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

Zacks Research cut shares of Tokyo Electron (OTCMKTS:TOELY) from a strong-buy rating to a hold rating in a research report released on Thursday morning,Zacks.com reports.

Tokyo Electron Trading Down 2.5%

Shares of TOELY stock opened at $133.52 on Thursday. Tokyo Electron has a twelve month low of $58.17 and a twelve month high of $138.73. The company has a market capitalization of $125.94 billion, a PE ratio of 33.89 and a beta of 1.88. The firm has a fifty day simple moving average of $109.08 and a 200-day simple moving average of $94.89.

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