Tokyo Electron (OTCMKTS:TOELY) Sets New 12-Month High – Still a Buy?

Tokyo Electron Ltd. (OTCMKTS:TOELY) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $249.37 and last traded at $247.59, with a volume of 696188 shares. The stock had previously closed at $228.91.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Tokyo Electron from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 19th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Tokyo Electron currently has an average rating of “Strong Buy”.

Tokyo Electron Stock Down 6.6%

The company has a market capitalization of $212.47 billion, a P/E ratio of 54.96 and a beta of 1.95. The business has a fifty day moving average price of $181.70 and a 200 day moving average price of $145.88.

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.