TDK (TTDKY) Cut to Sell at Zacks Investment Research
Zacks Investment Research lowered shares of TDK (OTCMKTS:TTDKY) from a hold rating to a sell rating in a research note released on Friday 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) “
Separately, ValuEngine upgraded shares of TDK from a buy rating to a strong-buy rating in a research note on Tuesday, June 26th.
TDK (OTCMKTS:TTDKY) last announced its quarterly earnings results on Monday, July 30th. The technology company reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.05. The firm had revenue of $3.09 billion for the quarter. TDK had a net margin of 5.17% and a return on equity of 8.46%. Analysts expect that TDK will post 5.74 EPS for the current fiscal year.
TDK Corporation, together with its subsidiaries, manufactures and sells electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Components, Magnetic Application Products, Film Application Products, and Other segments. The Passive Components segment provides ceramic capacitors, aluminum electrolytic capacitors, film capacitors, high-frequency components, piezoelectric materials, circuit protection components, and sensors, as well as inductive devices, such as coils, ferrite cores, and transformers.
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