TOKYO ELECTRON/ADR (OTCMKTS:TOELY) – Research analysts at Jefferies Financial Group reduced their FY2020 earnings per share estimates for TOKYO ELECTRON/ADR in a report released on Tuesday, January 15th, Zacks Investment Research reports. Jefferies Financial Group analyst M. Nakanomyo now anticipates that the company will post earnings of $2.52 per share for the year, down from their prior forecast of $3.36. Jefferies Financial Group also issued estimates for TOKYO ELECTRON/ADR’s FY2021 earnings at $2.84 EPS.
Separately, Zacks Investment Research raised TOKYO ELECTRON/ADR from a “sell” rating to a “hold” rating in a report on Thursday, December 6th.
Shares of TOELY stock traded down $1.40 on Friday, hitting $34.11. The stock had a trading volume of 10,462 shares, compared to its average volume of 42,950. The company has a market capitalization of $22.54 billion, a PE ratio of 11.84, a P/E/G ratio of 0.68 and a beta of 1.59. TOKYO ELECTRON/ADR has a 1 year low of $27.04 and a 1 year high of $53.50.
About TOKYO ELECTRON/ADR
Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, distributes, and sells semiconductor and flat panel display (FPD) production equipment in Japan, North America, Europe, South Korea, Taiwan, China, and internationally. The company's Semiconductor Production Equipment segment offers coaters/developers, plasma etch systems, and single wafer deposition systems and cleaning systems used in wafer processing; wafer probers used in wafer testing process; and electrochemical deposition systems and wafer bonders/debonders used in packaging processes.
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