Tokyo Electron (OTCMKTS:TOELY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Tokyo Electron Ltd. (OTCMKTS:TOELY) saw unusually-strong trading volume on Friday . Approximately 332,098 shares changed hands during mid-day trading, an increase of 50% from the previous session’s volume of 221,400 shares.The stock last traded at $123.00 and had previously closed at $120.84.

Analyst Ratings Changes

Separately, Zacks Research raised Tokyo Electron from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Tokyo Electron currently has a consensus rating of “Strong Buy”.

Tokyo Electron Stock Performance

The firm’s fifty day simple moving average is $106.50 and its 200 day simple moving average is $93.16. The stock has a market capitalization of $117.95 billion, a price-to-earnings ratio of 32.49 and a beta of 1.88.

Tokyo Electron (OTCMKTS:TOELY) last announced its earnings results on Friday, October 31st. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.06 billion. Tokyo Electron had a return on equity of 28.36% and a net margin of 21.74%. Analysts forecast that Tokyo Electron Ltd. will post 3.23 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.