TDK (OTCMKTS:TTDKY) Sets New 52-Week High – Should You Buy?

TDK Corp. (OTCMKTS:TTDKY)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $18.69 and last traded at $18.39, with a volume of 68836 shares changing hands. The stock had previously closed at $17.65.

Analysts Set New Price Targets

Several brokerages have issued reports on TTDKY. Wall Street Zen upgraded shares of TDK from a “hold” rating to a “buy” rating in a research report on Wednesday, February 4th. Nomura upgraded shares of TDK to a “strong-buy” rating in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, TDK presently has an average rating of “Strong Buy”.

TDK Trading Up 5.1%

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.53 and a quick ratio of 1.18. The business’s 50-day moving average price is $14.40 and its two-hundred day moving average price is $14.75. The company has a market capitalization of $36.06 billion, a price-to-earnings ratio of 28.11, a P/E/G ratio of 1.34 and a beta of 0.85.

TDK (OTCMKTS:TTDKY) last released its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). TDK had a net margin of 7.85% and a return on equity of 9.83%. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.71 billion. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. Research analysts predict that TDK Corp. will post 0.69 earnings per share for the current 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.