Kyocera Corp. (KYO) Upgraded to Buy at Zacks Investment Research
Kyocera Corp. (NYSE:KYO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The brokerage presently has a $54.00 price target on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 12.45% from the company’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 raised 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% during trading on Friday, reaching $48.02. The company’s stock had a trading volume of 4,241 shares. The company has a 50-day moving average price of $47.79 and a 200-day moving average price of $47.92. Kyocera Corp. has a one year low of $38.01 and a one year high of $50.93. The stock has a market cap of $17.62 billion, a price-to-earnings ratio of 18.79 and a beta of 0.75.
A number of institutional investors have recently made changes to their positions in the stock. Wetherby Asset Management Inc. increased its position in shares of 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 period. US Bancorp DE increased its position 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 period. Dimensional Fund Advisors LP increased its position 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 period. JPMorgan Chase & Co. increased its position 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 period. Finally, Glenmede Trust Co. NA increased its position 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 period. 0.45% of the stock is currently owned by institutional investors.
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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