TDK Corp. (OTCMKTS:TTDKY) Sees Large Decline in Short Interest

TDK Corp. (OTCMKTS:TTDKY) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 16,563 shares, a decline of 94.2% from the June 30th total of 284,909 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 971,930 shares, the short-interest ratio is currently 0.0 days.

TDK Price Performance

TTDKY opened at $18.30 on Friday. TDK has a 1 year low of $11.69 and a 1 year high of $26.73. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.18 and a current ratio of 1.53. The company’s 50 day simple moving average is $22.05 and its 200 day simple moving average is $17.22. The stock has a market capitalization of $35.57 billion, a PE ratio of 26.52, a P/E/G ratio of 1.34 and a beta of 1.28.

TDK (OTCMKTS:TTDKY) last posted its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). The company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.83 billion. TDK had a return on equity of 10.01% and a net margin of 7.87%.TDK has set its FY 2027 guidance at 0.760-0.760 EPS. As a group, sell-side analysts expect that TDK will post 0.75 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of TDK from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

About TDK

TDK Corporation, founded in Japan in 1935, is a multinational electronics company that develops, manufactures and sells a broad range of electronic materials, components and systems. The company traces its origins to work on ferrite materials for magnetic applications and has since expanded into multiple product lines that serve the electronics industry worldwide. TDK is headquartered in Tokyo and operates through a network of manufacturing, research and sales facilities across Asia, Europe and the Americas.

TDK’s product portfolio includes passive components such as multilayer ceramic capacitors (MLCCs), film capacitors, inductors and ferrite cores; magnetic heads and related magnetic materials; sensor and sensor systems including MEMS-based motion sensors and other sensing devices; and power electronics including power supplies and modules.