Zacks Research Downgrades TDK (OTCMKTS:TTDKY) to Strong Sell

TDK (OTCMKTS:TTDKY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

Several other analysts have also recently weighed in on the stock. Wall Street Zen upgraded shares of TDK from a “hold” rating to a “buy” rating in a report on Wednesday, February 4th. Nomura upgraded shares of TDK to a “strong-buy” rating in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

TDK Stock Performance

OTCMKTS:TTDKY opened at $19.15 on Tuesday. The stock has a market cap of $37.22 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 1.59 and a beta of 1.14. The firm’s fifty day simple moving average is $15.48 and its 200 day simple moving average is $15.00. TDK has a twelve month low of $10.14 and a twelve month high of $20.00. The company has a quick ratio of 1.18, a current ratio of 1.53 and a debt-to-equity ratio of 0.16.

TDK (OTCMKTS:TTDKY) last released its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.05). The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate 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. As a group, research analysts predict that TDK will post 0.76 EPS for the current 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.