ValuEngine Lowers Kyocera (KYO) to Hold

ValuEngine downgraded shares of Kyocera (NYSE:KYO) from a buy rating to a hold rating in a report published on Friday morning.

Separately, Zacks Investment Research cut Kyocera from a strong-buy rating to a hold rating in a report on Wednesday, August 9th.

Kyocera (NYSE KYO) traded down $0.72 on Friday, hitting $69.96. The company had a trading volume of 4,900 shares, compared to its average volume of 13,354. The firm has a market cap of $25,725.27, a PE ratio of 21.93, a P/E/G ratio of 5.26 and a beta of 0.60. The company has a current ratio of 3.88, a quick ratio of 2.93 and a debt-to-equity ratio of 0.01. Kyocera has a 1-year low of $47.08 and a 1-year high of $71.92.

Large investors have recently made changes to their positions in the business. Parallel Advisors LLC grew its holdings in Kyocera by 5.4% during 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 during the last quarter. Knowledge Leaders Capital LLC grew its holdings in Kyocera by 120.6% during 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 during the last quarter. PNC Financial Services Group Inc. grew its holdings in Kyocera by 29.7% during 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 during the last quarter. Bessemer Group Inc. grew its holdings in Kyocera by 142.8% during 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 during the last quarter. Finally, HPM Partners LLC grew its holdings in Kyocera by 159.7% during 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 during the last quarter. Hedge funds and other institutional investors own 0.57% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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