Rohm Co. (OTCMKTS:ROHCY – Get Free Report) gapped up prior to trading on Friday. The stock had previously closed at $29.86, but opened at $31.51. Rohm shares last traded at $31.51, with a volume of 435 shares.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Report on ROHCY
Rohm Stock Performance
Rohm (OTCMKTS:ROHCY – Get Free Report) last issued its earnings results on Wednesday, August 5th. The technology company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Rohm had a negative net margin of 29.85% and a positive return on equity of 4.39%. The firm had revenue of $851.76 million during the quarter, compared to analysts’ expectations of $813.37 million. Research analysts expect that Rohm Co. will post 0.81 EPS for the current fiscal year.
Rohm Company Profile
ROHM Co, Ltd. is a Japan-based semiconductor and electronic components manufacturer headquartered in Kyoto. The company develops and produces integrated circuits, discrete semiconductors, power devices, sensors, modules and other components used in automotive, industrial equipment, consumer electronics and communications applications.
ROHM’s product portfolio includes analog and power management ICs, microcontrollers, diodes, transistors, LEDs, resistors and timing devices. The company also supplies silicon carbide and other power semiconductor technologies designed for applications such as electric vehicles, renewable energy systems, industrial machinery and energy-efficient electronics.
Founded in 1958 as Toyo Denki Seizo Co, Ltd., the company adopted the name ROHM Co, Ltd.
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