Kyocera (KYO) Rating Increased to Outperform at Macquarie

Kyocera (NYSE:KYO) was upgraded by Macquarie from a “neutral” rating to an “outperform” rating in a research note issued on Thursday, The Fly reports.

Several other brokerages have also issued reports on KYO. ValuEngine lowered Kyocera from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research lowered Kyocera from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $73.00.

Shares of Kyocera (NYSE:KYO) traded down $0.93 during trading hours on Thursday, hitting $66.25. The stock had a trading volume of 21,117 shares, compared to its average volume of 10,710. Kyocera has a 12-month low of $53.12 and a 12-month high of $71.92. The company has a market cap of $24,717.73, a price-to-earnings ratio of 20.77, a P/E/G ratio of 5.07 and a beta of 0.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.88 and a quick ratio of 2.93.

Kyocera (NYSE:KYO) last announced its earnings results on Monday, October 30th. The electronics maker reported $0.65 earnings per share (EPS) for the quarter. Kyocera had a return on equity of 5.24% and a net margin of 8.57%. The firm had revenue of $3.54 billion during the quarter. analysts forecast that Kyocera will post 3.06 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its position in Kyocera by 2.6% during the 2nd quarter. Renaissance Technologies LLC now owns 549,600 shares of the electronics maker’s stock valued at $32,025,000 after buying an additional 13,910 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Kyocera by 13.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 352,412 shares of the electronics maker’s stock valued at $21,909,000 after buying an additional 41,610 shares in the last quarter. Aperio Group LLC increased its position in Kyocera by 5.5% during the 3rd quarter. Aperio Group LLC now owns 192,107 shares of the electronics maker’s stock valued at $11,943,000 after buying an additional 10,016 shares in the last quarter. Fisher Asset Management LLC bought a new position in Kyocera during the 4th quarter valued at approximately $5,695,000. Finally, Goldman Sachs Group Inc. increased its position in Kyocera by 9.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 74,527 shares of the electronics maker’s stock valued at $4,343,000 after buying an additional 6,558 shares in the last quarter. 0.55% of the stock is owned by institutional investors.

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About Kyocera

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.