Tokyo Electron (OTCMKTS:TOELY) Shares Gap Up – Time to Buy?

Tokyo Electron Ltd. (OTCMKTS:TOELY) gapped up before the market opened on Monday . The stock had previously closed at $98.50, but opened at $104.95. Tokyo Electron shares last traded at $104.56, with a volume of 2,928 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded Tokyo Electron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Tokyo Electron has an average rating of “Hold”.

Tokyo Electron Price Performance

The firm has a market capitalization of $98.40 billion, a PE ratio of 27.11 and a beta of 1.90. The stock’s 50-day moving average price is $103.73 and its 200 day moving average price is $90.84.

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