Tokyo Electron Ltd. (OTCMKTS:TOELY) Short Interest Down 48.6% in August

Key Points

• Short interest in Tokyo Electron Ltd. decreased by 48.6% to 34,000 shares in mid-August, compared to 66,100 shares at the end of July.
• The company's earnings report revealed an EPS of $0.86, missing estimates by $0.03, alongside revenue of $3.80 billion against the expected $4.10 billion.
• Zacks Research downgraded Tokyo Electron's stock from a "strong-buy" to a "hold" rating, though the overall average rating remains "buy."

Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report) saw a large drop in short interest during the month of August. As of August 15th, there was short interest totaling 34,000 shares, a drop of 48.6% from the July 31st total of 66,100 shares. Based on an average daily volume of 609,800 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 609,800 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Tokyo Electron from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy".

Tokyo Electron Price Performance

Tokyo Electron stock traded up $0.94 during midday trading on Wednesday, hitting $71.96. 13,997 shares of the stock were exchanged, compared to its average volume of 158,525. The company has a 50 day moving average price of $80.31 and a two-hundred day moving average price of $77.72. Tokyo Electron has a 1 year low of $58.17 and a 1 year high of $97.12. The firm has a market cap of $66.30 billion, a P/E ratio of 18.50 and a beta of 1.80.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.03). The business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $4.10 billion. Tokyo Electron had a net margin of 22.07% and a return on equity of 28.97%. Tokyo Electron has set its FY 2025 guidance at 6.700-6.700 EPS. As a group, analysts predict that Tokyo Electron will post 3.23 EPS for the current year.

About Tokyo Electron

Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, and sells semiconductor and flat panel display (FPD) production equipment in Japan, Europe, North America, Taiwan, China, South Korea, Southeast Asia, and internationally. The company offers coaters/developers, etch systems, surface preparation systems, deposition systems, test systems, wafer bonders/debonders, wafer edge trimming, SiC epitaxial CVD systems, gas cluster ion beam system, and cleaning systems.