TOELY - Tokyo Electron Limited

Other OTC - Other OTC Delayed Price. Currency in USD
45.05
-0.10 (-0.22%)
At close: 3:59PM EDT
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Previous Close45.15
Open43.83
Bid0.00 x 0
Ask0.00 x 0
Day's Range43.83 - 45.25
52 Week Range32.40 - 59.30
Volume58,630
Avg. Volume91,217
Market Cap28.167B
Beta (5Y Monthly)1.17
PE Ratio (TTM)13.13
EPS (TTM)3.43
Earnings DateN/A
Forward Dividend & Yield1.13 (2.50%)
Ex-Dividend DateSep 25, 2019
1y Target EstN/A
  • Dark Days Set In for Nikkei 225 as Fast Retailing, SoftBank Drop
    Bloomberg

    Dark Days Set In for Nikkei 225 as Fast Retailing, SoftBank Drop

    (Bloomberg) -- Blue chips once coveted for their high growth potential are bearing the brunt of the rout in Japan’s stock market due to the impact of the coronavirus.Fast Retailing Co., SoftBank Group Corp. and Tokyo Electron Ltd. have each fallen at least 30% since the outbreak started crushing markets earlier this year. The large caps have dragged down the Nikkei 225 Stock Average due to their high weightings in the blue chip gauge. The NT ratio, which measures the Nikkei 225’s performance relative to the benchmark Topix index, fell to 12.9 times Thursday, its lowest level since August 2018.“A lot of money went into these stocks despite being expensive because people thought their valuations would hold, given their high growth potential,” said Norihiro Fujito, the chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities Co. in Tokyo. “That’s being reversed all of a sudden.”Fast Retailing accounts for the largest proportion of the price-weighted Nikkei 225, with a weight of about 8.7%. Tokyo Electron has a weighting of 3.6% and SoftBank Group 3.5%.News flow hasn’t been kind to growth-oriented trio. Fast Retailing said on Monday it will temporarily close all 50 of its Uniqlo stores in the U.S. due to the coronavirus outbreak, while S&P Global Ratings cut its credit rating outlook on SoftBank to negative on Tuesday, citing the broad market declines. Tokyo Electron, which manufacturers chip-making equipment, has been hit by concerns over semiconductor demand and supply chains.The Nikkei 225’s underperformance of the Topix is being exacerbated by the Bank of Japan’s move on Monday to increase its purchases of ETFs in an effort to bolster the market. The central bank in 2016 began to shift to more buying of funds linked to the broader measure and away from the blue-chip gauge. The Nikkei 225 lost 5% in this holiday-shortened week while the Topix gained 1.7%.Read more: BOJ’s $112 Billion ETF Target Boosts Topix Index Over Nikkei 225“When foreigners sell Japanese equities, the selling is concentrated in Nikkei 225 futures, which have much higher liquidity,” said Keiichi Ito, chief quants analyst at SMBC Nikko Securities Inc. in Tokyo. “It’s easy for stocks with a big gap in their weightings in Topix versus the Nikkei 225, with high weighting on the latter, to be impacted.”Foreigners were net sellers of nearly 3 trillion yen ($27.4 billion) worth of Japanese stock futures over the five weeks ended March 13, versus outflow of about 1.3 trillion yen in the cash market.MUFJ-MS’s Fujito cites Toyota Motor Corp., Sony Corp., Nintendo Corp., Hoya Corp. and Keyence Corp. among large-cap stocks with little or no weighting on the Nikkei 225 as those that are likely to outperform under current circumstances.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Synaptics (SYNA) Soars to 52-Week High, Time to Cash Out?
    Zacks

    Synaptics (SYNA) Soars to 52-Week High, Time to Cash Out?

    Synaptics (SYNA) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

  • Amkor Technology (AMKR) Hits Fresh High: Is There Still Room to Run?
    Zacks

    Amkor Technology (AMKR) Hits Fresh High: Is There Still Room to Run?

    Amkor Technology (AMKR) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

  • 3 Semiconductor Stocks to Buy in the Fourth Quarter of 2019
    Zacks

    3 Semiconductor Stocks to Buy in the Fourth Quarter of 2019

    All three major U.S. indexes jumped Thursday on the back of some positive U.S.-China trade war news. Even if a deal isn't reached anytime soon the semiconductor industry seems sure to be a solid long-term play...

  • Cutting Rates 50 bps. Smart, Dumb, Not Enough?
    Zacks

    Cutting Rates 50 bps. Smart, Dumb, Not Enough?

    Cutting Rates 50 bps. Smart, Dumb, Not Enough?

  • The Zacks Analyst Blog Highlights: Amgen, Tokyo Electron and Kinross Gold
    Zacks

    The Zacks Analyst Blog Highlights: Amgen, Tokyo Electron and Kinross Gold

    The Zacks Analyst Blog Highlights: Amgen, Tokyo Electron and Kinross Gold

  • Zumiez, Vista Outdoor, Nvidia, Intel and Tokyo Electron highlighted as Zacks Bull and Bear of the Day
    Zacks

    Zumiez, Vista Outdoor, Nvidia, Intel and Tokyo Electron highlighted as Zacks Bull and Bear of the Day

    Zumiez, Vista Outdoor, Nvidia, Intel and Tokyo Electron highlighted as Zacks Bull and Bear of the Day

  • Why Cree Could Be Positioned for a Slump
    Zacks

    Why Cree Could Be Positioned for a Slump

    Cree has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.

  • 3 Dividend-Paying Semiconductor Stocks to Buy in September
    Zacks

    3 Dividend-Paying Semiconductor Stocks to Buy in September

    Let's take a look at three semiconductor stocks that pay a dividend that investors might want to consider buying right now...

  • Reuters

    Japanese shares dip; investors wary ahead of earnings, c.bank decisions

    Japanese stocks fell on Monday on profit-taking in otherwise subdued trading, as investors showed caution ahead of corporate earnings reports and policy decisions from the Bank of Japan and U.S. Federal Reserve later this week. Murata Manufacturing shed 2.0%, TDK Corp slipped 1.7% and Taiyo Yuden Co dipped 2.0%. Keyence Corp slumped 4.4% after the factory automation products maker's operating profit for the April-June quarter fell by 15% from a year earlier.

  • Reuters

    Nikkei drops after Fed rate comments; chip-related shares buck weakness

    Japan's Nikkei fell on Wednesday after the U.S. Federal Reserve chairman pushed back on pressure from President Donald Trump to cut interest rates, but chip-related stocks gained. Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is "insulated from short-term political pressures," as policymakers faced new calls by Trump to cut interest rates.

  • Exclusive: Top Japanese chip gear firm to honour U.S. blacklist of Chinese firms - executive
    Reuters

    Exclusive: Top Japanese chip gear firm to honour U.S. blacklist of Chinese firms - executive

    Japan's Tokyo Electron, the world's No.3 supplier of semiconductor manufacturing equipment, will not supply to Chinese clients blacklisted by Washington, a senior company executive told Reuters. The decision shows how Washington's effort to bar sales of technology to Chinese firms, including Huawei Technologies, is ensnaring non-American firms that are not obliged to follow U.S. law. China, which is locked in a crippling trade war with the United States, is pushing to build its semiconductor industry to reduce its reliance on U.S., Japanese and European suppliers for chip-making machinery.

  • Exclusive: Top Japanese chip gear firm to honor U.S. blacklist of Chinese firms - executive
    Reuters

    Exclusive: Top Japanese chip gear firm to honor U.S. blacklist of Chinese firms - executive

    Japan's Tokyo Electron, the world's No.3 supplier of semiconductor manufacturing equipment, will not supply to Chinese clients blacklisted by Washington, a senior company executive told Reuters. The decision shows how Washington's effort to bar sales of technology to Chinese firms, including Huawei Technologies, is ensnaring non-American firms that are not obliged to follow U.S. law. China, which is locked in a crippling trade war with the United States, is pushing to build its semiconductor industry to reduce its reliance on U.S., Japanese and European suppliers for chip-making machinery.

  • Reuters

    Nikkei rises after European shares support mood; Tokyo Electron surges

    Japan's Nikkei rose on Tuesday as gains in European markets improved sentiment, while shares of Tokyo Electron surged after it announced a share buyback. After U.S. President Donald Trump met Japanese Prime Minister Shinzo Abe on Monday, he told reporters he expected the two countries to be "announcing some things, probably in August, that will be very good for both countries" on trade. On Tuesday, Japan's Economy Minister Toshimitsu Motegi said Trump's comment probably reflected his hope for quick progress in negotiations.

  • Is Tokyo Electron (TOELY) a Great Stock for Value Investors?
    Zacks

    Is Tokyo Electron (TOELY) a Great Stock for Value Investors?

    Let's see if Tokyo Electron (TOELY) stock is a good choice for value-oriented investors right now from multiple angles.