Tokyo Electron (OTCMKTS:TOELY) Stock Rating Upgraded by Sanford C. Bernstein

Tokyo Electron (OTCMKTS:TOELY) was upgraded by equities researchers at Sanford C. Bernstein to a “strong-buy” rating in a research note issued to investors on Monday, Zacks.com reports.

Tokyo Electron Trading Up 1.0 %

Shares of TOELY stock opened at $87.25 on Monday. The business’s fifty day simple moving average is $88.02 and its 200-day simple moving average is $104.80. The company has a market cap of $80.79 billion, a PE ratio of 32.56 and a beta of 1.50. Tokyo Electron has a 12-month low of $63.84 and a 12-month high of $134.91.

Tokyo Electron (OTCMKTS:TOELY) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.12 billion. Tokyo Electron had a return on equity of 24.79% and a net margin of 21.32%. On average, equities analysts forecast that Tokyo Electron 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.