Tokyo Electron (OTCMKTS:TOELY) Stock Crosses Above 50 Day Moving Average of $80.75

Tokyo Electron Limited (OTCMKTS:TOELY – Get Rating) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $80.75 and traded as high as $88.12. Tokyo Electron shares last traded at $88.12, with a volume of 45,526 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their target price on shares of Tokyo Electron from 15,000.00 to 40,000.00 and gave the company a “hold” rating in a research note on Friday, October 14th.

Tokyo Electron Price Performance

The company’s 50 day moving average is $80.75 and its two-hundred day moving average is $76.83. The firm has a market cap of $54.90 billion, a P/E ratio of 13.64 and a beta of 1.41.

Tokyo Electron (OTCMKTS:TOELY – Get Rating) last released its earnings results on Thursday, November 10th. The company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.60. Tokyo Electron had a net margin of 22.30% and a return on equity of 37.99%. The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $4.77 billion. Research analysts predict that Tokyo Electron Limited will post 4.8 EPS for the current year.

About Tokyo Electron

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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, SiC epitaxial CVD systems, gas cluster ion beam system, and cleaning systems for use in the semiconductor manufacturing process.