Tokyo Electron (OTCMKTS:TOELY) Sees Large Volume Increase – Time to Buy?

Tokyo Electron Ltd. (OTCMKTS:TOELY) shares saw an uptick in trading volume on Monday . 204,237 shares were traded during trading, an increase of 23% from the previous session’s volume of 166,327 shares.The stock last traded at $167.98 and had previously closed at $172.39.

Wall Street Analysts Forecast Growth

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

Tokyo Electron Trading Down 2.2%

The stock has a market capitalization of $159.06 billion, a price-to-earnings ratio of 40.83 and a beta of 1.95. The stock has a 50-day moving average price of $133.96 and a 200 day moving average price of $122.45.

Tokyo Electron (OTCMKTS:TOELY) last posted its earnings results on Friday, February 6th. The company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.30). Tokyo Electron had a net margin of 23.40% and a return on equity of 22.98%. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.90 billion. Equities research analysts anticipate that Tokyo Electron Ltd. will post 4.25 earnings per share for the current 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.