TDK Corp. (OTCMKTS:TTDKY) Short Interest Update

TDK Corp. (OTCMKTS:TTDKY) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 284,909 shares, a growth of 778.2% from the June 15th total of 32,444 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 503,442 shares, the short-interest ratio is presently 0.6 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of TDK from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

TDK Stock Performance

TDK stock opened at $21.18 on Monday. The stock has a fifty day moving average price of $22.00 and a 200 day moving average price of $16.91. TDK has a 52 week low of $10.85 and a 52 week high of $26.73. The firm has a market capitalization of $41.17 billion, a P/E ratio of 30.70, a PEG ratio of 1.82 and a beta of 1.28. The company has a current ratio of 1.53, a quick ratio of 1.18 and a debt-to-equity ratio of 0.16.

TDK (OTCMKTS:TTDKY) last issued its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). TDK had a return on equity of 10.01% and a net margin of 7.87%.The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.83 billion. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. Equities research analysts anticipate that TDK will post 0.75 earnings per share 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.