TDK (OTCMKTS:TTDKY) Sets New 12-Month High – Still a Buy?

TDK Corp. (OTCMKTS:TTDKY)’s share price hit a new 52-week high on Wednesday . The company traded as high as $23.20 and last traded at $23.19, with a volume of 345656 shares changing hands. The stock had previously closed at $21.23.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Zacks Research downgraded shares of TDK from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Nomura upgraded shares of TDK to a “strong-buy” rating in a research report on Tuesday, February 3rd. Finally, Wall Street Zen upgraded shares of TDK from a “hold” rating to a “buy” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

TDK Trading Up 8.6%

The firm has a market capitalization of $47.62 billion, a PE ratio of 35.51, a PEG ratio of 1.90 and a beta of 1.14. The company has a quick ratio of 1.18, a current ratio of 1.53 and a debt-to-equity ratio of 0.16. The stock’s fifty day simple moving average is $16.51 and its 200 day simple moving average is $15.21.

TDK (OTCMKTS:TTDKY) last announced its earnings results on Tuesday, April 28th. The technology company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). TDK had a net margin of 7.87% and a return on equity of 10.01%. The business had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.83 billion. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. On average, sell-side analysts predict that TDK Corp. will post 0.76 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.