Zacks Investment Research cut shares of TDK Corp (NASDAQ:TTDKY) from a strong-buy rating to a hold rating in a research note released on Wednesday morning.
According to Zacks, “TDK Corp. has a portfolio of technologies originally developed for its businesses involving electronic materials, components and devices, semiconductor, recording media and data storage devices. Its technical leadership includes materials research and development for dielectric, organic and semiconductor materials, process technologies for thick and thin film, metal, semiconductors and integration technologies. TDK technologies can be found in multimedia, video, television, personal computers, mobile communications, and semiconductors. (PRESS RELEASE) “
TDK Corp (NASDAQ:TTDKY) traded up 0.53% during mid-day trading on Wednesday, hitting $65.92. 306 shares of the stock traded hands. The stock has a 50 day moving average price of $69.13 and a 200 day moving average price of $61.06. The firm has a market cap of $8.31 billion and a PE ratio of 13.67. TDK Corp has a 12-month low of $47.78 and a 12-month high of $73.86.
TDK Corp Company Profile
TDK Corporation is an electronics company. The Company is engaged in manufacturing electronic components. The Company’s portfolio includes electronic components, modules and systems under the product brands TDK and EPCOS, power supplies, magnetic application products as well as energy devices, flash memory application devices and others.