TOKYO ELECTRON/ADR (OTCMKTS:TOELY)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $61.97 and last traded at $61.36, with a volume of 40670 shares trading hands. The stock had previously closed at $60.72.
Separately, Zacks Investment Research raised shares of TOKYO ELECTRON/ADR from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Wednesday, June 10th.
The company has a market cap of $38.18 billion, a P/E ratio of 18.23 and a beta of 1.21. The stock’s 50-day moving average price is $54.28 and its 200 day moving average price is $52.97.
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.
Featured Article: How are Outstanding Shares Different from Authorized Shares?
Receive News & Ratings for TOKYO ELECTRON/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TOKYO ELECTRON/ADR and related companies with MarketBeat.com's FREE daily email newsletter.