Latest news with #TokyoElectron
Business Insider
2 days ago
- Business
- Business Insider
Mizuho Securities Reaffirms Their Buy Rating on Tokyo Electron (TOELF)
In a report released on June 4, Yoshitsugu Yamamoto from Mizuho Securities maintained a Buy rating on Tokyo Electron (TOELF – Research Report), with a price target of Yen37,000.00. The company's shares closed today at $156.68. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Tokyo Electron has an analyst consensus of Strong Buy, with a price target consensus of $216.53, representing a 38.20% upside. In a report released on June 3, Citi also maintained a Buy rating on the stock with a Yen31,000.00 price target. The company has a one-year high of $242.15 and a one-year low of $112.54. Currently, Tokyo Electron has an average volume of 3,538.
Business Standard
2 days ago
- Automotive
- Business Standard
Japanese markets rise on a weaker yen
Japanese markets rose on a weaker yen and due to increased demand for the index futures ahead of the June 13 fixing of special quotation prices. The Nikkei average gained half a percent to close at 37,741.61 as Japan and the U.S. continue trade negotiations toward a win-win deal. The broader Topix index settled 0.47 percent higher at 2,769.33. Tech heavyweights Advantest and Tokyo Electron climbed 2.2 percent and 1.3 percent, respectively. Automakers Honda and Nissan both rose around 1.3 percent. Investors shrugged off data that showed Japan's exports fell in the first 20 days of May due to tariff woes.
Business Recorder
28-05-2025
- Automotive
- Business Recorder
Nikkei rises as chips rally before Nvidia earnings; weaker yen supports
TOKYO: Japan's Nikkei share average rose on Wednesday, setting the benchmark index on course for a fourth straight session of gains, with a sharply weaker yen buoying the bourse's heavyweight exporters. Semiconductor-related shares also got a boost from an overnight rally in their US peers, ahead of earnings from artificial intelligence chip leader Nvidia later on Wednesday. The Nikkei added 0.5% to 37,918.86 by the midday recess. It rose to as high as 38,178.73 at one point, but struggled to stay above the psychological 38,000 line. The broader Topix also advanced 0.5%. While a weaker safe-haven yen amid an improvement in overall market sentiment globally supported the Nikkei in the latest session, 'one can't say the foreign-exchange market has stabilized,' said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management. Some additional push is needed to take the Nikkei firmly above 38,000, such as further positive developments in US tariff negotiations, he said. Tech was the top performing Nikkei sector, with chip-testing equipment maker and Nvidia supplier Advantest the biggest gainer in index-point terms, followed by chip-making machinery manufacturer Tokyo Electron. Advantest jumped 2.1%, accounting for 39 points in the Nikkei's 195-point rise, while Tokyo Electron contributed 14 points. Overnight, the Philadelphia SE semiconductor index rose 3.4%, outperforming a 2% gain for the S&P 500. Nikkei slips as stronger yen weighs, market lacks clear direction Automakers also saw solid gains with the yen trading at around 144.30 per dollar, down from a one-month peak reached on Tuesday. A weaker yen boosts the value of overseas revenues. Toyota rose 0.4%, and Honda jumped 1.7%. Electronics exporters also benefited, with Sony advancing 1.3% and Nintendo up 1.6%.
Yomiuri Shimbun
28-05-2025
- Automotive
- Yomiuri Shimbun
Japan's Nikkei Stock Average Rises as Chips Rally before Nvidia Earnings; Weaker Yen Supports
Yomiuri Shimbun file photo The Tokyo Stock Exchange TOKYO, May 28 (Reuters) – Japan's Nikkei share average rose on Wednesday, setting the benchmark index on course for a fourth straight session of gains, with a sharply weaker yen buoying the bourse's heavyweight exporters. Semiconductor-related shares also got a boost from an overnight rally in their U.S. peers, ahead of earnings from artificial intelligence chip leader Nvidia later on Wednesday. The Nikkei added 0.5% to 37,918.86 by the midday recess. It rose to as high as 38,178.73 at one point, but struggled to stay above the psychological 38,000 line. The broader Topix also advanced 0.5%. While a weaker safe-haven yen amid an improvement in overall market sentiment globally supported the Nikkei in the latest session, 'one can't say the foreign-exchange market has stabilized,' said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management. Some additional push is needed to take the Nikkei firmly above 38,000, such as further positive developments in U.S. tariff negotiations, he said. Tech was the top performing Nikkei sector, with chip-testing equipment maker and Nvidia supplier Advantest the biggest gainer in index-point terms, followed by chip-making machinery manufacturer Tokyo Electron. Advantest jumped 2.1%, accounting for 39 points in the Nikkei's 195-point rise, while Tokyo Electron contributed 14 points. Overnight, the Philadelphia SE semiconductor index rose 3.4%, outperforming a 2% gain for the S&P 500. Automakers also saw solid gains with the yen trading at around 144.30 per dollar, down from a one-month peak reached on Tuesday. A weaker yen boosts the value of overseas revenues. Toyota rose 0.4%, and Honda jumped 1.7%. Electronics exporters also benefited, with Sony advancing 1.3% and Nintendo up 1.6%.
Yahoo
23-05-2025
- Business
- Yahoo
Gov. Greg Abbott awards $3.08M semiconductor grant to Tokyo Electron for R&D facility
Texas Gov. Greg Abbott awarded $3.08 million to Tokyo Electron U.S. Holdings, Inc. on Thursday as part of the state's Semiconductor Innovation Fund. Tokyo Electron U.S. Holdings, Inc. (TEL U.S.) is a subsidiary of global semiconductor equipment manufacturer Tokyo Electron Limited (TEL). The money will go toward TEL U.S.'s technical training and research and development (R&D) facility in Southeast Austin. That facility is expected to create over $30 million in capital investment, according to the announcement. 'Tokyo Electron's more than $30 million investment builds on our state's leadership in the semiconductor industry and will help bolster semiconductor-related job training to prepare thousands of Texans for better job and bigger paycheck opportunities," Abbott said in the announcement. TEL U.S. has had its North American headquarters in Austin for more than 30 years. The company sold its Southeast Austin campus in September 2023 and moved its headquarters to a new 15-story, office building at 401 S. First St. near Auditorium Shores at Town Lake Metropolitan Park, which opened last month. TEL U.S. is reportedly also looking into opening an office in Taylor, where Samsung Austin Semiconductor is currently building its multibillion-dollar semiconductor fab. Last year, TEL U.S. announced that it would move its training and R&D operations to a 100,000 square-foot warehouse located off of Southeast Austin's Metro Center Drive, a little over five miles from the company's headquarters. According to Abbott's Thursday announcement, the facility will train an estimated 2,200 employees per year using virtual and augmented reality training methods. 'TEL U.S. is honored to receive this funding from the Texas Semiconductor Innovation Fund to enhance our research and development efforts in the state we've called home for over 30 years,' said TEL U.S. executive vice president Rick Turner said. 'This grant is a testament to the State of Texas' commitment to leading the production of domestic semiconductor technology, and we look forward to the progress in our industry that funding like this will enable.' The Texas Semiconductor Innovation Fund was established through the Texas CHIPS Act, which Abbott signed in 2023. The fund aims to invest in semiconductor research, design and manufacturing in has previously awarded funding to Elon Musk's SpaceX, Austin-based Silicon Labs, Korean Dongjin Semichem, Intelligent Epitaxy Technology and KoMiCo Technology. This article originally appeared on Austin American-Statesman: Texas Gov. Abbott awards Tokyo Electron with semiconductor grant
