Tokyo Electron (OTCMKTS:TOELY) Hits New 52-Week High – Here’s What Happened

Shares of Tokyo Electron Ltd. (OTCMKTS:TOELY) reached a new 52-week high on Thursday . The company traded as high as $122.2999 and last traded at $120.84, with a volume of 147015 shares trading hands. The stock had previously closed at $118.80.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Tokyo Electron from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Tokyo Electron Trading Up 1.7%

The company has a market capitalization of $111.34 billion, a PE ratio of 30.67 and a beta of 1.88. The business’s fifty day moving average is $106.28 and its two-hundred day moving average is $92.99.

Tokyo Electron (OTCMKTS:TOELY) last issued its earnings results on Friday, October 31st. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. The business had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.06 billion. Tokyo Electron had a return on equity of 28.36% and a net margin of 21.74%. As a group, equities research analysts anticipate that Tokyo Electron Ltd. 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.