Kyocera Corporation (NYSE:KYO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

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. “

Several other equities research analysts have also recently issued reports on KYO. BidaskClub raised shares of Kyocera Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 1st. Mizuho raised shares of Kyocera Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 13th.

Shares of Kyocera Corporation (KYO) traded up 0.41% during trading on Wednesday, hitting $61.74. 2,897 shares of the stock traded hands. The company’s 50 day moving average is $60.31 and its 200 day moving average is $57.99. The firm has a market cap of $22.70 billion, a PE ratio of 20.34 and a beta of 0.53. Kyocera Corporation has a 52-week low of $46.98 and a 52-week high of $61.80.

Kyocera Corporation (NYSE:KYO) last released its earnings results on Friday, July 28th. The electronics maker reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.25. Kyocera Corporation had a net margin of 8.34% and a return on equity of 4.96%. The business had revenue of $3.11 billion for the quarter. On average, equities research analysts predict that Kyocera Corporation will post $2.18 EPS for the current year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its position in shares of Kyocera Corporation by 5.4% in the second quarter. Parallel Advisors LLC now owns 1,637 shares of the electronics maker’s stock worth $100,000 after acquiring an additional 84 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Kyocera Corporation by 65.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,015 shares of the electronics maker’s stock worth $113,000 after acquiring an additional 795 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Kyocera Corporation by 142.8% in the second quarter. Bessemer Group Inc. now owns 3,261 shares of the electronics maker’s stock worth $190,000 after acquiring an additional 1,918 shares during the last quarter. Greenleaf Trust acquired a new stake in shares of Kyocera Corporation in the second quarter worth approximately $212,000. Finally, Stifel Financial Corp acquired a new stake in shares of Kyocera Corporation in the first quarter worth approximately $229,000. 0.54% of the stock is currently owned by institutional investors and hedge funds.

Kyocera Corporation 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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