Tokyo Electron (OTCMKTS:TOELY) Announces Quarterly Earnings Results

Tokyo Electron (OTCMKTS:TOELY) released its quarterly earnings data on Thursday. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.09 by $0.04, Zacks reports. Tokyo Electron had a net margin of 23.40% and a return on equity of 22.98%.

Tokyo Electron Stock Performance

Shares of TOELY stock traded up $23.50 on Thursday, reaching $173.50. 707,947 shares of the company were exchanged, compared to its average volume of 245,973. Tokyo Electron has a 1 year low of $66.10 and a 1 year high of $249.37. The business has a 50-day moving average price of $203.85 and a 200 day moving average price of $160.45. The company has a market cap of $162.41 billion, a price-to-earnings ratio of 42.01 and a beta of 1.88.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Tokyo Electron from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 19th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has a consensus rating of “Strong Buy”.

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.