Zacks Investment Research upgraded shares of Kyocera (NYSE:KYO) from a hold rating to a buy rating in a report released on Wednesday, January 3rd. Zacks Investment Research currently has $73.00 target price on the electronics maker’s stock.

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. “

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Separately, ValuEngine lowered shares of Kyocera from a buy rating to a hold rating in a report on Friday, December 1st.

Kyocera (NYSE KYO) opened at $68.04 on Wednesday. Kyocera has a 52 week low of $51.82 and a 52 week high of $71.92. The stock has a market cap of $25,450.00, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 5.18 and a beta of 0.61. The company has a quick ratio of 2.93, a current ratio of 3.88 and a debt-to-equity ratio of 0.01.

Kyocera (NYSE:KYO) last announced its quarterly earnings data on Monday, October 30th. The electronics maker reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $3.54 billion for the quarter. Kyocera had a net margin of 8.57% and a return on equity of 5.24%. equities research analysts predict that Kyocera will post 3.06 EPS for the current year.

Several large investors have recently modified their holdings of KYO. Bank of New York Mellon Corp raised its holdings in shares of Kyocera by 4.2% during the second quarter. Bank of New York Mellon Corp now owns 18,906 shares of the electronics maker’s stock worth $1,102,000 after acquiring an additional 765 shares during the period. Wells Fargo & Company MN increased its stake in Kyocera by 2,254.3% in the 2nd quarter. Wells Fargo & Company MN now owns 23,684 shares of the electronics maker’s stock valued at $1,381,000 after buying an additional 22,678 shares during the last quarter. HPM Partners LLC increased its stake in Kyocera 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. PNC Financial Services Group Inc. increased its stake in Kyocera by 29.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,613 shares of the electronics maker’s stock valued at $152,000 after buying an additional 598 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Kyocera by 12.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 313,139 shares of the electronics maker’s stock valued at $18,247,000 after buying an additional 33,694 shares during the last quarter. Institutional investors and hedge funds own 0.55% of the company’s stock.

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Kyocera 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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