Tokyo Electron (OTCMKTS:TOELY) Stock Crosses Above Fifty Day Moving Average of $67.98

Shares of Tokyo Electron Limited (OTCMKTS:TOELYGet Rating) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $67.98 and traded as high as $71.07. Tokyo Electron shares last traded at $69.45, with a volume of 71,751 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lifted their target price on Tokyo Electron from 15,000.00 to 40,000.00 and gave the stock a “hold” rating in a research report on Friday, October 14th.

Tokyo Electron Stock Down 2.2 %

The firm has a market capitalization of $43.27 billion, a price-to-earnings ratio of 11.91 and a beta of 1.33. The business has a 50-day moving average of $67.98 and a two-hundred day moving average of $84.79.

Tokyo Electron (OTCMKTS:TOELYGet Rating) last announced its quarterly earnings results on Monday, August 8th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.66). The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $5.03 billion. Tokyo Electron had a return on equity of 34.40% and a net margin of 21.03%. Equities analysts predict that Tokyo Electron Limited will post 6.19 EPS for the current fiscal year.

Tokyo Electron Company Profile

(Get Rating)

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, SiC epitaxial CVD systems, gas cluster ion beam system, and cleaning systems for use in the semiconductor manufacturing process.

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