Tokyo Electron (OTCMKTS:TOELY) Shares Gap Up – What’s Next?

Tokyo Electron Ltd. (OTCMKTS:TOELY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $125.77, but opened at $135.26. Tokyo Electron shares last traded at $129.58, with a volume of 274,228 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Tokyo Electron from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 15th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Tokyo Electron Stock Up 1.3%

The stock has a market cap of $121.68 billion, a price-to-earnings ratio of 35.25 and a beta of 1.89. The company’s 50-day simple moving average is $117.78 and its 200-day simple moving average is $99.04.

Tokyo Electron (OTCMKTS:TOELY) last announced its quarterly earnings data on Tuesday, November 11th. The company reported $0.90 EPS 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%. As a group, analysts expect that Tokyo Electron Ltd. will post 3.23 EPS for the current fiscal year.

About Tokyo Electron

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.