Kyocera Corp (NYSE:KYO) was upgraded by Zacks Investment Research from a “sell” rating to a “strong-buy” rating in a research note issued on Tuesday. The brokerage currently has a $65.00 price objective on the electronics maker’s stock. Zacks Investment Research’s price target points to a potential upside of 18.66% from the company’s current price.

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. “

Kyocera Corp (NYSE:KYO) opened at 54.78 on Tuesday. The company’s 50-day moving average price is $55.69 and its 200-day moving average price is $51.76. The firm has a market cap of $20.14 billion, a price-to-earnings ratio of 18.54 and a beta of 0.73. Kyocera Corp has a one year low of $46.36 and a one year high of $61.50.

Kyocera Corp (NYSE:KYO) last issued its earnings results on Tuesday, January 31st. The electronics maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.59 by $0.30. The company earned $3.39 billion during the quarter. Kyocera Corp had a net margin of 8.51% and a return on equity of 5.13%. On average, analysts anticipate that Kyocera Corp will post $2.18 EPS for the current year.

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Hedge funds have recently modified their holdings of the stock. Capstone Asset Management Co. boosted its stake in Kyocera Corp 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. Wetherby Asset Management Inc. boosted its stake in Kyocera Corp by 14.7% in the fourth quarter. Wetherby Asset Management Inc. now owns 6,696 shares of the electronics maker’s stock worth $333,000 after buying an additional 860 shares in the last quarter. Comerica Bank boosted its stake in Kyocera Corp by 12.5% in the fourth quarter. Comerica Bank now owns 21,983 shares of the electronics maker’s stock worth $1,110,000 after buying an additional 2,442 shares in the last quarter. US Bancorp DE boosted its stake in Kyocera Corp by 83.1% in the third quarter. US Bancorp DE now owns 10,483 shares of the electronics maker’s stock worth $504,000 after buying an additional 4,758 shares in the last quarter. Finally, Aperio Group LLC boosted its stake in Kyocera Corp by 5.0% in the third quarter. Aperio Group LLC now owns 146,416 shares of the electronics maker’s stock worth $7,047,000 after buying an additional 7,017 shares in the last quarter. Institutional investors own 0.45% of the company’s stock.

About Kyocera Corp

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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