TDK Corp (TTDKY) Rating Lowered to Hold at Zacks Investment Research

TDK Corp (NASDAQ:TTDKY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

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) “

Shares of TDK Corp (NASDAQ:TTDKY) opened at 68.95 on Wednesday. TDK Corp has a 52-week low of $47.78 and a 52-week high of $73.86. The stock has a market cap of $8.70 billion and a price-to-earnings ratio of 14.30. The stock’s 50 day moving average price is $69.13 and its 200-day moving average price is $61.03.

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.

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