Short Interest in TDK Corp. (OTCMKTS:TTDKY) Declines By 34.3%

TDK Corp. (OTCMKTS:TTDKY) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 32,444 shares, a decline of 34.3% from the May 31st total of 49,353 shares. Based on an average daily volume of 384,984 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Zacks Research raised TDK from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, TDK presently has a consensus rating of “Buy”.

TDK Price Performance

OTCMKTS TTDKY opened at $22.21 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.53 and a quick ratio of 1.18. The firm has a market capitalization of $43.18 billion, a price-to-earnings ratio of 32.19, a price-to-earnings-growth ratio of 1.91 and a beta of 1.28. The company has a 50 day simple moving average of $21.60 and a 200-day simple moving average of $16.66. TDK has a 52-week low of $10.80 and a 52-week high of $26.73.

TDK (OTCMKTS:TTDKY) last announced its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). The company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.83 billion. TDK had a net margin of 7.87% and a return on equity of 10.01%. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. Equities research analysts predict that TDK will post 0.75 earnings per share for the current fiscal 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.