Kyocera (KYO) Downgraded by ValuEngine to “Hold”

ValuEngine lowered shares of Kyocera (NYSE:KYO) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

Separately, Zacks Investment Research lowered shares of Kyocera from a buy rating to a hold rating in a research note on Wednesday, September 13th.

Kyocera (NYSE:KYO) traded down $0.72 during mid-day trading on Friday, hitting $69.96. 4,998 shares of the stock traded hands, compared to its average volume of 11,094. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.93 and a current ratio of 3.88. Kyocera has a twelve month low of $47.08 and a twelve month high of $71.92. The stock has a market cap of $26,310.00, a price-to-earnings ratio of 22.16, a P/E/G ratio of 5.32 and a beta of 0.59.

A number of institutional investors have recently modified their holdings of KYO. Parallel Advisors LLC lifted its stake in Kyocera by 5.4% in the 2nd quarter. Parallel Advisors LLC now owns 1,637 shares of the electronics maker’s stock valued at $100,000 after buying an additional 84 shares in the last quarter. Knowledge Leaders Capital LLC lifted its stake in Kyocera by 120.6% in the 3rd quarter. Knowledge Leaders Capital LLC now owns 1,608 shares of the electronics maker’s stock valued at $100,000 after buying an additional 879 shares in the last quarter. PNC Financial Services Group Inc. lifted 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 in the last quarter. Bessemer Group Inc. lifted its stake in Kyocera by 142.8% in the 2nd quarter. Bessemer Group Inc. now owns 3,261 shares of the electronics maker’s stock valued at $190,000 after buying an additional 1,918 shares in the last quarter. Finally, HPM Partners LLC lifted 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 in the last quarter. 0.57% of the stock is currently owned by hedge funds and other institutional investors.

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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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