TDK (OTCMKTS:TTDKY) Hits New 52-Week High – What’s Next?

TDK Corp. (OTCMKTS:TTDKY) hit a new 52-week high on Thursday . The company traded as high as $20.00 and last traded at $19.5950, with a volume of 24338 shares. The stock had previously closed at $18.80.

Analyst Upgrades and Downgrades

TTDKY has been the topic of a number of research analyst reports. Wall Street Zen raised shares of TDK from a “hold” rating to a “buy” rating in a research report on Wednesday, February 4th. Nomura raised TDK to a “strong-buy” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

TDK Stock Up 4.2%

The company has a current ratio of 1.53, a quick ratio of 1.18 and a debt-to-equity ratio of 0.16. The stock’s 50-day moving average price is $14.93 and its 200-day moving average price is $14.93. The company has a market cap of $38.07 billion, a P/E ratio of 28.38, a PEG ratio of 1.42 and a beta of 1.14.

TDK (OTCMKTS:TTDKY) last issued its earnings results on Tuesday, April 28th. The technology company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). TDK had a net margin of 7.87% and a return on equity of 10.01%. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.83 billion. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. As a group, research analysts forecast that TDK Corp. will post 0.76 EPS for the current year.

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.