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

Tokyo Electron (OTCMKTS:TOELY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Tokyo Electron Stock Down 1.2%

TOELY opened at $110.00 on Tuesday. The company’s 50-day moving average price is $94.24 and its 200 day moving average price is $85.90. Tokyo Electron has a fifty-two week low of $58.17 and a fifty-two week high of $114.53. The firm has a market cap of $101.35 billion, a price-to-earnings ratio of 27.92 and a beta of 1.93.

Tokyo Electron (OTCMKTS:TOELY) last posted its earnings results on Friday, October 31st. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.06 billion. Tokyo Electron had a return on equity of 29.10% and a net margin of 21.74%. Research analysts anticipate that Tokyo Electron will post 3.23 earnings per share for the current year.

Tokyo Electron Company Profile

Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, and sells semiconductor and flat panel display (FPD) production equipment in Japan, Europe, North America, Taiwan, China, South Korea, Southeast Asia, and internationally. The company offers coaters/developers, etch systems, surface preparation systems, deposition systems, test systems, wafer bonders/debonders, wafer edge trimming, SiC epitaxial CVD systems, gas cluster ion beam system, and cleaning systems.