Tokyo Electron (OTCMKTS:TOELY) Posts Earnings Results, Beats Expectations By $0.04 EPS

Tokyo Electron (OTCMKTS:TOELY) issued its quarterly earnings data on Thursday. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.04, Zacks reports. Tokyo Electron had a return on equity of 22.98% and a net margin of 23.40%.

Tokyo Electron Trading Up 11.2%

Shares of OTCMKTS:TOELY traded up $16.79 during trading on Thursday, reaching $166.79. The company had a trading volume of 306,998 shares, compared to its average volume of 245,264. The company has a fifty day moving average of $203.85 and a two-hundred day moving average of $160.45. The stock has a market capitalization of $156.13 billion, a P/E ratio of 40.38 and a beta of 1.88. Tokyo Electron has a 12 month low of $66.10 and a 12 month high of $249.37.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded 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, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

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.