TDK (OTCMKTS:TTDKY) Hits New 12-Month High – Time to Buy?

TDK Corp. (OTCMKTS:TTDKY)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $20.00 and last traded at $19.5950, with a volume of 24338 shares. The stock had previously closed at $18.80.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TTDKY. Wall Street Zen raised TDK from a “hold” rating to a “buy” rating in a report on Wednesday, February 4th. Nomura raised TDK to a “strong-buy” rating in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

TDK Stock Performance

The stock has a market capitalization of $38.07 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 1.42 and a beta of 1.14. The company’s 50-day simple moving average is $14.93 and its 200-day simple moving average is $14.93. The company has a current ratio of 1.53, a quick ratio of 1.18 and a debt-to-equity ratio of 0.16.

TDK (OTCMKTS:TTDKY) last posted its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). The company had revenue of $4.05 billion during the quarter, compared to analyst estimates 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. On average, analysts expect that TDK Corp. will post 0.76 EPS 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.