Tokyo Electron (OTCMKTS:TOELY) Sets New 12-Month High – Here’s What Happened

Tokyo Electron Ltd. (OTCMKTS:TOELYGet Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $149.16 and last traded at $140.38, with a volume of 94682 shares traded. The stock had previously closed at $138.52.

Analyst Ratings Changes

Separately, Zacks Research cut Tokyo Electron from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Read Our Latest Stock Report on Tokyo Electron

Tokyo Electron Trading Down 2.0%

The stock has a market capitalization of $125.44 billion, a PE ratio of 33.75 and a beta of 1.88. The business’s 50-day moving average is $114.31 and its two-hundred day moving average is $97.45.

Tokyo Electron (OTCMKTS:TOELYGet Free Report) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates 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. On average, analysts predict that Tokyo Electron Ltd. will post 3.23 EPS for the current year.

Tokyo Electron Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Tokyo Electron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tokyo Electron and related companies with MarketBeat.com's FREE daily email newsletter.