Tokyo Electron (OTCMKTS:TOELY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Tokyo Electron Ltd. (OTCMKTS:TOELY) saw unusually-high trading volume on Friday . Approximately 332,098 shares changed hands during trading, an increase of 50% from the previous session’s volume of 221,400 shares.The stock last traded at $123.00 and had previously closed at $120.84.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Tokyo Electron from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Tokyo Electron Price Performance

The business’s fifty day simple moving average is $106.50 and its two-hundred day simple moving average is $93.16. The company has a market cap of $117.95 billion, a PE ratio of 32.49 and a beta of 1.88.

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

About Tokyo Electron

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.