Comerica Bank Has $1.18 Million Holdings in Kyocera Corporation (KYO)

Comerica Bank lowered its stake in shares of Kyocera Corporation (NYSE:KYO) by 7.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,601 shares of the electronics maker’s stock after selling 1,679 shares during the period. Comerica Bank’s holdings in Kyocera Corporation were worth $1,176,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of KYO. Bank of New York Mellon Corp lifted its holdings in Kyocera Corporation by 12.7% during the first quarter. Bank of New York Mellon Corp now owns 18,141 shares of the electronics maker’s stock worth $1,018,000 after buying an additional 2,049 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in Kyocera Corporation by 26.3% during the first quarter. Parametric Portfolio Associates LLC now owns 279,445 shares of the electronics maker’s stock worth $15,685,000 after buying an additional 58,196 shares during the period. Stifel Financial Corp purchased a new stake in Kyocera Corporation during the first quarter worth $229,000. Stratos Wealth Partners LTD. purchased a new stake in Kyocera Corporation during the first quarter worth $901,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Kyocera Corporation by 65.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,015 shares of the electronics maker’s stock worth $113,000 after buying an additional 795 shares during the period. Institutional investors own 0.54% of the company’s stock.

A number of analysts have weighed in on KYO shares. Zacks Investment Research upgraded Kyocera Corporation from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Friday, June 9th. Mizuho upgraded Kyocera Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, BidaskClub upgraded Kyocera Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 1st.

TRADEMARK VIOLATION WARNING: “Comerica Bank Has $1.18 Million Holdings in Kyocera Corporation (KYO)” was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://www.chaffeybreeze.com/2017/09/17/comerica-bank-has-1-18-million-holdings-in-kyocera-corporation-kyo.html.

Shares of Kyocera Corporation (NYSE:KYO) opened at 62.61 on Friday. The stock has a market cap of $23.02 billion, a price-to-earnings ratio of 20.63 and a beta of 0.53. Kyocera Corporation has a 12-month low of $46.98 and a 12-month high of $62.61. The firm’s 50-day moving average price is $60.71 and its 200-day moving average price is $58.09.

Kyocera Corporation (NYSE:KYO) last issued its quarterly earnings results on Friday, July 28th. The electronics maker reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.25. Kyocera Corporation had a net margin of 8.34% and a return on equity of 4.96%. The company had revenue of $3.11 billion during the quarter. On average, analysts forecast that Kyocera Corporation will post $2.18 EPS for the current fiscal year.

About Kyocera Corporation

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.

Institutional Ownership by Quarter for Kyocera Corporation (NYSE:KYO)

Receive News & Ratings for Kyocera Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kyocera Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply