Kyocera Corp. (KYO) Upgraded by Zacks Investment Research to Buy
Zacks Investment Research upgraded shares of Kyocera Corp. (NYSE:KYO) from a hold rating to a buy rating in a research report sent to investors on Friday morning. Zacks Investment Research currently has $54.00 target price on the stock.
According to Zacks, “Kyocera Corporation was founded in 1959 as a company specializing in the production of fine ceramic components, Kyocera has expanded its business by effectively developing and applying its ceramics technologies. The company has grown to be a world-leading manufacturer of ceramics, including custom parts and consumer products. Kyocera’s materials, components, and finished products are used in virtually all fields of industry. In addition to ceramics, products also include information, tele-communications, and Optical equipment. “
Separately, BNP Paribas upgraded shares of Kyocera Corp. from a reduce rating to a hold rating in a research note on Thursday, September 8th.
Shares of Kyocera Corp. (NYSE:KYO) traded up 0.90% during mid-day trading on Friday, reaching $48.45. 1,290 shares of the company’s stock were exchanged. The firm has a market cap of $17.77 billion, a P/E ratio of 19.07 and a beta of 0.75. The company has a 50 day moving average price of $47.79 and a 200 day moving average price of $47.92. Kyocera Corp. has a 52-week low of $38.01 and a 52-week high of $50.93.
Several hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp boosted its stake in shares of Kyocera Corp. by 24.3% in the second quarter. Stifel Financial Corp now owns 5,884 shares of the company’s stock worth $280,000 after buying an additional 1,150 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Kyocera Corp. by 9.2% in the second quarter. Parametric Portfolio Associates LLC now owns 170,019 shares of the company’s stock worth $8,103,000 after buying an additional 14,278 shares during the period. OLD Mission Capital LLC raised its stake in Kyocera Corp. by 45.6% in the second quarter. OLD Mission Capital LLC now owns 13,500 shares of the company’s stock worth $643,000 after buying an additional 4,225 shares during the period. Riverhead Capital Management LLC raised its stake in Kyocera Corp. by 437.8% in the second quarter. Riverhead Capital Management LLC now owns 38,722 shares of the company’s stock worth $3,426,000 after buying an additional 31,522 shares during the period. Finally, State Street Corp purchased a new stake in Kyocera Corp. during the second quarter worth $208,000. Institutional investors own 0.45% of the company’s stock.
Kyocera Corp. Company Profile
Kyocera Corporation is engaged in various fields, from fine ceramic components to electronic devices, equipment, services and networks. The Company operates through seven segments: Fine Ceramic Parts Group, Semiconductor Parts Group, Applied Ceramic Products Group, Electronic Device Group, Telecommunications Equipment Group, Information Equipment Group and Others.
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