|Bid||15,705.00 x 0|
|Ask||15,745.00 x 0|
|Day's Range||15,660.00 - 16,210.00|
|52 Week Range||11,595.00 - 21,745.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||14.48|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||18,721.10|
Toshiki Kawai, CEO of Tokyo Electron, says that unlike in the past, the new phase of semiconductor growth will not be determined by the number of smartphones sold.
Japan's Nikkei rose on Friday morning as Wall Street gains raised risk appetite and lifted cyclical stocks, while Nintendo jumped after Tencent won approval to sell its Switch console in China. The U.S. market rose supported by robust economic data, while industrial stocks rallied after China's commerce ministry spokesman said there had been new progress in U.S.-China trade talks. "The mood has recovered as the market has been able to confirm that a slowdown in the Chinese economy has hit the bottom and the U.S. and China are making progress in their trade talks as those were the market's main concerns," said Takashi Ito, an equity market strategist at Nomura Securities.
Japan's Nikkei slid to a one-week low on Thursday morning with chip-related stocks leading the decline in step with U.S. counterparts, while Mizuho Financial Group underperformed after it sharply cut its annual profit outlook. "Profit-taking makes sense now as ongoing U.S.-China trade talks, major concerns for the market, have provided no signs of exit plan while the market had risen smoothly for the past two months," said Hikaru Sato, a senior technical analyst at Daiwa Securities. Chip equipment makers Advantest Corp dropped 2.7 percent, Tokyo Electron plunged 3.6 percent and silicon products maker Sumco Corp dived 7.3 percent on further doubts the industry's downturn is near a bottom.
The pace of slowing demand from customers, which include all of the world’s major chipmakers, is moderating as they work through inventories, a process that could continue through the second half of 2019 and into the start of next year, Chief Executive Officer Toshiki Kawai said in an interview. The market for wafer processing equipment may shrink by about 15 to 20 percent this year, in part due to the trade war between the world’s two largest economies, Kawai said. In October, Tokyo Electron slashed its full-year operating income target by 16 percent and cut revenue outlook 8.6 percent.
Japan's Nikkei closed at more than a five-week low on Thursday as chip-related stocks were hit after Canada arrested a top executive of Chinese tech giant Huawei at the request of the United States, threatening a new spike in Sino-U.S. tensions. Losses intensified later in the session as index heavyweight SoftBank Group Corp tumbled, hit by the news about Huawei and a partial disruption to its mobile phone service.
Japan's Nikkei skidded to a two-week low on Thursday as chip-related stocks were hit after Canada arrested a top executive of Chinese tech giant Huawei at the request of the United States, threatening ...
Japan's Nikkei skidded to a two-week low on Thursday, as chip-related stocks were hit after Canada arrested a senior executive of tech giant Huawei in Vancouver at the request of the United States. Canada's Department of Justice said on Wednesday Huawei's global chief financial officer Meng Wanzhou is now facing extradition to the United States.
Japan's Nikkei share average rebounded on Monday morning after investors covered their short positions on chip-related stocks, offsetting a drop in financials which were hurt by lower U.S. yields. Last week, the benchmark index slipped 2.6 percent, hit by a drop in oil prices and tech shares. Tokyo Electron rose 2.9 percent, Advantest Corp added 2.4 percent and Screen Holdings surged 4.1 percent.
SoftBank’s results last week included a big boost from the rally in its Nvidia stake.In Japan, declines were broad-based across the sector with equipment makers Tokyo Electron Ltd., Advantest Corp. and silicon wafer manufacturer Sumco Corp. bearing the brunt of the losses. “In the short term, weaker demand, weaker end-demand is beginning to materialize,” Amir Anvarzadeh, a senior strategist at Asymmetric Advisors in Singapore, said by phone. Both Nvidia and Applied Materials released weak forecasts.
Tokyo Electron's Toshiki Kawai told CNBC that new technologies such as the so-called Internet of Things, big data and artificial intelligence will drive growth and demand in the semiconductor space.
Japan's Nikkei share average rose for the seventh straight session on Wednesday as technology shares advanced along with their Wall Street counterparts. The Nikkei ended the day up 0.15 percent at 22,848.22 ...
Japanese shares edged higher on Wednesday, tracking gains on Wall Street, although profit-taking and lingering trade concerns limited the market's gains. Sources told Reuters on Tuesday that the proposed U.S.-Mexico deal would allow Washington to impose punitive tariffs of up to 25 percent on imports of Mexican-made vehicles above certain volumes.
Japan's Nikkei on Tuesday rebounded from a five-week low, posting its biggest one-day gain since March as export-driven firms benefited from a pause in the safe-haven yen's strengthening while the battered ...
July 10 (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd: * SAYS IT ORDERS EQUIPMENT FOR T$2.8 BILLION ($92.18 million) Source text for Eikon: Further company coverage: ($1 = 30.3770 Taiwan dollars) ...
Zacks Investment Ideas feature highlights: Micron Technology, Nvidia, Tokyo Electron, CREE and Vishay Intertechnology
Japan's Nikkei share average rose on Friday after the European Central Bank announced it would avoid raising rates until mid-2019, but chip-related stocks tumbled as a brokerage slashed the target price ...
Japan's Nikkei share average rose on Friday morning after the European Central Bank announced it would avoid raising rates until mid-2019, but chip-related stocks tumbled after a brokerage slashed the target price of Tokyo Electron. As widely expected, the BOJ kept its short-term interest rate target at minus 0.1 percent and a pledge to guide 10-year government bond yields around zero percent. The Nikkei gained 0.4 percent to 22,827.77 at the break.
Shareholders of Tokyo Broadcasting System Holdings (TBS) will vote next month on a proposal from a London-based investor to sell down the company's crossholdings and return the resulting proceeds to investors. Asset Value Investors, which has a 1.7 percent stake in TBS, has proposed the broadcaster sell 40 percent of its holdings in Tokyo Electron Ltd. But TBS has opposed this, saying it sees no risks given the low book value of the shares of the semiconductor manufacturing equipment maker. The vote on the proposal is on the agenda for TBS' annual shareholders meeting in June, according to the company's notice of convocation and a representative of Asset Value Investors.