Tokyo Electron (OTCMKTS:TOELY) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Tokyo Electron Ltd. experienced a significant increase in trading volume, with approximately 250,772 shares traded, marking a 57% increase from the previous session.
• The stock's last recorded price was $68.23, down from a previous close of $69.33, indicating a fluctuation following increased trading activity.
• In its latest earnings report, Tokyo Electron reported $0.86 EPS, falling short of analyst expectations and posting a revenue of $3.80 billion, which also missed the consensus estimate.

Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 250,772 shares changed hands during trading, an increase of 57% from the previous session's volume of 159,469 shares.The stock last traded at $68.23 and had previously closed at $69.33.

Analysts Set New Price Targets

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

Tokyo Electron Stock Performance

The company has a 50 day moving average of $83.58 and a two-hundred day moving average of $78.56. The stock has a market cap of $62.85 billion, a PE ratio of 17.53 and a beta of 1.73.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.03). Tokyo Electron had a net margin of 22.07% and a return on equity of 28.97%. 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. As a group, equities research analysts anticipate that Tokyo Electron Ltd. 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.