Published On: Wed, Sep 14th, 2016

Zacks Investment Research Upgrades Kyocera Corp. (KYO) to “Hold”

Kyocera Corp. (NYSE:KYO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
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. “
Separately, BNP Paribas upgraded shares of Kyocera Corp. from a “reduce” rating to a “hold” rating in a report on Thursday, September 8th.

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Kyocera Corp. (NYSE:KYO) traded down 1.07% on Tuesday, hitting $48.11. 4,098 shares of the stock traded hands. Kyocera Corp. has a 52 week low of $38.01 and a 52 week high of $50.93. The firm has a market capitalization of $17.65 billion, a PE ratio of 19.21 and a beta of 0.80. The stock has a 50 day moving average of $48.05 and a 200 day moving average of $47.57.
A number of large investors have recently bought and sold shares of KYO. US Bancorp DE boosted its stake in Kyocera Corp. by 2.5% in the second quarter. US Bancorp DE now owns 5,725 shares of the company’s stock worth $272,000 after buying an additional 142 shares during the last quarter. Wetherby Asset Management Inc. raised its position in Kyocera Corp. by 4.8% in the second quarter. Wetherby Asset Management Inc. now owns 5,884 shares of the company’s stock worth $281,000 after buying an additional 270 shares during the period. Checchi Capital Advisers LLC raised its position in Kyocera Corp. by 13.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,966 shares of the company’s stock worth $141,000 after buying an additional 341 shares during the period. JPMorgan Chase & Co. raised its position in Kyocera Corp. by 6.4% in the second quarter. JPMorgan Chase & Co. now owns 17,034 shares of the company’s stock worth $812,000 after buying an additional 1,028 shares during the period. Finally, Stifel Financial Corp raised its position in Kyocera Corp. by 24.3% in the second quarter. Stifel Financial Corp now owns 5,884 shares of the company’s stock worth $280,000 after buying an additional 1,150 shares during the period. Institutional investors and hedge funds own 0.45% of the company’s stock.
Kyocera Corp. 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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