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

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

Analyst Ratings Changes

TTDKY has been the topic of several recent analyst reports. Wall Street Zen upgraded TDK from a “hold” rating to a “buy” rating in a research note on Wednesday, February 4th. Zacks Research downgraded TDK from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Finally, Nomura raised TDK to a “strong-buy” rating in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

TDK Price Performance

The company has a market capitalization of $45.08 billion, a price-to-earnings ratio of 33.61, a P/E/G ratio of 1.79 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.18 and a current ratio of 1.53. The business has a 50 day moving average price of $16.10 and a 200-day moving average price of $15.11.

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