Zacks Investment Research upgraded shares of TDK (OTCMKTS:TTDKY) from a strong sell rating to a buy rating in a research report sent to investors on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $114.00 price target on the technology company’s stock.
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) “
Several other analysts also recently issued reports on TTDKY. ValuEngine downgraded TDK from a hold rating to a sell rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. raised TDK from a neutral rating to an overweight rating in a report on Thursday, April 9th.
Shares of TTDKY opened at $110.99 on Wednesday. The firm has a market cap of $14.02 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 2.01 and a beta of 1.65. The stock has a 50 day moving average of $99.81 and a 200-day moving average of $94.37. The company has a current ratio of 1.34, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. TDK has a 52 week low of $63.04 and a 52 week high of $117.45.
TDK (OTCMKTS:TTDKY) last announced its quarterly earnings results on Friday, May 15th. The technology company reported ($1.15) earnings per share (EPS) for the quarter. The company had revenue of $2.84 billion during the quarter. TDK had a return on equity of 6.67% and a net margin of 4.24%. On average, sell-side analysts predict that TDK will post 4.79 earnings per share 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, Sensor Application Products, Magnetic Application Products, Film Application Products, and Other segments.
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