Jefferies Adjusts Tokyo Electron's Price Target to 76,000 Yen From 90,000 Yen, Keeps at Buy
Tokyo Electron (TYO:8035) has an average rating of overweight and mean price target of 74,700 yen, according to analysts polled by FactSet.
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Tokyo Electron (TYO:8035) has an average rating of overweight and mean price target of 74,700 yen, according to analysts polled by FactSet.
Japanese stocks reporting earnings traded mixed on Friday, with gains led by electronics manufacturers and banks, while think-tanks declined.Tokyo Electron's (TYO:8035) shares climbed over 7% after attributable net income for the fiscal first quarter surged 40% to 164.3 billion yen.The electronics company's earnings per share climbed to 360.15 yen while net sales grew 33.3% year on year to 732.4 billion yen for the three months ended June 30.For the six months ending Sept. 30, the company expects an attributable income of 349 billion yen, EPS of 767.51 yen, and net sales of 1.620 trillion yen.Mizuho Financial Group's (TYO:8411) stocks gained 5% after fiscal first quarter earnings soared 46% to 422.9 billion yen.The Japanese banking group's earnings per share increased to 173.53 yen while ordinary income rose 18% year on year to 2.521 trillion yen.For fiscal year 2026, the group forecasts an attributable profit of 1.400 trillion yen and EPS of 575.08 yen.Nomura Research Institute's (TYO:4307) shares plummeted 16% despite first-quarter results coming in higher. The think tank posted a 12% year-over-year increase in profit attributable to owners of the parent to 29.21 billion yen for the three months ended June 30.Earnings per share increased to 51.42 yen while revenues jumped 7.5% to 210.46 billion yen for the period.For the fiscal year ending March 31, 2027, the company projects an attributable profit of 119 billion yen, EPS of 209.46 yen, and revenue of 850 billion yen.
Tokyo Electron (TYO:8035) net income attributable to owners of the parent jumped 39.5% to 164.3 billion yen for the fiscal first quarter, from 117.8 billion yen a year earlier.The electronics company's earnings per share climbed to 360.15 yen from 256.49 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales grew 33.3% year on year to 732.4 billion yen for the three months ended June 30, from 549.6 billion yen.For the six months ending Sept. 30, the company expects an attributable income of 349 billion yen, EPS of 767.51 yen, and net sales of 1.620 trillion yen.The company plans to pay an interim dividend of 384.00 yen per share.
Tokyo Electron (TYO:8035) has an average rating of overweight and mean price target of 73,354.55 yen, according to analysts polled by FactSet.
The top five manufacturers of chipmaking equipment in Japan reported a 10% decline in Chinese sales in the fiscal year ended March 31, amid China's push to promote its own chipmaking equipment manufacturers, Nikkei Asia reported Sunday.The combined sales of Tokyo Electron (TYO:8035), Advantest (TYO:6857), Screen Holdings (TYO:7735), Disco (TYO:6146), and Kokusai Electric (TYO:6525) fell 12% in fiscal 2025 from fiscal 2024 to 1.47 trillion yen, the report said.Tokyo Electron's sales of chipmaking equipment in China for the January-March quarter accounted for 27% of the total compared with 34% a year earlier and from 50% in April-June 2024. Sales of the equipment in China for Tokyo Electron, Screen Holdings, and Kokusai declined nearly 20% on-year, led by weakness in front-end chipmaking equipment sales, it said.The market leveled off after Chinese chipmakers boosted investment ahead of escalating U.S.-China trade tensions, while increasing competition from domestic suppliers took a toll on Japanese, U.S., and European equipment makers' sales, the report said.Shares of Tokyo Electron and Advantest added nearly 1%, Disco's shares added over 3%, Kokusai Electric's shares rose over 2%, while those of Screen Holdings added nearly 4% in Monday morning trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Powerchip Semiconductor Manufacturing (TPE:6770) acquired machinery and facility equipment from Tokyo Electron (TYO:8035) for about NT$1.09 billion, according to a Thursday Taiwan Exchange filing.The equipment will be used for manufacturing purposes, the company said.
Japanese stocks pared a historic morning rally, sparked by overnight gains in U.S. technology shares, to finish almost entirely flat on Wednesday, as late-session profit-taking erased a major tech-driven breakout.The Nikkei 225 closed virtually unchanged, up just 3.32 points to finish at 64,999.41.Chip-related stocks in Japan spearheaded the morning sentiment, with heavyweights Advantest (TYO:6857) and Tokyo Electron (TYO:8035) both surging more than 5% intraday before trimming gains by the closing bell.On the domestic front, the yen's real effective exchange rate has dropped to its lowest level since the 1970s, severely eroding Japan's external purchasing power as persistent trade deficits and volatile oil import costs compound structural selling pressure, Nikkei reported Wednesday, citing the Brookings Institution's Robin Brooks.Meanwhile, on the corporate side, Japanese machinery manufacturer Nabtesco (TYO:6268) plans to begin mass production of fully electric power steering systems for large commercial vehicles in 2027, Nikkei reported Wednesday.Murata Manufacturing (TYO:6981) declared a year-end dividend of 35 yen per share for fiscal year 2025, matching earlier forecasts and higher than the 30 yen per share paid a year ago.
United Microelectronics (TPE:2303) acquired a batch of machinery and equipment worth about NT$1.03 billion from Tokyo Electron (TYO:8035), according to a Friday Taiwan Exchange filing.Shares of United Microelectronics jumped about 10%, while those of Tokyo Electron rose about 4% in Monday afternoon trade.The acquisition took place between May 27, 2025, and May 22, 2026, and the equipment will be used for production purposes.
Tokyo Electron (TYO:8035) unit will not file an appeal in the trade secrets case involving Taiwan Semiconductor Manufacturing, TSMC (TPE:2330), as it respects the judicial process, the company told Reuters in a written statement on Thursday.In April, a Taiwanese court fined the Japan-based company's local unit NT$150 million over allegations linked to confidential technology tied to TSMC's advanced chip processes.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Tokyo Electron (TYO:8035) has an average rating of overweight and mean price target of 51,813.64 yen, according to analysts polled by FactSet.
Tokyo Electron's (TYO:8035) net income attributable to owners of the parent rose 5.6% to 574.5 billion yen for the fiscal year 2026 from 544.1 billion yen a year earlier.The semiconductor company's net income per share increased to 1,250.88 yen from 1,179.08 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales edged up 0.5% to 2.444 trillion yen for the full year ended March 31 from 2.432 trillion yen in the prior year.Tokyo Electron declared a final dividend of 364 yen per share, payable from June 2.For the first half of the fiscal year ending March 31, 2027, the company expects attributable net income of 328 billion yen, net income per share of 721.12 yen, and net sales of 1.570 trillion yen.Tokyo Electron plans to pay an interim dividend of 361 yen per share for the year, higher than the 264 yen per share a year ago.The year-end dividend for the current fiscal year remains undecided.
Tokyo Electron (TYO:8035) said a Taiwan court has ordered its subsidiary Tokyo Electron Taiwan to pay a fine over a case involving a former employee and a customer's confidential information, according to a Monday filing on the Tokyo Stock Exchange.The court imposed a fine of NT$150 million, with the sentence suspended for three years subject to payments of NT$100 million to the affected customer and NT$50 million to the Taiwanese government.The company said the ruling relates to inadequate supervisory obligations but found no organizational involvement or external leakage of confidential information.