Kyocera Corporation (NYSE:KYO) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday.
Several other analysts have also weighed in on the stock. Mizuho raised shares of Kyocera Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday, June 13th. Zacks Investment Research raised shares of Kyocera Corporation from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Friday, June 9th.
Kyocera Corporation (NYSE:KYO) traded up 0.68% during trading on Tuesday, hitting $58.10. The stock had a trading volume of 6,183 shares. The company has a market cap of $21.18 billion, a PE ratio of 23.11 and a beta of 0.53. Kyocera Corporation has a 52 week low of $46.37 and a 52 week high of $61.50. The stock has a 50-day moving average price of $58.00 and a 200-day moving average price of $56.18.
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Hedge funds have recently modified their holdings of the stock. Wetherby Asset Management Inc. raised its stake in shares of Kyocera Corporation by 13.6% in the first quarter. Wetherby Asset Management Inc. now owns 7,607 shares of the electronics maker’s stock worth $427,000 after buying an additional 911 shares in the last quarter. World Asset Management Inc raised its stake in shares of Kyocera Corporation by 1.3% in the first quarter. World Asset Management Inc now owns 23,526 shares of the electronics maker’s stock worth $1,321,000 after buying an additional 294 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Kyocera Corporation by 26.3% in the first quarter. Parametric Portfolio Associates LLC now owns 279,445 shares of the electronics maker’s stock worth $15,685,000 after buying an additional 58,196 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of Kyocera Corporation by 8.2% in the first quarter. Capstone Asset Management Co. now owns 39,385 shares of the electronics maker’s stock worth $2,211,000 after buying an additional 3,000 shares in the last quarter. Finally, Comerica Bank raised its stake in shares of Kyocera Corporation by 1.4% in the first quarter. Comerica Bank now owns 22,280 shares of the electronics maker’s stock worth $1,267,000 after buying an additional 297 shares in the last quarter. 0.56% of the stock is owned by institutional investors and hedge funds.
About Kyocera Corporation
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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