Kyocera Corp. (KYO) Stock Rating Upgraded by Zacks Investment Research
Kyocera Corp. (NYSE:KYO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The brokerage presently has a $54.00 price objective on the stock. Zacks Investment Research’s price objective indicates a potential upside of 11.69% from the stock’s previous close.
According to Zacks, “Kyocera Corporation was founded in 1959 as a company specializing in the production of fine ceramic components, Kyocera has expanded its business by effectively developing and applying its ceramics technologies. The company has grown to be a world-leading manufacturer of ceramics, including custom parts and consumer products. Kyocera’s materials, components, and finished products are used in virtually all fields of industry. In addition to ceramics, products also include information, tele-communications, and Optical equipment. “
Separately, BNP Paribas raised shares of Kyocera Corp. from a “reduce” rating to a “hold” rating in a report on Thursday, September 8th.
Shares of Kyocera Corp. (NYSE:KYO) opened at 48.35 on Friday. Kyocera Corp. has a one year low of $38.01 and a one year high of $50.93. The firm has a 50-day moving average of $47.80 and a 200-day moving average of $47.99. The company has a market cap of $17.74 billion, a price-to-earnings ratio of 19.03 and a beta of 0.75.
Large investors have recently added to or reduced their stakes in the stock. Wetherby Asset Management Inc. increased its stake in Kyocera Corp. by 4.8% in the second quarter. Wetherby Asset Management Inc. now owns 5,884 shares of the company’s stock worth $281,000 after buying an additional 270 shares during the last quarter. US Bancorp DE increased its stake in Kyocera Corp. by 2.5% in the second quarter. US Bancorp DE now owns 5,725 shares of the company’s stock worth $272,000 after buying an additional 142 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Kyocera Corp. by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 136,074 shares of the company’s stock worth $6,485,000 after buying an additional 2,600 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Kyocera Corp. by 6.4% in the second quarter. JPMorgan Chase & Co. now owns 17,034 shares of the company’s stock worth $812,000 after buying an additional 1,028 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its stake in Kyocera Corp. by 25,652.0% in the second quarter. Glenmede Trust Co. NA now owns 45,581 shares of the company’s stock worth $2,170,000 after buying an additional 45,404 shares during the last quarter. 0.45% of the stock is currently owned by institutional investors.
Kyocera Corp. Company Profile
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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