Kyocera Corp. (KYO) Upgraded at Zacks Investment Research
Kyocera Corp. (NYSE:KYO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The brokerage currently has a $54.00 target price on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 12.45% from the stock’s previous close.
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. “
Separately, BNP Paribas upgraded shares of Kyocera Corp. from a “reduce” rating to a “hold” rating in a research report on Thursday, September 8th.
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Shares of Kyocera Corp. (NYSE:KYO) traded up 0.06% on Friday, reaching $48.02. 4,241 shares of the company traded hands. The stock has a 50-day moving average price of $47.79 and a 200 day moving average price of $47.92. The firm has a market capitalization of $17.62 billion, a P/E ratio of 18.79 and a beta of 0.75. Kyocera Corp. has a 1-year low of $38.01 and a 1-year high of $50.93.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KYO. Wetherby Asset Management Inc. increased its position in Kyocera Corp. by 4.8% in the second quarter. Wetherby Asset Management Inc. now owns 5,884 shares of the company’s stock valued at $281,000 after buying an additional 270 shares during the last quarter. US Bancorp DE increased its stake in shares of Kyocera Corp. by 2.5% in the second quarter. US Bancorp DE now owns 5,725 shares of the company’s stock valued at $272,000 after buying an additional 142 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Kyocera Corp. by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 136,074 shares of the company’s stock valued at $6,485,000 after buying an additional 2,600 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Kyocera Corp. by 6.4% in the second quarter. JPMorgan Chase & Co. now owns 17,034 shares of the company’s stock valued at $812,000 after buying an additional 1,028 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its stake in shares of Kyocera Corp. by 25,652.0% in the second quarter. Glenmede Trust Co. NA now owns 45,581 shares of the company’s stock valued at $2,170,000 after buying an additional 45,404 shares during the last quarter. Institutional investors and hedge funds own 0.45% of the company’s stock.
About Kyocera Corp.
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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