Tokyo Electron (OTCMKTS:TOELY) Shares Gap Up – What’s Next?

Shares of Tokyo Electron Ltd. (OTCMKTS:TOELY) gapped up before the market opened on Thursday . The stock had previously closed at $220.33, but opened at $238.00. Tokyo Electron shares last traded at $229.03, with a volume of 102,629 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Tokyo Electron from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 19th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Tokyo Electron Trading Up 4.8%

The firm has a market cap of $216.17 billion, a P/E ratio of 55.92 and a beta of 1.95. The business has a 50-day moving average of $173.89 and a two-hundred day moving average of $142.17.

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.