Tokyo Electron Ltd. (OTCMKTS:TOELY – Get Free Report) gapped up before the market opened on Friday following a stronger than expected earnings report. The stock had previously closed at $150.00, but opened at $176.97. Tokyo Electron shares last traded at $173.94, with a volume of 288,113 shares traded.
The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.09 by $0.04. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.67 billion. Tokyo Electron had a return on equity of 22.98% and a net margin of 23.40%.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded shares of Tokyo Electron from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 19th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.
Tokyo Electron Price Performance
The firm has a market capitalization of $158.91 billion, a P/E ratio of 41.10 and a beta of 1.88. The stock has a fifty day simple moving average of $204.21 and a two-hundred day simple moving average of $160.77.
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.
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