Tokyo Electron (OTCMKTS:TOELY) Shares Gap Down – Here’s Why

Tokyo Electron Ltd. (OTCMKTS:TOELY) shares gapped down prior to trading on Friday . The stock had previously closed at $137.00, but opened at $130.66. Tokyo Electron shares last traded at $133.12, with a volume of 29,438 shares.

Analyst Ratings Changes

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

Tokyo Electron Stock Down 2.8%

The company has a market cap of $122.74 billion, a PE ratio of 33.81 and a beta of 1.88. The firm’s 50-day moving average is $108.55 and its 200-day moving average is $94.62.

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