Tokyo Electron Ltd. (OTCMKTS:TOELY – Get Free Report)’s share price fell 9.4% on Wednesday . The stock traded as low as $150.24 and last traded at $150.24. 77,647 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 244,191 shares. The stock had previously closed at $165.90.
Analyst Upgrades and Downgrades
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 investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Tokyo Electron currently has a consensus rating of “Strong Buy”.
Read Our Latest Stock Report on Tokyo Electron
Tokyo Electron Stock Up 15.7%
Tokyo Electron (OTCMKTS:TOELY – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.04. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.67 billion. Tokyo Electron had a return on equity of 22.98% and a net margin of 23.40%. Equities analysts anticipate that Tokyo Electron Ltd. will post 5.18 earnings per share for the current year.
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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