Kyocera Corporation (KYO) Stock Rating Lowered by Zacks Investment Research
Kyocera Corporation (NYSE:KYO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
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. “
A number of other research analysts have also commented on the stock. Mizuho raised shares of Kyocera Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 13th. BidaskClub lowered shares of Kyocera Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th.
Kyocera Corporation (NYSE KYO) traded up 0.77% during trading on Wednesday, reaching $62.61. The company had a trading volume of 2,317 shares. The stock has a market cap of $23.02 billion, a P/E ratio of 20.63 and a beta of 0.53. Kyocera Corporation has a 12-month low of $46.98 and a 12-month high of $62.61. The firm has a 50-day moving average price of $60.71 and a 200 day moving average price of $58.09.
Kyocera Corporation (NYSE:KYO) last announced its quarterly earnings data on Friday, July 28th. The electronics maker reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.25. The business had revenue of $3.11 billion during the quarter. Kyocera Corporation had a net margin of 8.34% and a return on equity of 4.96%. Equities research analysts predict that Kyocera Corporation will post $2.18 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in KYO. Parallel Advisors LLC raised its position in shares of Kyocera Corporation by 5.4% during the second quarter. Parallel Advisors LLC now owns 1,637 shares of the electronics maker’s stock valued at $100,000 after buying an additional 84 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Kyocera Corporation by 65.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,015 shares of the electronics maker’s stock valued at $113,000 after buying an additional 795 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Kyocera Corporation by 142.8% during the second quarter. Bessemer Group Inc. now owns 3,261 shares of the electronics maker’s stock valued at $190,000 after buying an additional 1,918 shares during the last quarter. HPM Partners LLC raised its position in shares of Kyocera Corporation by 159.7% during the second quarter. HPM Partners LLC now owns 12,465 shares of the electronics maker’s stock valued at $207,000 after buying an additional 7,666 shares during the last quarter. Finally, Greenleaf Trust acquired a new position in shares of Kyocera Corporation during the second quarter valued at about $212,000. 0.54% of the stock is owned by institutional investors and hedge funds.
About Kyocera Corporation
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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