On June 30, Tokyo Electron rose 5.57% in regular trading, trading at $241.67/share, with turnover of $76.95 million. The semiconductor equipment sector surged broadly, with Applied Materials up 12.57%, KLA-Tencor up 9.40%, Lam Research up 8.90%, Teradyne up 6.04%, and ASML up 3.79%.
On the news front, the semiconductor equipment industry is in the midst of a rare pricing super cycle. Tokyo Electron has initiated price increase negotiations across all product categories, with hikes of 5%-10%. Applied Materials and Lam Research have raised prices on select equipment by 15%-30%, while SK Hynix has also received 3%-4% price hike requests from equipment suppliers. SEMI has raised its global front-end semiconductor equipment market growth forecast from 16.5% to 23.5%, projecting the market to reach $152.2 billion, with Q1 global equipment shipments hitting an all-time quarterly high.
Additionally, Tokyo Electron reported strong fiscal results earlier, with quarterly EPS of $1.49, a 192% increase year-over-year, and revenue of $4.538 billion versus $4.297 billion in the prior year period, underscoring robust demand fundamentals supporting the current pricing momentum.
(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.)
Comments