Tokyo Electron (OTCMKTS:TOELY) Sees Strong Trading Volume – Here’s Why

Tokyo Electron Ltd. (OTCMKTS:TOELY) saw an uptick in trading volume on Monday . 204,237 shares traded hands during trading, an increase of 23% from the previous session’s volume of 166,327 shares.The stock last traded at $167.98 and had previously closed at $172.39.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Tokyo Electron from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 15th. One equities research 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 Performance

The stock has a 50 day simple moving average of $133.96 and a two-hundred day simple moving average of $122.45. The firm has a market cap of $159.06 billion, a PE ratio of 40.83 and a beta of 1.95.

Tokyo Electron (OTCMKTS:TOELY) last released its quarterly earnings data on Friday, February 6th. The company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.30). The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.90 billion. Tokyo Electron had a net margin of 23.40% and a return on equity of 22.98%. Equities research analysts forecast that Tokyo Electron Ltd. will post 4.25 earnings per share for the current year.

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.