Zacks Investment Research upgraded shares of TDK Corp. (OTCMKTS:TTDKY) from a sell rating to a hold rating in a research report report published on Thursday morning.

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 TDK Corp. (OTCMKTS TTDKY) opened at 67.65 on Thursday. TDK Corp. has a 12-month low of $59.26 and a 12-month high of $74.80. The stock has a 50 day moving average of $69.60 and a 200-day moving average of $65.76. The company has a market capitalization of $8.54 billion, a P/E ratio of 6.55 and a beta of 1.07.

TDK Corp. (OTCMKTS:TTDKY) last released its quarterly earnings data on Friday, July 28th. The technology company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.58 by $0.19. The business had revenue of $2.59 billion for the quarter. TDK Corp. had a net margin of 11.84% and a return on equity of 19.66%. Equities research analysts forecast that TDK Corp. will post $2.98 EPS for the current year.

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About TDK Corp.

TDK Corporation is an electronic component manufacturer. The Company’s segments include Passive Components, Magnetic Application Products, Film Application Products and Other. The Passive Components segment includes the capacitors business, consisting of ceramic capacitors, aluminum electrolytic capacitors, and film capacitors, and the inductive devices business with coils and other passive components, including piezoelectric material components, circuit protection devices and sensors.

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