Zacks Investment Research upgraded shares of Kyocera Corporation (NYSE:KYO) from a hold rating to a buy rating in a research note released on Tuesday. Zacks Investment Research currently has $69.00 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. “
KYO has been the topic of several other research reports. BidaskClub raised Kyocera Corporation from a strong sell rating to a sell rating in a report on Tuesday, August 1st. Mizuho raised Kyocera Corporation from a neutral rating to a buy rating in a report on Tuesday, June 13th.
Kyocera Corporation (NYSE:KYO) opened at 62.61 on Tuesday. The firm has a market capitalization of $23.02 billion, a PE ratio of 20.63 and a beta of 0.53. The stock’s 50 day moving average price is $60.71 and its 200 day moving average price is $58.09. Kyocera Corporation has a 12 month low of $46.98 and a 12 month high of $62.61.
Kyocera Corporation (NYSE:KYO) last posted its quarterly earnings data on Friday, July 28th. The electronics maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.25. Kyocera Corporation had a return on equity of 4.96% and a net margin of 8.34%. The firm had revenue of $3.11 billion for the quarter. Equities research analysts expect that Kyocera Corporation will post $2.18 earnings per share for the current fiscal year.
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A number of large investors have recently bought and sold shares of the business. Bluefin Trading LLC acquired a new position in Kyocera Corporation during the 2nd quarter worth $426,000. Arrowstreet Capital Limited Partnership acquired a new position in Kyocera Corporation during the 2nd quarter worth $810,000. Shelton Capital Management acquired a new position in Kyocera Corporation during the 2nd quarter worth $408,000. Goldman Sachs Group Inc. lifted its holdings in Kyocera Corporation by 9.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 74,527 shares of the electronics maker’s stock worth $4,343,000 after buying an additional 6,558 shares in the last quarter. Finally, Virtu KCG Holdings LLC acquired a new position in Kyocera Corporation during the 2nd quarter worth $446,000. 0.54% of the stock is currently owned by hedge funds and other 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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