Madison Asset Management LLC Sells 60,420 Shares of Murata Manufacturing Inc. $MRAAY

Key Points

• Madison Asset Management reduced its Murata Manufacturing position by 32% in the second quarter, selling 60,420 shares and retaining 128,609 shares valued at approximately $4.66 million.
• Murata shares opened at $22.41, down 3.9%, with a market capitalization of $81.94 billion and a price-to-earnings ratio of 47.68.
• The company beat quarterly expectations, reporting $0.14 earnings per share versus the $0.12 consensus estimate and $3.15 billion in revenue versus estimates of $2.97 billion. Analysts maintain a consensus “Buy” rating.

Madison Asset Management LLC cut its position in shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY - Free Report) by 32.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,609 shares of the company's stock after selling 60,420 shares during the quarter. Madison Asset Management LLC's holdings in Murata Manufacturing were worth $4,656,000 at the end of the most recent reporting period.

Murata Manufacturing Trading Down 3.9%

OTCMKTS:MRAAY opened at $22.41 on Friday. The stock has a market capitalization of $81.94 billion, a price-to-earnings ratio of 47.68 and a beta of 1.60. The firm has a fifty day simple moving average of $28.04 and a two-hundred day simple moving average of $20.19. Murata Manufacturing Inc. has a 12 month low of $7.95 and a 12 month high of $38.72.

Murata Manufacturing (OTCMKTS:MRAAY - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $2.97 billion. Murata Manufacturing had a net margin of 13.86% and a return on equity of 9.94%. Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. Equities analysts predict that Murata Manufacturing Inc. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MRAAY has been the topic of a number of research analyst reports. Citigroup raised shares of Murata Manufacturing from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 29th. Zacks Research upgraded Murata Manufacturing to a "hold" rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Murata Manufacturing presently has a consensus rating of "Buy".

About Murata Manufacturing

Murata Manufacturing Co, Ltd. is a Japan-based manufacturer of electronic components and modules, best known for its development and production of ceramic components. Founded in 1944 by Akira Murata and headquartered in Nagaokakyo, Kyoto Prefecture, the company has grown into a leading global supplier of multilayer ceramic capacitors (MLCCs), ceramic resonators, and a broad range of passive and active electronic parts used across consumer, industrial and automotive electronics.

The company's product portfolio encompasses passive components (such as capacitors, inductors and filters), sensors and sensing modules, power modules, and RF/wireless communication modules.

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