Tokyo Electron (OTCMKTS:TOELY) Shares Gap Down - Here's What Happened

Key Points

• Tokyo Electron Ltd. shares gapped down from $71.12 to $69.10 before the market opened, with a trading volume of 2,660 shares.
• Zacks Research downgraded Tokyo Electron from a "strong-buy" to a "hold" rating, while the stock has an average rating of "buy" from analysts.
• The company reported quarterly earnings of $0.86 per share, missing expectations and setting FY 2025 guidance at 6.700 EPS, with revenue of $3.80 billion compared to the estimated $4.10 billion.

Shares of Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $71.12, but opened at $69.10. Tokyo Electron shares last traded at $69.10, with a volume of 2,660 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Tokyo Electron from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy".

Tokyo Electron Price Performance

The company has a market capitalization of $63.41 billion, a P/E ratio of 17.69 and a beta of 1.73. The company has a 50 day moving average of $83.58 and a 200-day moving average of $78.56.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last released 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 company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $4.10 billion. Tokyo Electron has set its FY 2025 guidance at 6.700-6.700 EPS. Research analysts predict that Tokyo Electron Ltd. will post 3.23 EPS for the current fiscal 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.

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