Zacks Investment Research downgraded shares of TDK (OTCMKTS:TTDKY) from a strong-buy rating to a hold rating in a research note released on Thursday, Zacks.com reports. They currently have $87.00 target price on the technology company’s stock.

According to Zacks, “TDK Corp. has a portfolio of technologies originally developed for its businesses involving electronic materials, components and devices, semiconductor, recording media and data storage devices. Its technical leadership includes materials research and development for dielectric, organic and semiconductor materials, process technologies for thick and thin film, metal, semiconductors and integration technologies. TDK technologies can be found in multimedia, video, television, personal computers, mobile communications, and semiconductors. (PRESS RELEASE) “

Shares of TTDKY stock opened at $74.68 on Thursday. The firm has a market capitalization of $9.68 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.47 and a beta of 1.65. TDK has a fifty-two week low of $64.66 and a fifty-two week high of $114.00. The firm’s 50 day simple moving average is $74.12.

TDK (OTCMKTS:TTDKY) last announced its quarterly earnings results on Friday, April 26th. The technology company reported $1.33 earnings per share for the quarter. The firm had revenue of $2.78 billion for the quarter. TDK had a net margin of 5.94% and a return on equity of 9.69%. As a group, sell-side analysts expect that TDK will post 6.12 EPS for the current year.

TDK Company Profile

TDK Corporation, together with its subsidiaries, manufactures and sells electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Components, Sensor Application Products, Magnetic Application Products, Film Application Products, and Other segments.

Recommended Story: Elliott Wave Theory

Get a free copy of the Zacks research report on TDK (TTDKY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for TDK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TDK and related companies with MarketBeat.com's FREE daily email newsletter.