Tokyo Electron (OTCMKTS:TOELY) Sets New 1-Year High – What’s Next?

Tokyo Electron Ltd. (OTCMKTS:TOELY)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $166.64 and last traded at $166.25, with a volume of 99666 shares traded. The stock had previously closed at $159.5050.

Analysts Set New Price Targets

Separately, Zacks Research cut Tokyo Electron from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Tokyo Electron Stock Performance

The company has a 50-day moving average of $133.96 and a 200-day moving average of $122.45. The firm has a market capitalization of $162.61 billion, a price-to-earnings ratio of 41.74 and a beta of 1.95.

Tokyo Electron (OTCMKTS:TOELY) last issued its quarterly earnings data on Friday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.30). Tokyo Electron had a net margin of 23.40% and a return on equity of 22.98%. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.90 billion. As a group, analysts anticipate that Tokyo Electron Ltd. will post 4.25 EPS for the current fiscal 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.