Tokyo Electron (OTCMKTS:TOELY) Stock Price Up 15.3% After Earnings Beat

Tokyo Electron Ltd. (OTCMKTS:TOELY)’s stock price was up 15.3% during trading on Thursday following a stronger than expected earnings report. The company traded as high as $173.88 and last traded at $173.00. Approximately 46,952 shares traded hands during trading, a decline of 81% from the average daily volume of 243,847 shares. The stock had previously closed at $150.00.

The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.04. Tokyo Electron had a return on equity of 22.98% and a net margin of 23.40%.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Tokyo Electron from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 19th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Tokyo Electron Trading Up 16.0%

The stock has a market capitalization of $162.92 billion, a PE ratio of 42.14 and a beta of 1.88. The business’s 50 day moving average is $203.85 and its 200 day moving average is $160.45.

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.