Tokyo Electron (OTCMKTS:TOELY) Shares Set to Split on Tuesday, April 4th

Tokyo Electron Limited (OTCMKTS:TOELY – Get Rating) shares are scheduled to split before the market opens on Tuesday, April 4th. The 1.5-1 split was announced on Tuesday, April 4th. The newly issued shares will be distributed to shareholders after the market closes on Tuesday, April 4th.

Tokyo Electron Trading Up 0.5 %

Shares of TOELY stock opened at $90.85 on Friday. The stock has a market capitalization of $56.61 billion, a P/E ratio of 15.45 and a beta of 1.48. The firm’s 50 day moving average is $87.57 and its 200 day moving average is $78.27. Tokyo Electron has a 12 month low of $58.33 and a 12 month high of $131.75.

Tokyo Electron (OTCMKTS:TOELY – Get Rating) last announced its quarterly earnings results on Thursday, February 9th. The company reported $0.98 EPS for the quarter. The company had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Tokyo Electron had a net margin of 21.66% and a return on equity of 34.69%. On average, equities analysts predict that Tokyo Electron will post 4.95 EPS for the current year.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein cut shares of Tokyo Electron from an “outperform” rating to a “market perform” rating in a research note on Monday, March 13th.

About Tokyo Electron

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Tokyo Electron Ltd. engages in the development, manufacture, and sale of semiconductor production equipment and industrial electronics products for flat panel display manufacturing equipment. It operates through the following segments: Semiconductor Production Equipment (SPE), Flat Panel Display (FPD) Production Equipment and Others.