Madison Asset Management LLC Has $4.66 Million Stake in Murata Manufacturing Inc. $MRAAY

Madison Asset Management LLC lowered its holdings in Murata Manufacturing Inc. (OTCMKTS:MRAAY) by 32.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 128,609 shares of the company’s stock after selling 60,420 shares during the quarter. Madison Asset Management LLC’s holdings in Murata Manufacturing were worth $4,656,000 as of its most recent SEC filing.

Murata Manufacturing Stock Performance

Murata Manufacturing stock opened at $22.41 on Friday. Murata Manufacturing Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $38.72. The stock has a market cap of $81.94 billion, a PE ratio of 47.68 and a beta of 1.60. The firm’s 50-day simple moving average is $28.04 and its 200 day simple moving average is $20.19.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $2.97 billion. Murata Manufacturing had a net margin of 13.86% and a return on equity of 9.94%. Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. As a group, analysts predict that Murata Manufacturing Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of Murata Manufacturing to a “hold” rating in a report on Monday, April 27th. Citigroup raised Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Murata Manufacturing Company Profile

Murata Manufacturing Co, Ltd. is a Japan-based manufacturer of electronic components and modules, best known for its development and production of ceramic components. Founded in 1944 by Akira Murata and headquartered in Nagaokakyo, Kyoto Prefecture, the company has grown into a leading global supplier of multilayer ceramic capacitors (MLCCs), ceramic resonators, and a broad range of passive and active electronic parts used across consumer, industrial and automotive electronics.

The company’s product portfolio encompasses passive components (such as capacitors, inductors and filters), sensors and sensing modules, power modules, and RF/wireless communication modules.