Tokyo Electron (OTCMKTS:TOELY) Hits New 1-Year High - Here's What Happened

Key Points

• Tokyo Electron shares reached a new 52-week high of $97.28 during Friday's trading, with 8,839 shares exchanged and a previous close of $95.07.
• Zacks Research downgraded the stock from "hold" to "strong sell," although the average rating remains a "Moderate Buy" with mixed analyst opinions.
• In its latest earnings report, Tokyo Electron missed consensus estimates with an EPS of $0.86 and reported revenue of $3.80 billion, below expectations of $4.10 billion.

Shares of Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $97.28 and last traded at $97.28, with a volume of 8839 shares changing hands. The stock had previously closed at $95.07.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Tokyo Electron from a "hold" rating to a "strong sell" rating in a research note on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

Tokyo Electron Stock Up 2.2%

The company has a market cap of $89.56 billion, a PE ratio of 24.99 and a beta of 1.89. The business's fifty day moving average is $77.64 and its 200-day moving average is $79.00.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last posted its quarterly earnings data 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). Tokyo Electron had a return on equity of 28.97% and a net margin of 22.07%.The business had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $4.10 billion. Tokyo Electron has set its FY 2025 guidance at 6.700-6.700 EPS. Analysts forecast that Tokyo Electron Ltd. will post 3.23 EPS for the current fiscal year.

Tokyo Electron Company Profile

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.

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