Tokyo Electron (OTCMKTS:TOELY) Reaches New 12-Month High - Here's What Happened

Key Points

• Tokyo Electron's share price reached a new **52-week high** of **$105.92**, up from a previous close of **$101.75** with significant trading volume.
• Zacks Research has downgraded Tokyo Electron from a "hold" to a **"strong sell"** rating, contributing to a general consensus rating of **"sell"** among analysts.
• The company's recent quarterly earnings reported an **EPS of $0.86**, missing consensus estimates, alongside revenue of **$3.80 billion**, which fell short of expectations of **$4.10 billion**.

Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report)'s share price hit a new 52-week high on Monday . The stock traded as high as $105.92 and last traded at $105.64, with a volume of 91497 shares traded. The stock had previously closed at $101.75.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Tokyo Electron from a "hold" rating to a "strong sell" rating in a research note on Monday, September 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of "Sell".

Tokyo Electron Trading Up 4.1%

The company has a fifty day moving average of $81.26 and a 200-day moving average of $81.03. The stock has a market cap of $97.61 billion, a PE ratio of 27.23 and a beta of 1.89.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last issued its quarterly 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). 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 for the quarter, compared to analysts' expectations of $4.10 billion. Tokyo Electron has set its FY 2025 guidance at 6.700-6.700 EPS. As a group, research analysts anticipate that Tokyo Electron Ltd. will post 3.23 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.