Tokyo Electron Limited (OTCMKTS:TOELY – Get Free Report) saw a significant decline in short interest during the month of 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 volume of 250,700 shares, the days-to-cover ratio is currently 0.2 days.
Wall Street Analyst Weigh In
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 Up 0.7 %
Tokyo Electron (OTCMKTS:TOELY – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter. The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.12 billion. Tokyo Electron had a return on equity of 24.79% and a net margin of 21.32%. Research analysts predict that Tokyo Electron will post 3.23 EPS 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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