Tokyo Electron (OTCMKTS:TOELY) Rating Lowered to Hold at Zacks Research

Tokyo Electron (OTCMKTS:TOELY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Tokyo Electron Price Performance

TOELY stock opened at $133.52 on Thursday. Tokyo Electron has a one year low of $58.17 and a one year high of $138.73. The stock has a market cap of $125.95 billion, a price-to-earnings ratio of 33.89 and a beta of 1.88. The company has a fifty day moving average price of $109.08 and a two-hundred day moving average price of $94.88.

Tokyo Electron (OTCMKTS:TOELY) last posted its earnings results on Friday, October 31st. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The company had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Tokyo Electron had a net margin of 21.74% and a return on equity of 28.36%. Research analysts anticipate that Tokyo Electron 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.