TDK (OTCMKTS:TTDKY) Shares Gap Up – Here’s Why

TDK Corp. (OTCMKTS:TTDKY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $13.08, but opened at $13.78. TDK shares last traded at $13.8950, with a volume of 71,122 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TTDKY. Wall Street Zen upgraded shares of TDK from a “hold” rating to a “buy” rating in a research report on Wednesday, February 4th. Nomura upgraded TDK to a “strong-buy” rating in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

TDK Stock Performance

The company has a market cap of $26.67 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.43 and a beta of 0.76. The company has a current ratio of 1.53, a quick ratio of 1.18 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average price is $14.02 and its 200 day moving average price is $14.64.

TDK (OTCMKTS:TTDKY) last released its earnings results on Monday, February 2nd. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. TDK had a net margin of 7.85% and a return on equity of 9.83%. The firm had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $612.08 billion. TDK has set its FY 2026 guidance at 0.650-0.650 EPS. On average, analysts expect that TDK Corp. will post 0.61 EPS for the current fiscal year.

TDK Company Profile

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.