TOKYO ELECTRON/ADR (OTCMKTS:TOELY) hit a new 52-week high on Wednesday . The company traded as high as $45.14 and last traded at $45.10, with a volume of 8626 shares. The stock had previously closed at $44.17.
Separately, Zacks Investment Research raised shares of TOKYO ELECTRON/ADR from a “hold” rating to a “strong-buy” rating and set a $49.00 target price for the company in a research note on Friday, August 2nd.
The stock has a market capitalization of $28.97 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 1.31 and a beta of 1.51. The stock’s 50 day moving average is $41.09 and its two-hundred day moving average is $37.34.
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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