Tokyo Electron (OTCMKTS:TOELY) Shares Gap Up - Here's Why

Key Points

• Shares of Tokyo Electron (OTCMKTS:TOELY) gapped up from a previous close of $93.81 to $99.80 at opening, with the latest trading price at $99.02.
• Zacks Research downgraded the company's stock from a "hold" to a "strong sell" rating, contributing to an overall average "Sell" rating on the stock.
• Tokyo Electron reported earnings of $0.86 per share, missing the consensus estimate of $0.89, with quarterly revenue of $3.80 billion against an expected $4.10 billion.

Shares of Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $93.81, but opened at $99.80. Tokyo Electron shares last traded at $99.02, with a volume of 5,659 shares traded.

Wall Street Analyst Weigh In

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

Tokyo Electron Price Performance

The firm has a market cap of $89.14 billion, a PE ratio of 24.87 and a beta of 1.89. The company has a 50 day moving average price of $79.60 and a 200 day moving average price of $80.28.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last released its 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 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. On average, equities analysts anticipate that Tokyo Electron Ltd. will post 3.23 earnings per share 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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