Zacks Research Upgrades Tokyo Electron (OTCMKTS:TOELY) to Strong-Buy

Tokyo Electron (OTCMKTS:TOELY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Tokyo Electron Stock Performance

Shares of Tokyo Electron stock opened at $111.71 on Monday. The stock has a 50 day moving average price of $104.51 and a 200-day moving average price of $91.69. Tokyo Electron has a one year low of $58.17 and a one year high of $114.53. The stock has a market cap of $102.93 billion, a price-to-earnings ratio of 28.35 and a beta of 1.90.

Tokyo Electron (OTCMKTS:TOELY) last released its earnings results on Friday, October 31st. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. Tokyo Electron had a net margin of 21.74% and a return on equity of 28.36%. The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.06 billion. Sell-side analysts predict that Tokyo Electron will post 3.23 earnings per share for the current fiscal 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.