Whittier Trust Co. of Nevada Inc. Invests $431,000 in Kyocera Corp (KYO)
Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Kyocera Corp (NYSE:KYO) during the 4th quarter, HoldingsChannel reports. The fund acquired 6,584 shares of the electronics maker’s stock, valued at approximately $431,000.
Other hedge funds also recently made changes to their positions in the company. Knowledge Leaders Capital LLC lifted its holdings in shares of Kyocera by 120.6% during the 3rd quarter. Knowledge Leaders Capital LLC now owns 1,608 shares of the electronics maker’s stock worth $100,000 after acquiring an additional 879 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Kyocera by 29.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,613 shares of the electronics maker’s stock worth $152,000 after acquiring an additional 598 shares during the period. Checchi Capital Advisers LLC purchased a new position in shares of Kyocera during the 4th quarter worth about $210,000. Eqis Capital Management Inc. purchased a new position in shares of Kyocera during the 3rd quarter worth about $254,000. Finally, Jolley Asset Management LLC purchased a new position in shares of Kyocera during the 4th quarter worth about $524,000. Institutional investors and hedge funds own 0.58% of the company’s stock.
A number of research firms recently issued reports on KYO. Macquarie raised shares of Kyocera from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 1st. Zacks Investment Research downgraded shares of Kyocera from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, ValuEngine downgraded shares of Kyocera from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $73.00.
Kyocera (NYSE:KYO) last posted its earnings results on Thursday, February 1st. The electronics maker reported $0.70 earnings per share (EPS) for the quarter. The firm had revenue of $3.60 billion during the quarter. Kyocera had a net margin of 7.94% and a return on equity of 4.94%. analysts expect that Kyocera Corp will post 2.64 earnings per share for the current year.
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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