THIRD TEAM

Hideyuki Maekawa Credit Suisse

Hideyuki Maekawa advances from runner-up to third place. Having upgraded Tokyo Electron from neutral to outperform in December 2009, at ¥4,720, on increasing demand from computer-memory manufacturers for the company’s DRAM components, the Credit Suisse analyst downgraded the Tokyo-based semiconductor-foundry supplier back to neutral in June, at ¥5,550, on declining DRAM prices, capturing a 17.6 percent run-up. By the end of February, the stock had slid 3.8 percent, to ¥5,340, and lagged the sector by 15.1 percentage points. “Maekawa-san’s comments are useful and always speedy,” asserts one follower.

Polling and tabulation of data as well as reporting on the sector profiles were completed before the March 11 Tohoku earthquake.