Kyocera Corporation (KYO) Reaches New 1-Year High at $63.01

Kyocera Corporation (NYSE:KYO) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $63.01 and last traded at $63.04, with a volume of 5,723 shares traded. The stock had previously closed at $62.53.

Several brokerages have issued reports on KYO. Zacks Investment Research downgraded Kyocera Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub upgraded Kyocera Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Mizuho upgraded Kyocera Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday, June 13th.

The stock has a 50 day moving average of $60.80 and a 200 day moving average of $58.22. The firm has a market capitalization of $23.26 billion, a P/E ratio of 20.84 and a beta of 0.53.

Kyocera Corporation (NYSE:KYO) last posted its quarterly earnings data on Friday, July 28th. The electronics maker reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ 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. Analysts predict that Kyocera Corporation will post $2.18 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its position in Kyocera Corporation by 2.6% in the 2nd quarter. Renaissance Technologies LLC now owns 549,600 shares of the electronics maker’s stock valued at $32,025,000 after buying an additional 13,910 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Kyocera Corporation 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 in the last quarter. Aperio Group LLC increased its position in Kyocera Corporation by 28.7% in the 2nd quarter. Aperio Group LLC now owns 182,091 shares of the electronics maker’s stock valued at $10,610,000 after buying an additional 40,565 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Kyocera Corporation by 9.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 74,527 shares of the electronics maker’s stock valued at $4,343,000 after buying an additional 6,558 shares in the last quarter. Finally, Highland Capital Management LLC increased its position in Kyocera Corporation by 3.8% in the 2nd quarter. Highland Capital Management LLC now owns 64,204 shares of the electronics maker’s stock valued at $3,741,000 after buying an additional 2,330 shares in the last quarter. 0.54% of the stock is owned by institutional investors and hedge funds.

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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.

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