TOKYO ELECTRON/ADR (OTCMKTS:TOELY) – Research analysts at Jefferies Financial Group upped their FY2020 earnings estimates for TOKYO ELECTRON/ADR in a note issued to investors on Tuesday, November 6th. Jefferies Financial Group analyst M. Nakanomyo now forecasts that the company will post earnings of $3.36 per share for the year, up from their prior estimate of $3.29.
A number of other analysts also recently commented on TOELY. Zacks Investment Research downgraded TOKYO ELECTRON/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. Deutsche Bank downgraded TOKYO ELECTRON/ADR from a “buy” rating to a “hold” rating in a research note on Monday, October 1st.
About TOKYO ELECTRON/ADR
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.
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