Kyocera Corp. (KYO) Shares Gap Up to $48.81
Shares of Kyocera Corp. (NYSE:KYO) gapped up before the market opened on Wednesday . The stock had previously closed at $48.72, but opened at $48.81. Kyocera Corp. shares last traded at $48.99, with a volume of 11,871 shares traded.
A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Kyocera Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 14th. TheStreet raised shares of Kyocera Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, April 20th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating on shares of Kyocera Corp. in a report on Monday, April 18th.
The firm has a market cap of $17.97 billion and a P/E ratio of 17.16. The company has a 50-day moving average price of $48.34 and a 200 day moving average price of $46.01.
An institutional investor recently raised its position in Kyocera Corp. stock. Dimensional Fund Advisors LP raised its position in shares of Kyocera Corp. (NYSE:KYO) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 132,771 shares of the company’s stock after buying an additional 900 shares during the period. Dimensional Fund Advisors LP’s holdings in Kyocera Corp. were worth $6,122,000 as of its most recent SEC filing.
KYOCERA CORPORATION mainly develops products for the information and communications market. The Fine Ceramic segment offers semiconductor and liquid crystal manufacturing equipment parts, and information communication parts. The Semiconductor Parts segment offers ceramic and optical communication packages.
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