On July 1, Tokyo Electron fell 3.3% in regular trading, trading at approximately $234.91/share, with turnover of $3.23 million. The semiconductor equipment sector came under broad selling pressure, compounding company-specific headwinds from deteriorating China-related revenue.
On the news front, Japan's five major chip equipment makers recorded their first-ever year-over-year decline in China sales, totaling 1.47 trillion yen, down 12%. Tokyo Electron was particularly affected, with its latest quarterly China sales ratio falling to 27%, a sharp retreat from its peak of 50%. Sector peers declined in tandem, with Applied Materials down 5.26%, Lam Research down 6.49%, KLA down 6.09%, Teradyne down 7.13%, and ASML down 3.05%.
Despite strong recent earnings — Q4 EPS of $1.49 representing a 192% year-over-year increase and revenue of $4.538 billion — the structural decline in China exposure continues to weigh on valuation sentiment, offsetting gains from an industry-wide equipment pricing super cycle.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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