Parallel Advisors LLC boosted its position in shares of Kyocera Corporation (NYSE:KYO) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,637 shares of the electronics maker’s stock after buying an additional 84 shares during the period. Parallel Advisors LLC’s holdings in Kyocera Corporation were worth $100,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HPM Partners LLC purchased a new position in shares of Kyocera Corporation during the first quarter worth approximately $269,000. Wellington Shields Capital Management LLC purchased a new position in shares of Kyocera Corporation during the first quarter worth approximately $1,238,000. Bank of New York Mellon Corp raised its position in shares of Kyocera Corporation by 12.7% in the first quarter. Bank of New York Mellon Corp now owns 18,141 shares of the electronics maker’s stock worth $1,018,000 after buying an additional 2,049 shares in the last quarter. Comerica Bank raised its position in shares of Kyocera Corporation by 1.4% in the first quarter. Comerica Bank now owns 22,280 shares of the electronics maker’s stock worth $1,267,000 after buying an additional 297 shares in the last quarter. Finally, World Asset Management Inc raised its position in shares of Kyocera Corporation by 1.3% in the first quarter. World Asset Management Inc now owns 23,526 shares of the electronics maker’s stock worth $1,321,000 after buying an additional 294 shares in the last quarter. 0.54% of the stock is currently owned by hedge funds and other institutional investors.

Kyocera Corporation (KYO) opened at 59.94 on Thursday. The firm has a market capitalization of $22.04 billion, a price-to-earnings ratio of 19.85 and a beta of 0.54. Kyocera Corporation has a one year low of $46.37 and a one year high of $61.71. The firm has a 50-day moving average price of $59.17 and a 200-day moving average price of $57.51.

Kyocera Corporation (NYSE:KYO) last posted its quarterly earnings results on Friday, July 28th. The electronics maker reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.25. The business had revenue of $3.11 billion for the quarter. Kyocera Corporation had a return on equity of 4.96% and a net margin of 8.34%. Analysts expect that Kyocera Corporation will post $2.18 EPS for the current year.

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A number of research analysts have commented on KYO shares. Zacks Investment Research raised Kyocera Corporation from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Friday, June 9th. Mizuho raised Kyocera Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, BidaskClub lowered Kyocera Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th.

About Kyocera Corporation

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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Institutional Ownership by Quarter for Kyocera Corporation (NYSE:KYO)

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