Zacks Investment Research lowered shares of Kyocera Corporation (NYSE:KYO) from a buy rating to a hold rating in a report released on Wednesday morning.

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. “

Several other equities research analysts have also recently weighed in on the company. BidaskClub upgraded Kyocera Corporation from a strong sell rating to a sell rating in a research note on Tuesday, August 1st. Mizuho upgraded Kyocera Corporation from a neutral rating to a buy rating in a research note on Tuesday, June 13th.

Kyocera Corporation (NYSE:KYO) opened at 62.61 on Wednesday. Kyocera Corporation has a 12-month low of $46.98 and a 12-month high of $62.61. The firm has a market cap of $23.02 billion, a P/E ratio of 20.63 and a beta of 0.53. The stock’s 50 day moving average is $60.71 and its 200 day moving average is $58.09.

Kyocera Corporation (NYSE:KYO) last posted its earnings results on Friday, July 28th. The electronics maker reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.25. The firm had revenue of $3.11 billion during the quarter. Kyocera Corporation had a return on equity of 4.96% and a net margin of 8.34%. On average, equities research analysts expect that Kyocera Corporation will post $2.18 EPS for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of KYO. Bank of New York Mellon Corp lifted its stake in Kyocera Corporation by 12.7% in the first quarter. Bank of New York Mellon Corp now owns 18,141 shares of the electronics maker’s stock valued at $1,018,000 after buying an additional 2,049 shares during the last quarter. Comerica Bank lifted its stake in Kyocera Corporation by 1.4% in the first quarter. Comerica Bank now owns 22,280 shares of the electronics maker’s stock valued at $1,267,000 after buying an additional 297 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in Kyocera Corporation by 26.3% in the first quarter. Parametric Portfolio Associates LLC now owns 279,445 shares of the electronics maker’s stock valued at $15,685,000 after buying an additional 58,196 shares during the last quarter. Stifel Financial Corp purchased a new stake in Kyocera Corporation in the first quarter valued at approximately $229,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in Kyocera Corporation in the first quarter valued at approximately $901,000. Institutional investors own 0.54% of the company’s stock.

Kyocera Corporation 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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