Tokyo Electron (OTCMKTS:TOELY) Upgraded at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Tokyo Electron (OTCMKTS:TOELY) to a strong-buy rating in a report issued on Monday, Zacks.com reports.

Tokyo Electron Stock Performance

OTCMKTS:TOELY opened at $85.93 on Monday. The stock has a 50-day simple moving average of $87.59 and a 200 day simple moving average of $104.38. Tokyo Electron has a one year low of $64.30 and a one year high of $134.91. The company has a market capitalization of $79.57 billion, a price-to-earnings ratio of 32.06 and a beta of 1.50.

Tokyo Electron (OTCMKTS:TOELY) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter. The business had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Tokyo Electron had a return on equity of 24.79% and a net margin of 21.32%. On average, equities research analysts forecast that Tokyo Electron will post 3.23 EPS for the current fiscal year.

Tokyo Electron Company Profile

Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, and sells semiconductor and flat panel display (FPD) production equipment in Japan, Europe, North America, Taiwan, China, South Korea, Southeast Asia, and internationally. The company offers coaters/developers, etch systems, surface preparation systems, deposition systems, test systems, wafer bonders/debonders, wafer edge trimming, SiC epitaxial CVD systems, gas cluster ion beam system, and cleaning systems.