TDK (OTCMKTS:TTDKY) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of TDK (OTCMKTS:TTDKY) from a buy rating to a hold rating in a report released on Tuesday, reports.

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 TTDKY stock opened at $81.11 on Tuesday. The company has a market cap of $9.80 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 1.49 and a beta of 1.65. TDK has a twelve month low of $64.66 and a twelve month high of $114.00. The stock’s fifty day moving average price is $76.44.

TDK (OTCMKTS:TTDKY) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. TDK had a return on equity of 9.69% and a net margin of 5.94%. The firm had revenue of $3.12 billion for the quarter. As a group, equities analysts expect that TDK will post 6.12 EPS for the current year.

TDK Company Profile

TDK Corporation, together with its subsidiaries, manufactures and sells electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Components, Sensor Application Products, Magnetic Application Products, Film Application Products, and Other segments.

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