Tokyo Electron (OTCMKTS:TOELY) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Tokyo Electron (OTCMKTS:TOELY) from a hold rating to a strong sell rating in a research note released on Monday morning,Zacks.com reports.

Tokyo Electron Trading Down 3.2%

Shares of Tokyo Electron stock opened at $87.70 on Monday. The business’s 50-day moving average price is $77.99 and its 200-day moving average price is $78.22. The firm has a market capitalization of $80.80 billion, a PE ratio of 22.55 and a beta of 1.80. Tokyo Electron has a 12 month low of $58.17 and a 12 month high of $97.12.

Tokyo Electron (OTCMKTS:TOELY) last issued its earnings results on Thursday, July 31st. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.03). The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $4.10 billion. Tokyo Electron had a return on equity of 28.97% and a net margin of 22.07%. Tokyo Electron has set its FY 2025 guidance at 6.700-6.700 EPS. As a group, analysts predict that Tokyo Electron will post 3.23 earnings per share 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.