TDK (OTCMKTS:TTDKY) Shares Gap Up – Should You Buy?

TDK Corp. (OTCMKTS:TTDKY) shares 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 traded.

Wall Street Analysts Forecast Growth

TTDKY has been the topic of several recent research reports. Wall Street Zen raised shares of TDK from a “hold” rating to a “buy” rating in a research note on Wednesday, February 4th. Zacks Research cut shares of TDK from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Finally, Nomura raised shares of TDK to a “strong-buy” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

TDK Stock Performance

The firm’s fifty day simple moving average is $16.29 and its 200 day simple moving average is $15.16. The company has a market capitalization of $46.94 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 1.96 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.53 and a quick ratio of 1.18.

TDK (OTCMKTS:TTDKY) last announced 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 during the quarter, compared to analyst estimates of $3.83 billion. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. On average, sell-side analysts forecast that TDK Corp. 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.