Zacks Research Downgrades TDK (OTCMKTS:TTDKY) to Strong Sell

TDK (OTCMKTS:TTDKY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other equities analysts have also recently commented on TTDKY. Wall Street Zen raised shares of TDK from a “hold” rating to a “buy” rating in a research report on Wednesday, February 4th. Nomura raised shares of TDK to a “strong-buy” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

TDK Price Performance

TDK stock opened at $19.15 on Tuesday. TDK has a 52 week low of $10.14 and a 52 week high of $20.00. The company’s 50 day moving average price is $15.48 and its two-hundred day moving average price is $15.00. The company has a quick ratio of 1.18, a current ratio of 1.53 and a debt-to-equity ratio of 0.16. The stock has a market cap of $37.22 billion, a P/E ratio of 27.75, a P/E/G ratio of 1.59 and a beta of 1.14.

TDK (OTCMKTS:TTDKY) last posted its earnings results on Tuesday, April 28th. The technology company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05). TDK had a return on equity of 10.01% and a net margin of 7.87%.The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.83 billion. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. On average, equities analysts predict that TDK will post 0.76 earnings per share for the current 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.