Tokyo Electron (OTCMKTS:TOELY) Shares Gap Up - Still a Buy?

Key Points

• Tokyo Electron's stock price gapped up from a previous close of $87.70 to an opening price of $91.11, with last traded shares at $91.00 and a trading volume of 3,145 shares.
• Zacks Research has downgraded the company from a "hold" to a "strong sell" rating, while other analysts have mixed ratings, resulting in an average of "Moderate Buy" for the stock.
• In its most recent earnings report, Tokyo Electron missed estimates with an EPS of $0.86 and reported revenues of $3.80 billion, below expectations of $4.10 billion.

Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $87.70, but opened at $91.11. Tokyo Electron shares last traded at $91.00, with a volume of 3,145 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Tokyo Electron from a "hold" rating to a "strong sell" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Tokyo Electron presently has an average rating of "Moderate Buy".

Tokyo Electron Stock Performance

The firm has a 50 day moving average of $77.99 and a 200-day moving average of $78.22. The stock has a market capitalization of $84.09 billion, a PE ratio of 23.46 and a beta of 1.80.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.03). The business had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $4.10 billion. Tokyo Electron had a return on equity of 28.97% and a net margin of 22.07%. Tokyo Electron has set its FY 2025 guidance at 6.700-6.700 EPS. On average, sell-side analysts predict that Tokyo Electron Ltd. will post 3.23 earnings per share 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.

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