Zacks Investment Research downgraded shares of Kyocera Corporation (NYSE:KYO) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

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. “

Other analysts also recently issued reports about the company. BidaskClub upgraded Kyocera Corporation from a strong sell rating to a sell rating in a report on Tuesday, August 1st. Mizuho upgraded Kyocera Corporation from a neutral rating to a buy rating in a report on Tuesday, June 13th.

Kyocera Corporation (NYSE KYO) traded up 1.16% on Wednesday, reaching $62.17. The company had a trading volume of 6,095 shares. Kyocera Corporation has a 52-week low of $46.98 and a 52-week high of $63.29. The firm has a market capitalization of $22.86 billion, a price-to-earnings ratio of 20.39 and a beta of 0.53. The stock’s 50-day moving average price is $60.80 and its 200 day moving average price is $58.22.

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

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its position in Kyocera Corporation by 5.4% in the 2nd quarter. Parallel Advisors LLC now owns 1,637 shares of the electronics maker’s stock valued at $100,000 after buying an additional 84 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Kyocera Corporation by 65.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,015 shares of the electronics maker’s stock valued at $113,000 after buying an additional 795 shares during the last quarter. Bessemer Group Inc. boosted its position in Kyocera Corporation by 142.8% in the 2nd quarter. Bessemer Group Inc. now owns 3,261 shares of the electronics maker’s stock valued at $190,000 after buying an additional 1,918 shares during the last quarter. HPM Partners LLC boosted its position in Kyocera Corporation by 159.7% in the 2nd quarter. HPM Partners LLC now owns 12,465 shares of the electronics maker’s stock valued at $207,000 after buying an additional 7,666 shares during the last quarter. Finally, Greenleaf Trust purchased a new position in Kyocera Corporation in the 2nd quarter valued at about $212,000. Hedge funds and other 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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