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Tokyo Electron (TOELF): New Buy Recommendation for This Technology Giant

Tipranks - Tipranks - Thu Jun 25, 7:16AM CDT

In a report released today, Masahiro Nakanomyo from Jefferies maintained a Buy rating on Tokyo Electron, with a price target of Yen90,000.00.

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Nakanomyo covers the Technology sector, focusing on stocks such as SCREEN Holdings Co, Tokyo Seimitsu Co., Ltd, and Shibaura Mechatronics Corp.. According to TipRanks, Nakanomyo has an average return of 30.1% and a 65.48% success rate on recommended stocks.

In a report released on June 18, J.P. Morgan also maintained a Buy rating on the stock with a Yen85,000.00 price target.

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Based on Tokyo Electron’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of Yen711.82 billion and a net profit of Yen214.29 billion. In comparison, last year the company earned a revenue of Yen655.4 billion and had a net profit of Yen142.97 billion

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