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

Shares of Tokyo Electron Ltd. (OTCMKTS:TOELY) gapped up prior to trading on Friday . The stock had previously closed at $125.77, but opened at $135.26. Tokyo Electron shares last traded at $129.58, with a volume of 274,228 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Tokyo Electron from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Tokyo Electron presently has an average rating of “Hold”.

Tokyo Electron Trading Up 1.5%

The firm has a market cap of $121.96 billion, a P/E ratio of 32.81 and a beta of 1.89. The firm’s 50 day moving average is $117.25 and its two-hundred day moving average is $98.75.

Tokyo Electron (OTCMKTS:TOELY) last issued its earnings results on Tuesday, November 11th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. Tokyo Electron had a net margin of 21.74% and a return on equity of 28.36%. Analysts predict that Tokyo Electron Ltd. will post 3.23 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.