Tokyo Electron Limited (OTCMKTS:TOELY – Get Free Report) saw a significant decline in short interest in October. As of October 15th, there was short interest totalling 49,100 shares, a decline of 82.9% from the September 30th total of 286,500 shares. Based on an average daily trading volume, of 250,700 shares, the short-interest ratio is currently 0.2 days.
Analyst Ratings Changes
Separately, Sanford C. Bernstein upgraded Tokyo Electron to a “strong-buy” rating in a research report on Monday, October 7th.
View Our Latest Research Report on Tokyo Electron
Tokyo Electron Stock Performance
Tokyo Electron (OTCMKTS:TOELY – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter. Tokyo Electron had a return on equity of 24.79% and a net margin of 21.32%. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.12 billion. Research analysts anticipate 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.
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