Tokyo Electron (OTCMKTS:TOELY) Issues Earnings Results

Tokyo Electron (OTCMKTS:TOELY) released its quarterly earnings data on Thursday. The company reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.28), Zacks reports. Tokyo Electron had a return on equity of 23.86% and a net margin of 21.07%.

Tokyo Electron Stock Up 7.7%

TOELY stock traded up $10.77 during mid-day trading on Thursday, reaching $150.30. The company had a trading volume of 139,728 shares, compared to its average volume of 169,041. The stock has a market capitalization of $141.77 billion, a P/E ratio of 41.07 and a beta of 1.90. Tokyo Electron has a one year low of $66.10 and a one year high of $152.09. The stock’s 50-day simple moving average is $132.64 and its two-hundred day simple moving average is $120.52.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Tokyo Electron from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

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.