Zacks Research Upgrades Tokyo Electron (OTCMKTS:TOELY) to Strong-Buy

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

Tokyo Electron Price Performance

TOELY stock opened at $111.71 on Monday. Tokyo Electron has a 1 year low of $58.17 and a 1 year high of $114.53. The business’s 50-day moving average is $104.51 and its two-hundred day moving average is $91.69. The firm has a market capitalization of $102.93 billion, a P/E ratio of 28.35 and a beta of 1.90.

Tokyo Electron (OTCMKTS:TOELY) last released its quarterly earnings data on Friday, October 31st. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. The business had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Tokyo Electron had a net margin of 21.74% and a return on equity of 28.36%. On average, analysts expect that Tokyo Electron will post 3.23 EPS for the current year.

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.