Tokyo Electron (OTCMKTS:TOELY) Hits New 1-Year High – What’s Next?

Shares of Tokyo Electron Ltd. (OTCMKTS:TOELY) hit a new 52-week high during trading on Thursday . The company traded as high as $122.2999 and last traded at $120.84, with a volume of 147015 shares trading hands. The stock had previously closed at $118.80.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Tokyo Electron from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

Tokyo Electron Stock Up 9.1%

The company has a market capitalization of $117.94 billion, a P/E ratio of 32.49 and a beta of 1.88. The firm has a fifty day simple moving average of $106.86 and a 200-day simple moving average of $93.48.

Tokyo Electron (OTCMKTS:TOELY) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. Tokyo Electron had a return on equity of 28.36% and a net margin of 21.74%.The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.06 billion. On average, sell-side analysts predict that Tokyo Electron Ltd. will post 3.23 earnings per share 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.