Kyocera Corp. (KYO) Shares Gap Up to $48.35
Kyocera Corp. (NYSE:KYO)’s share price gapped up prior to trading on Friday . The stock had previously closed at $48.01, but opened at $48.35. Kyocera Corp. shares last traded at $49.02, with a volume of 10,532 shares changing hands.
KYO has been the subject of several analyst reports. Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Kyocera Corp. in a research note on Monday, April 18th. TheStreet upgraded Kyocera Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, April 20th. Finally, Zacks Investment Research upgraded Kyocera Corp. from a “sell” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Tuesday, May 17th.
The firm has a market capitalization of $17.98 billion and a PE ratio of 19.86. The company’s 50-day moving average is $48.05 and its 200-day moving average is $46.30.
A hedge fund recently raised its stake in Kyocera Corp. stock. Dimensional Fund Advisors LP raised its stake in shares of Kyocera Corp. (NYSE:KYO) by 0.7% during the fourth quarter, according to its most recent 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 at the end of the most recent quarter.
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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