Tokyo Electron (OTCMKTS:TOELY) Hits New 12-Month High – Should You Buy?

Tokyo Electron Ltd. (OTCMKTS:TOELY) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $122.2999 and last traded at $120.84, with a volume of 147015 shares trading hands. The stock had previously closed at $118.80.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Tokyo Electron from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Tokyo Electron Stock Performance

The stock’s 50-day moving average price is $106.28 and its two-hundred day moving average price is $92.99. The stock has a market capitalization of $111.34 billion, a PE ratio of 30.67 and a beta of 1.88.

Tokyo Electron (OTCMKTS:TOELY) last issued its quarterly 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. Tokyo Electron had a net margin of 21.74% and a return on equity of 28.36%. The company had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.06 billion. On average, analysts predict that Tokyo Electron Ltd. will post 3.23 earnings per share for the current fiscal 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.