Tokyo Electron (OTCMKTS:TOELY) Lowered to Hold Rating by Zacks Research

Tokyo Electron (OTCMKTS:TOELY) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Tokyo Electron Stock Performance

OTCMKTS TOELY opened at $133.52 on Thursday. The business’s 50 day moving average price is $109.08 and its 200-day moving average price is $94.88. Tokyo Electron has a fifty-two week low of $58.17 and a fifty-two week high of $138.73. The company has a market cap of $125.95 billion, a P/E ratio of 33.89 and a beta of 1.88.

Tokyo Electron (OTCMKTS:TOELY) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.90 earnings per share (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 during the quarter, compared to the consensus estimate of $4.06 billion. As a group, equities analysts predict that Tokyo Electron will post 3.23 EPS for the current year.

About Tokyo Electron

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.