Zacks Research upgraded shares of TDK (OTCMKTS:TTDKY – Free Report) from a strong sell rating to a hold rating in a report published on Monday,Zacks.com reports.
Other research analysts also recently issued reports about the company. Nomura upgraded TDK to a “strong-buy” rating in a research note on Tuesday, February 3rd. Wall Street Zen upgraded TDK from a “hold” rating to a “buy” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.
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TDK Trading Down 5.9%
TDK (OTCMKTS:TTDKY – Get Free Report) last announced its earnings results 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). TDK had a net margin of 7.87% and a return on equity of 10.01%. The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.83 billion. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. On average, research analysts predict that TDK will post 0.76 EPS for the current year.
TDK Company Profile
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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