Kyocera (NYSE:KYO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “Kyocera Corporation was founded in 1959 as a company specializing in the production of fine ceramic components, Kyocera has expanded its business by effectively developing and applying its ceramics technologies. The company has grown to be a world-leading manufacturer of ceramics, including custom parts and consumer products. Kyocera’s materials, components, and finished products are used in virtually all fields of industry. In addition to ceramics, products also include information, tele-communications, and Optical equipment. “

Separately, ValuEngine cut shares of Kyocera from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

Shares of Kyocera (NYSE:KYO) opened at $69.84 on Thursday. The stock has a market cap of $26,430.00, a price-to-earnings ratio of 22.38, a P/E/G ratio of 5.21 and a beta of 0.61. Kyocera has a fifty-two week low of $49.53 and a fifty-two week high of $71.92. The company has a quick ratio of 2.93, a current ratio of 3.88 and a debt-to-equity ratio of 0.01.

A number of hedge funds have recently added to or reduced their stakes in KYO. Bank of New York Mellon Corp boosted its holdings in Kyocera by 4.2% during the second quarter. Bank of New York Mellon Corp now owns 18,906 shares of the electronics maker’s stock valued at $1,102,000 after acquiring an additional 765 shares during the period. Wells Fargo & Company MN boosted its holdings in Kyocera by 2,254.3% during the second quarter. Wells Fargo & Company MN now owns 23,684 shares of the electronics maker’s stock valued at $1,381,000 after acquiring an additional 22,678 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Kyocera by 29.7% during the second quarter. PNC Financial Services Group Inc. now owns 2,613 shares of the electronics maker’s stock valued at $152,000 after acquiring an additional 598 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in Kyocera by 12.1% during the second quarter. Parametric Portfolio Associates LLC now owns 313,139 shares of the electronics maker’s stock valued at $18,247,000 after acquiring an additional 33,694 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Kyocera by 2.6% during the second quarter. Renaissance Technologies LLC now owns 549,600 shares of the electronics maker’s stock valued at $32,025,000 after acquiring an additional 13,910 shares during the period. Institutional investors own 0.55% of the company’s stock.

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About Kyocera

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.

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