Kyocera (KYO) Upgraded to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Kyocera (NYSE:KYO) from a hold rating to a buy rating in a report released on Wednesday morning. They currently have $73.00 target price on the electronics maker’s stock.
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, ValuEngine downgraded Kyocera from a buy rating to a hold rating in a research report on Friday, December 1st.
Shares of Kyocera (KYO) traded up $2.23 on Wednesday, reaching $69.14. The company’s stock had a trading volume of 14,200 shares, compared to its average volume of 7,267. The company has a current ratio of 3.88, a quick ratio of 2.93 and a debt-to-equity ratio of 0.01. Kyocera has a 52-week low of $49.53 and a 52-week high of $71.92. The company has a market cap of $24,603.74, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 5.03 and a beta of 0.60.
Hedge funds have recently added to or reduced their stakes in the company. Knowledge Leaders Capital LLC raised its position in shares of Kyocera by 120.6% during the third quarter. Knowledge Leaders Capital LLC now owns 1,608 shares of the electronics maker’s stock worth $100,000 after acquiring an additional 879 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Kyocera by 29.7% during the second quarter. PNC Financial Services Group Inc. now owns 2,613 shares of the electronics maker’s stock worth $152,000 after acquiring an additional 598 shares during the last quarter. HPM Partners LLC raised its position in shares of Kyocera by 159.7% during the second quarter. HPM Partners LLC now owns 12,465 shares of the electronics maker’s stock worth $207,000 after acquiring an additional 7,666 shares during the last quarter. Eqis Capital Management Inc. bought a new stake in shares of Kyocera during the third quarter worth $254,000. Finally, Shelton Capital Management bought a new stake in shares of Kyocera during the second quarter worth $408,000. Institutional investors own 0.55% of the company’s stock.
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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