TDK (OTCMKTS:TTDKY) Reaches New 1-Year High – Should You Buy?

Shares of TDK Corp. (OTCMKTS:TTDKY) hit a new 52-week high on Thursday . The company traded as high as $20.05 and last traded at $20.05, with a volume of 59500 shares trading hands. The stock had previously closed at $19.15.

Analyst Ratings Changes

A number of brokerages have commented on TTDKY. Zacks Research downgraded shares of TDK from a “hold” rating to a “strong sell” rating in a report on Tuesday. Nomura upgraded shares of TDK to a “strong-buy” rating in a report on Tuesday, February 3rd. Finally, Wall Street Zen raised shares of TDK from a “hold” rating to a “buy” rating in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

TDK Stock Up 4.6%

The firm has a market capitalization of $38.94 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 1.59 and a beta of 1.14. 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 company’s 50 day moving average price is $15.48 and its 200 day moving average price is $15.00.

TDK (OTCMKTS:TTDKY) last released its earnings results on Tuesday, April 28th. The technology company reported $0.05 earnings per share (EPS) 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 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. As a group, research analysts forecast that TDK Corp. will post 0.76 earnings per share for the current fiscal 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.