Kyocera Corporation (KYO) Downgraded by Zacks Investment Research
Zacks Investment Research cut shares of Kyocera Corporation (NYSE:KYO) from a buy rating to a hold rating in a report published on Wednesday. Zacks Investment Research currently has $70.00 price target on the electronics maker’s 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. “
Other research analysts also recently issued reports about the stock. BidaskClub upgraded shares of Kyocera Corporation from a strong sell rating to a sell rating in a research report on Tuesday, August 1st. Mizuho upgraded shares of Kyocera Corporation from a neutral rating to a buy rating in a research report on Tuesday, June 13th.
Shares of Kyocera Corporation (NYSE:KYO) opened at 63.02 on Wednesday. Kyocera Corporation has a 52 week low of $46.98 and a 52 week high of $63.29. The stock has a market cap of $23.17 billion, a price-to-earnings ratio of 20.67 and a beta of 0.53. The stock’s 50 day moving average is $60.80 and its 200 day moving average is $58.22.
Kyocera Corporation (NYSE:KYO) last issued its quarterly earnings data on Friday, July 28th. The electronics maker reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.25. The company had revenue of $3.11 billion for the quarter. Kyocera Corporation had a net margin of 8.34% and a return on equity of 4.96%. On average, equities analysts forecast that Kyocera Corporation will post $2.18 EPS for the current year.
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Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its stake in Kyocera Corporation by 7.0% during the first quarter. Goldman Sachs Group Inc. now owns 67,969 shares of the electronics maker’s stock valued at $3,815,000 after acquiring an additional 4,475 shares in the last quarter. Morgan Stanley grew its stake in Kyocera Corporation by 345.0% during the first quarter. Morgan Stanley now owns 42,306 shares of the electronics maker’s stock valued at $2,375,000 after acquiring an additional 32,800 shares in the last quarter. UBS Group AG grew its stake in Kyocera Corporation by 341.8% during the first quarter. UBS Group AG now owns 24,653 shares of the electronics maker’s stock valued at $1,384,000 after acquiring an additional 19,073 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Kyocera Corporation by 26.3% during the first quarter. Parametric Portfolio Associates LLC now owns 279,445 shares of the electronics maker’s stock valued at $15,685,000 after acquiring an additional 58,196 shares in the last quarter. Finally, Wetherby Asset Management Inc. grew its stake in Kyocera Corporation by 9.4% during the second quarter. Wetherby Asset Management Inc. now owns 8,323 shares of the electronics maker’s stock valued at $485,000 after acquiring an additional 716 shares in the last quarter. 0.54% of the stock is owned by institutional investors.
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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