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An announcement from Tokyo Electron Device Limited ( (JP:2760) ) is now available.
Tokyo Electron Device Limited has announced its decision to transfer all shares in its equity-method affiliate, Fidus Systems Inc., resulting in an expected extraordinary income. This strategic move is aimed at optimizing resource allocation and strengthening the company’s financial foundation, as the collaboration with Fidus has diminished in strategic importance.
The most recent analyst rating on (JP:2760) stock is a Buy with a Yen3145.00 price target. To see the full list of analyst forecasts on Tokyo Electron Device Limited stock, see the JP:2760 Stock Forecast page.
More about Tokyo Electron Device Limited
Tokyo Electron Device Limited operates in the technology industry, focusing on the development and distribution of semiconductor products and software solutions. The company has been involved in expanding its FPGA evaluation board business and targeting the North American market.
Average Trading Volume: 166,672
Technical Sentiment Signal: Buy
Current Market Cap: Yen93.39B
For an in-depth examination of 2760 stock, go to TipRanks’ Overview page.