TDK (OTCMKTS:TTDKY) Reaches New 52-Week High – Here’s What Happened

TDK Corp. (OTCMKTS:TTDKY)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $23.20 and last traded at $23.19, with a volume of 345656 shares trading hands. The stock had previously closed at $21.23.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wall Street Zen raised TDK from a “hold” rating to a “buy” rating in a research report on Wednesday, February 4th. Zacks Research lowered TDK from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Finally, Nomura raised TDK to a “strong-buy” rating in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

TDK Price Performance

The company has a current ratio of 1.53, a quick ratio of 1.18 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $16.10 and a 200 day simple moving average of $15.11. The stock has a market capitalization of $45.08 billion, a P/E ratio of 33.61, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14.

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