sherry Jacob-Phillips)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ADVANTEST CORPORATION 4.02% 9570 Delayed Quote.8.49%
DAIKIN INDUSTRIES, LTD. -0.11% 22445 Delayed Quote.11.24%
FAST RETAILING CO., LTD. -0.55% 77990 Delayed Quote.-2.62%
NIKKEI 225 0.07% 27346.88 Real-time Quote.4.72%
NIKON CORPORATION -0.78% 1266 Delayed Quote.8.50%
TOKYO ELECTRON LTD. 2.13% 46130 Delayed Quote.16.18%
TOPIX INDEX -0.15% 1972.23 Delayed Quote.4.42%
All news about ADVANTEST CORPORATION
01/31Nikkei hits 1-1/2-month high, Fed nerves cap gains
RE
01/31Transcript : Advantest Corporation, Q3 2023 Earnings Call, Jan 31, 2023
CI
01/31Advantest : Acquires Shin Puu
PU
01/31Advantest Corporation Reports Earnings Results for the Third Quarter and Nine Months En..
CI
01/31Advantest Corporation Provides Dividend Guidance for the Year Ending March 31, 2023
CI
01/31Advantest Corporation Provides Earnings Guidance for the Year Ending March 31, 2023
CI
01/31Advantest Corporation entered into an agreement to acquire Shin Puu Technology Co., Ltd..
CI
01/30Japan's chip equipment makers in the dark about new China export restrictions
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01/30Japan's Nikkei tracks Wall Street gains to end at over 1-month high
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01/29Japan's Nikkei tracks Wall Street higher, U.S. events in focus
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More news
Analyst Recommendations on ADVANTEST CORPORATION
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Financials
Sales 2023 545 B 4 215 M 4 215 M
Net income 2023 130 B 1 004 M 1 004 M
Net cash 2023 79 382 M 614 M 614 M
P/E ratio 2023 13,8x
Yield 2023 1,70%
Capitalization 1 761 B 13 616 M 13 616 M
EV / Sales 2023 3,08x
EV / Sales 2024 3,18x
Nbr of Employees 5 941
Free-Float 94,8%
Chart ADVANTEST CORPORATION
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Technical analysis trends ADVANTEST CORPORATION
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 9 570,00 JPY
Average target price 10 915,38 JPY
Spread / Average Target 14,1%
EPS Revisions
Managers and Directors
Yoshiaki Yoshida Managing Executive Officer
Atsushi Fujita Director, Head-Compliance & Administration
Koichi Tsukui Director & Chief Technology Officer
Kazuhiro Yamashita Executive Officer & GM-Technology Development
Osamu Karatsu Independent Outside Director
Sector and Competitors