Tokyo Electron (OTCMKTS:TOELY) Shares Gap Down – What’s Next?

Tokyo Electron Ltd. (OTCMKTS:TOELY) gapped down prior to trading on Tuesday . The stock had previously closed at $175.33, but opened at $166.42. Tokyo Electron shares last traded at $166.32, with a volume of 3,554 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Tokyo Electron from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Tokyo Electron Trading Down 4.3%

The firm’s 50-day moving average price is $195.98 and its 200 day moving average price is $167.59. The company has a market capitalization of $157.06 billion, a price-to-earnings ratio of 38.40 and a beta of 1.92.

Tokyo Electron (OTCMKTS:TOELY) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.04. Tokyo Electron had a net margin of 23.58% and a return on equity of 24.38%. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.67 billion. As a group, equities research analysts anticipate that Tokyo Electron Ltd. will post 5.18 earnings per share for the current fiscal year.

Institutional Trading of Tokyo Electron

An institutional investor recently bought a new position in Tokyo Electron stock. J.Safra Asset Management Corp bought a new stake in Tokyo Electron Ltd. (OTCMKTS:TOELY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 516 shares of the company’s stock, valued at approximately $259,000. Institutional investors own 1.27% of the company’s stock.

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.