TDK Corp. (OTCMKTS:TTDKY – Get Free Report)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $22.55, but opened at $24.15. TDK shares last traded at $23.9050, with a volume of 19,341 shares.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of TDK from a “hold” rating to a “buy” rating in a research report on Wednesday, February 4th. Nomura upgraded shares of TDK to a “strong-buy” rating in a research report on Tuesday, February 3rd. Finally, Zacks Research downgraded shares of TDK from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.
Read Our Latest Stock Analysis on TDK
TDK Stock Performance
TDK (OTCMKTS:TTDKY – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.05). The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.83 billion. TDK had a net margin of 7.87% and a return on equity of 10.01%. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. As a group, sell-side analysts anticipate that TDK Corp. will post 0.76 EPS for the current fiscal year.
About TDK
TDK Corporation, founded in Japan in 1935, is a multinational electronics company that develops, manufactures and sells a broad range of electronic materials, components and systems. The company traces its origins to work on ferrite materials for magnetic applications and has since expanded into multiple product lines that serve the electronics industry worldwide. TDK is headquartered in Tokyo and operates through a network of manufacturing, research and sales facilities across Asia, Europe and the Americas.
TDK’s product portfolio includes passive components such as multilayer ceramic capacitors (MLCCs), film capacitors, inductors and ferrite cores; magnetic heads and related magnetic materials; sensor and sensor systems including MEMS-based motion sensors and other sensing devices; and power electronics including power supplies and modules.
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