Tokyo Electron (OTCMKTS:TOELY) Upgraded at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Tokyo Electron (OTCMKTS:TOELY) to a strong-buy rating in a report released on Monday morning, Zacks.com reports.

Tokyo Electron Trading Down 2.0 %

Shares of OTCMKTS TOELY opened at $85.93 on Monday. The company has a 50-day moving average of $87.59 and a two-hundred day moving average of $104.38. Tokyo Electron has a 1-year low of $64.30 and a 1-year high of $134.91. The company has a market cap of $79.57 billion, a PE ratio of 32.06 and a beta of 1.50.

Tokyo Electron (OTCMKTS:TOELY) last released its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter. Tokyo Electron had a return on equity of 24.79% and a net margin of 21.32%. The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.12 billion. As a group, equities research 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.