Zacks Investment Research downgraded shares of TDK Corp (NASDAQ:TTDKY) from a strong-buy rating to a hold rating in a report issued on Wednesday morning.

According to Zacks, “TDK Corp. has a portfolio of technologies originally developed for its businesses involving electronic materials, components and devices, semiconductor, recording media and data storage devices. Its technical leadership includes materials research and development for dielectric, organic and semiconductor materials, process technologies for thick and thin film, metal, semiconductors and integration technologies. TDK technologies can be found in multimedia, video, television, personal computers, mobile communications, and semiconductors. (PRESS RELEASE) “

TDK Corp (NASDAQ:TTDKY) opened at 65.71 on Wednesday. The stock’s 50 day moving average price is $68.88 and its 200 day moving average price is $61.16. TDK Corp has a 1-year low of $47.78 and a 1-year high of $73.86. The firm has a market cap of $8.29 billion and a P/E ratio of 13.62.

About TDK Corp

TDK Corporation is an electronics company. The Company is engaged in manufacturing electronic components. The Company’s portfolio includes electronic components, modules and systems under the product brands TDK and EPCOS, power supplies, magnetic application products as well as energy devices, flash memory application devices and others.

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