Tokyo Electron (OTCMKTS:TOELY) Shares Gap Up - Time to Buy?

Key Points

• Tokyo Electron's stock price surged at market open, jumping from $81.80 to an opening of $87.00, before trading at $89.29 later in the day.
• Zacks Research downgraded the company's rating from "strong-buy" to "hold", though the overall consensus rating remains a "Buy" from analysts.
• In its last earnings report, Tokyo Electron missed EPS estimates by $0.03, reporting $0.86 EPS against a consensus of $0.89, with revenues also falling short at $3.80 billion.

Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $81.80, but opened at $87.00. Tokyo Electron shares last traded at $89.29, with a volume of 44,549 shares.

Analyst Ratings Changes

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

Tokyo Electron Price Performance

The firm has a market capitalization of $82.82 billion, a P/E ratio of 23.11 and a beta of 1.80. The stock has a fifty day simple moving average of $78.28 and a two-hundred day simple moving average of $77.68.

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

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