Tokyo Electron (OTCMKTS:TOELY) Issues Earnings Results

Tokyo Electron (OTCMKTS:TOELY) posted its earnings results on Thursday. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.04, Zacks reports. Tokyo Electron had a net margin of 23.40% and a return on equity of 22.98%.

Tokyo Electron Trading Up 11.2%

Shares of TOELY stock traded up $16.79 during trading hours on Thursday, reaching $166.79. The stock had a trading volume of 306,998 shares, compared to its average volume of 245,264. The stock’s fifty day simple moving average is $203.85 and its 200 day simple moving average is $160.45. The firm has a market capitalization of $156.13 billion, a PE ratio of 40.38 and a beta of 1.88. Tokyo Electron has a 12 month low of $66.10 and a 12 month high of $249.37.

Analyst Upgrades and Downgrades

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

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.