Kyocera Corp (KYO) Rating Lowered to Sell at Zacks Investment Research

Kyocera Corp (NYSE:KYO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday.

According to Zacks, “Kyocera Corporation was founded in 1959 as a company specializing in the production of fine ceramic components, Kyocera has expanded its business by effectively developing and applying its ceramics technologies. The company has grown to be a world-leading manufacturer of ceramics, including custom parts and consumer products. Kyocera’s materials, components, and finished products are used in virtually all fields of industry. In addition to ceramics, products also include information, tele-communications, and Optical equipment. “

Shares of Kyocera Corp (NYSE:KYO) opened at 56.36 on Friday. The company has a market capitalization of $20.72 billion, a price-to-earnings ratio of 19.67 and a beta of 0.73. Kyocera Corp has a 1-year low of $41.23 and a 1-year high of $56.74. The stock has a 50 day moving average price of $55.02 and a 200 day moving average price of $50.50.

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A number of large investors have recently bought and sold shares of KYO. Wetherby Asset Management Inc. raised its stake in Kyocera Corp by 14.7% in the fourth quarter. Wetherby Asset Management Inc. now owns 6,696 shares of the company’s stock valued at $333,000 after buying an additional 860 shares during the period. US Bancorp DE raised its stake in Kyocera Corp by 83.1% in the third quarter. US Bancorp DE now owns 10,483 shares of the company’s stock valued at $504,000 after buying an additional 4,758 shares during the period. Comerica Bank raised its stake in Kyocera Corp by 12.5% in the fourth quarter. Comerica Bank now owns 21,983 shares of the company’s stock valued at $1,110,000 after buying an additional 2,442 shares during the period. World Asset Management Inc raised its stake in Kyocera Corp by 8.1% in the third quarter. World Asset Management Inc now owns 25,251 shares of the company’s stock valued at $1,215,000 after buying an additional 1,882 shares during the period. Finally, Capstone Asset Management Co. raised its stake in Kyocera Corp by 5.1% in the third quarter. Capstone Asset Management Co. now owns 36,565 shares of the company’s stock valued at $1,760,000 after buying an additional 1,770 shares during the period. Institutional investors own 0.45% of the company’s stock.

About Kyocera Corp

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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