Tokyo Electron (OTCMKTS:TOELY) Shares Gap Up – Still a Buy?

Tokyo Electron Ltd. (OTCMKTS:TOELY) gapped up before the market opened on Monday . The stock had previously closed at $98.50, but opened at $104.95. Tokyo Electron shares last traded at $104.56, with a volume of 2,928 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Tokyo Electron from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Tokyo Electron Stock Up 1.7%

The stock has a fifty day moving average price of $103.24 and a two-hundred day moving average price of $90.50. The company has a market cap of $96.72 billion, a price-to-earnings ratio of 26.64 and a beta of 1.90.

Tokyo Electron (OTCMKTS:TOELY) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Tokyo Electron had a net margin of 21.74% and a return on equity of 28.36%. Analysts predict that Tokyo Electron Ltd. will post 3.23 earnings per share for the current fiscal year.

Tokyo Electron Company Profile

Tokyo Electron (OTCMKTS:TOELY) is a Japan-based manufacturer of equipment and services for the semiconductor and flat-panel display industries. The company develops, produces and sells a broad range of wafer fabrication tools used across front-end and back-end semiconductor processes, including equipment for etch, deposition, thermal processing, wafer cleaning and inspection, as well as production systems for advanced packaging and assembly. In addition to semiconductor tools, Tokyo Electron supplies production equipment and process solutions for flat-panel displays and related display technologies.

Beyond capital equipment, Tokyo Electron provides lifecycle services such as installation, maintenance, spare parts, process support and software solutions aimed at maximizing tool uptime and process yield.