Tokyo Electron (OTCMKTS:TOELY) Hits New 52-Week High – Should You Buy?

Tokyo Electron Ltd. (OTCMKTS:TOELY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $131.23 and last traded at $129.24, with a volume of 507490 shares trading hands. The stock had previously closed at $128.31.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Tokyo Electron from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Tokyo Electron Trading Up 0.7%

The business has a fifty day moving average price of $107.55 and a two-hundred day moving average price of $94.06. The firm has a market capitalization of $119.08 billion, a PE ratio of 32.80 and a beta of 1.88.

Tokyo Electron (OTCMKTS:TOELY) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. The firm had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.06 billion. Tokyo Electron had a net margin of 21.74% and a return on equity of 28.36%. On average, equities analysts forecast 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.