Tokyo Electron (OTCMKTS:TOELY) Shares Gap Down – Should You Sell?

Tokyo Electron Ltd. (OTCMKTS:TOELY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $188.85, but opened at $173.83. Tokyo Electron shares last traded at $172.69, with a volume of 13,279 shares traded.

Analyst Ratings Changes

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

Tokyo Electron Price Performance

The firm’s fifty day moving average is $206.04 and its 200 day moving average is $164.80. The firm has a market capitalization of $158.78 billion, a price-to-earnings ratio of 38.82 and a beta of 1.92.

Tokyo Electron (OTCMKTS:TOELY) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.04. Tokyo Electron had a net margin of 23.58% and a return on equity of 24.61%. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.67 billion. Equities research analysts forecast that Tokyo Electron Ltd. will post 5.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Tokyo Electron

An institutional investor recently bought a new stake in Tokyo Electron stock. J.Safra Asset Management Corp acquired a new stake in shares of Tokyo Electron Ltd. (OTCMKTS:TOELY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 516 shares of the company’s stock, valued at approximately $259,000. 1.27% of the stock is currently owned by institutional investors.

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.