Tokyo Electron Ltd. (OTCMKTS:TOELY) Sees Large Growth in Short Interest

Key Points

• Short interest in Tokyo Electron Ltd. increased by 39.4% in August, reaching a total of 47,400 shares, indicating growing bearish sentiment among investors.
• Zacks Research has downgraded the company's rating from "strong-buy" to "hold," while MarketBeat reports a consensus rating of "Buy" among analysts.
• Tokyo Electron's latest quarterly report showed earnings per share of $0.86, which was below analysts' expectations, and a revenue of $3.80 billion, missing projected figures.

Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 47,400 shares, a growth of 39.4% from the August 15th total of 34,000 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 417,400 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 417,400 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company's stock are sold short.

Tokyo Electron Stock Down 3.1%

Shares of Tokyo Electron stock traded down $2.80 during trading on Friday, hitting $86.35. 127,440 shares of the company were exchanged, compared to its average volume of 159,188. Tokyo Electron has a fifty-two week low of $58.17 and a fifty-two week high of $97.12. The firm has a 50 day moving average price of $78.13 and a 200 day moving average price of $77.88. The stock has a market capitalization of $79.56 billion, a price-to-earnings ratio of 22.20 and a beta of 1.80.

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

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Tokyo Electron from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy".

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.