Kyocera Corporation (KYO) Lifted to Sell at BidaskClub

BidaskClub upgraded shares of Kyocera Corporation (NYSE:KYO) from a strong sell rating to a sell rating in a report issued on Tuesday.

Several other equities research analysts have also recently commented on KYO. Zacks Investment Research raised Kyocera Corporation from a hold rating to a buy rating and set a $67.00 target price for the company in a research note on Friday, June 9th. Mizuho raised Kyocera Corporation from a neutral rating to a buy rating in a research note on Tuesday, June 13th.

Shares of Kyocera Corporation (NYSE:KYO) traded down 0.61% during mid-day trading on Tuesday, hitting $60.46. The stock had a trading volume of 6,743 shares. Kyocera Corporation has a 12-month low of $46.37 and a 12-month high of $61.50. The firm’s 50-day moving average price is $58.16 and its 200 day moving average price is $56.50. The stock has a market cap of $22.23 billion, a price-to-earnings ratio of 20.50 and a beta of 0.54.

Kyocera Corporation (NYSE:KYO) last released its quarterly earnings results on Friday, July 28th. The electronics maker reported $0.86 earnings per share for the quarter, beating the Zacks’ 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. Equities analysts forecast that Kyocera Corporation will post $2.18 EPS for the current fiscal year.

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The company also recently announced a None dividend, which was paid on Thursday, July 6th. Stockholders of record on Friday, March 31st were paid a $0.474 dividend. The ex-dividend date was Wednesday, March 29th. Kyocera Corporation’s dividend payout ratio (DPR) is currently 28.29%.

Large investors have recently added to or reduced their stakes in the stock. Capstone Asset Management Co. boosted its stake in Kyocera Corporation by 8.2% in the first quarter. Capstone Asset Management Co. now owns 39,385 shares of the electronics maker’s stock valued at $2,211,000 after buying an additional 3,000 shares during the period. Wetherby Asset Management Inc. boosted its stake in Kyocera Corporation by 13.6% in the first quarter. Wetherby Asset Management Inc. now owns 7,607 shares of the electronics maker’s stock valued at $427,000 after buying an additional 911 shares during the period. HPM Partners LLC purchased a new stake in Kyocera Corporation during the first quarter valued at approximately $269,000. Wellington Shields Capital Management LLC purchased a new stake in Kyocera Corporation during the first quarter valued at approximately $1,238,000. Finally, Bank of New York Mellon Corp boosted 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 period. 0.57% of the stock is owned by institutional investors.

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.