Comerica Bank boosted its stake in shares of Kyocera Corp (NYSE:KYO) by 12.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,983 shares of the electronics maker’s stock after buying an additional 2,442 shares during the period. Comerica Bank’s holdings in Kyocera Corp were worth $1,110,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in KYO. US Bancorp DE increased its stake in Kyocera Corp by 83.1% in the third quarter. US Bancorp DE now owns 10,483 shares of the electronics maker’s stock valued at $504,000 after buying an additional 4,758 shares in the last quarter. Aperio Group LLC boosted its position in shares of Kyocera Corp by 5.0% in the third quarter. Aperio Group LLC now owns 146,416 shares of the electronics maker’s stock valued at $7,047,000 after buying an additional 7,017 shares during the last quarter. World Asset Management Inc boosted its position in shares of Kyocera Corp by 8.1% in the third quarter. World Asset Management Inc now owns 25,251 shares of the electronics maker’s stock valued at $1,215,000 after buying an additional 1,882 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its position in shares of Kyocera Corp by 5.1% in the third quarter. Capstone Asset Management Co. now owns 36,565 shares of the electronics maker’s stock valued at $1,760,000 after buying an additional 1,770 shares during the last quarter. 0.45% of the stock is currently owned by hedge funds and other institutional investors.
Kyocera Corp (NYSE:KYO) traded down 0.188% during midday trading on Friday, hitting $54.677. 9,805 shares of the stock were exchanged. Kyocera Corp has a 1-year low of $46.36 and a 1-year high of $61.50. The firm has a market capitalization of $20.11 billion, a P/E ratio of 18.503 and a beta of 0.73. The firm’s 50-day moving average price is $55.69 and its 200 day moving average price is $51.76.
Kyocera Corp (NYSE:KYO) last released its quarterly earnings results on Tuesday, January 31st. The electronics maker reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.30. The company had revenue of $3.39 billion for the quarter. Kyocera Corp had a net margin of 8.51% and a return on equity of 5.13%. Analysts expect that Kyocera Corp will post $2.18 earnings per share for the current fiscal year.
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Separately, Zacks Investment Research upgraded Kyocera Corp from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 7th.
Kyocera Corp Company Profile
Kyocera Corporation is engaged in various fields, from fine ceramic components to electronic devices, equipment, services and networks. The Company operates through seven segments: Fine Ceramic Parts Group, Semiconductor Parts Group, Applied Ceramic Products Group, Electronic Device Group, Telecommunications Equipment Group, Information Equipment Group and Others.
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