Tokyo Electron (OTCMKTS:TOELY) Shares Gap Up – Still a Buy?

Tokyo Electron Ltd. (OTCMKTS:TOELY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $220.33, but opened at $238.00. Tokyo Electron shares last traded at $229.03, with a volume of 102,629 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Tokyo Electron from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 19th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Tokyo Electron Trading Down 2.2%

The firm has a 50-day moving average of $177.59 and a two-hundred day moving average of $143.67. The firm has a market cap of $214.28 billion, a price-to-earnings ratio of 55.43 and a beta of 1.95.

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.