Tokyo Electron (OTCMKTS:TOELY) Stock Price Down 7.3% – Should You Sell?

Tokyo Electron Ltd. (OTCMKTS:TOELY) dropped 7.3% during mid-day trading on Wednesday . The stock traded as low as $175.03 and last traded at $175.03. 10,745 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 246,155 shares. The stock had previously closed at $188.85.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Tokyo Electron from a “strong-buy” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Tokyo Electron currently has a consensus rating of “Hold”.

Tokyo Electron Stock Up 2.2%

The company has a market cap of $162.79 billion, a price-to-earnings ratio of 39.80 and a beta of 1.92. The firm has a 50 day moving average price of $205.65 and a two-hundred day moving average price of $165.01.

Tokyo Electron (OTCMKTS:TOELY) last announced its earnings results on Thursday, July 30th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.09 by $0.04. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.67 billion. Tokyo Electron had a return on equity of 24.61% and a net margin of 23.58%. On average, equities analysts expect that Tokyo Electron Ltd. will post 5.18 earnings per share for the current year.

Institutional Investors Weigh In On Tokyo Electron

A hedge fund recently raised its stake in Tokyo Electron stock. Madison Asset Management LLC lifted its position in shares of Tokyo Electron Ltd. (OTCMKTS:TOELY) by 13.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,759 shares of the company’s stock after buying an additional 1,775 shares during the quarter. Madison Asset Management LLC’s holdings in Tokyo Electron were worth $3,587,000 at the end of the most recent reporting period. 1.27% of the stock is currently owned by institutional investors.

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.