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TDK (OTC:TTDKY) Stock, Option Chain

TDK CORPORATION

Founded in 1935, TDK has its origin in magnetic materials, being the first company to commercialize ferrite in the world, and it used to be known as one of the major cassette-tape manufacturers. TDK is now the only external supplier for magnetic recording heads for hard disk drives, and the company intends to expand its magnetic sensor business for handsets and automobiles by leveraging its expertise. It is also one of the global top suppliers of passive components for autos and polymer rechargeable batteries for smartphones. The company acquired InvenSense in 2017, making it one of the largest MEMS sensor companies in the world.

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TTDKY

TDK is a prominent player in passive components and sensors, and is leveraging the advanced technology of Formula E to improve its product offerings.

Apple Supplier TDK Partners With McLaren Racing To Boost Formula E Presence

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Investors interested in stocks from the Electronics - Miscellaneous Components sector have probably already heard of TDK Corp. (OTC: TTDKY) and nVent Electric (NYSE: NVT).

TTDKY or NVT: Which Is the Better Value Stock Right Now?

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TDK Corporation, a major supplier of batteries to Apple Inc and Tesla Inc, has announced a significant breakthrough in solid-state battery technology. This development is expected to transform the consumer electronics industry.

Apple Supplier Says It Has Made Tech Breakthrough That Could Improve Performance Of Watches, Earbuds

TDK Corp

TDK (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TTDKY#OTC">TTDKY</a>) sees FY2025 sales of $14.422 billion.

Guidance

TDK Sees FY2025 Sales JPY 2120B; Net profit JPY 160B.

TDK (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TTDKY#OTC">TTDKY</a>) will release its quarterly earnings report on Friday, 2024-11-01. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate TDK to report an earnings per share (EPS) of $0.21.
Investors in TDK are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Past Earnings Performance</h3>
In the previous earnings release, the company beat EPS by $0.12, leading to a 2.62% drop in the share price the following trading session.
Here's a look at TDK's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.10</td>
<td>0.04</td>
<td>0.15</td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.22</td>
<td>0.02</td>
<td>0.23</td>
<td>0.14</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-3.0%</td>
<td>-5.0%</td>
<td>2.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730383302_0.png" alt="eps graph" />
<h3>TDK Share Price Analysis</h3>
Shares of TDK were trading at $12.26 as of October 30. Over the last 52-week period, shares are up 49.94%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/TTDKY/earnings">To track all earnings releases for TDK visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

An Overview of TDK's Earnings

TDK Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TTDKY#OTC">TTDKY</a>), a key supplier of Apple has entered into a strategic partnership with McLaren Racing to enhance its presence in the Formula E electric motor racing series. 
What Happened: The Japanese electronics company, renowned for its smartphone batteries, aims to supply components such as inverters and sensors for McLaren&#8217;s Nissan e-4ORCE 05 cars, Reuters reported on Tuesday.
TDK is a prominent player in passive components and sensors and is leveraging the advanced technology of Formula E to improve its product offerings.
&#8220;Formula E technology is always at the cutting edge of EVs and we want them to utilise our components so we can sharpen our technology,&#8221; said Taro Ikushima, CEO of TDK&#8217;s Electronic Components Business Company, in an interview with Reuters.
See Also: <a href="https://www.benzinga.com/news/24/10/41566739/tesla-semi-charging-infrastructure-costs-can-undercut-competition-by-50-says-senior-company-executiv?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Semi Charging Infrastructure Costs Can Undercut Competition By 50%, Says Senior Company Executive</a>
Automotive products make up nearly 25% of TDK&#8217;s sales. The company is a leading supplier of ceramic capacitors and temperature sensors. Despite debates on the speed of transition from gasoline vehicles, TDK sees vast opportunities in the EV market, as plug-in hybrids and battery electric vehicles require significantly more multilayer ceramic chip capacitors than traditional gasoline cars.
Why It Matters: The partnership between TDK and McLaren Racing is a significant move in the context of the growing focus on electric motorsports. Earlier this year, Saudi Arabia&#8217;s Public Investment Fund, which owns a majority stake in Lucid Group Inc., (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) announced a <a href="https://www.benzinga.com/news/24/01/36730179/mohammed-bin-salman-led-pif-which-owns-lucid-announces-partnership-with-three-electric-motorsport-se">multi-year partnership</a> with Formula E, Extreme E, and E1 to support the growth of electric motorsports. This initiative, known as Electric 360, aims to foster leadership events, STEM initiatives, and community apprenticeship programs.
Additionally, the motorsports industry is witnessing a shift towards electrification. In July, NASCAR unveiled a new electric vehicle prototype and launched an <a href="https://www.benzinga.com/general/sports/24/07/39674362/nascar-goes-electric-teases-new-ev-prototype-what-it-means-for-racing-leagues-future">electrification innovation partnership,</a> signaling a significant transformation in racing leagues. This move underscores the potential for diversification with electric vehicles in the motorsports sector.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41505138/lucid-ceo-throws-cold-water-on-teslas-robotaxi-vision-says-self-driving-cars-wont-happen-till-the-20?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Lucid CEO Throws Cold Water On Tesla&#8217;s Robotaxi Vision, Says Self-Driving Cars Won&#8217;t Happen &#8216;Till The 2030s&#8217;</a></li>
</ul>
Image by Steffen Prößdorf via Wikimedia Commons
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

<a href="https://www.bloomberg.com/news/articles/2024-09-12/gm-in-talks-to-buy-chinese-batteries-made-in-us-by-japan-s-tdk?srnd=homepage-americas" title="https://www.bloomberg.com/news/articles/2024-09-12/gm-in-talks-to-buy-chinese-batteries-made-in-us-by-japan-s-tdk?srnd=homepage-americas">https://www.bloomberg.com/news/articles/2024-09-12/gm-in-talks-to-buy-chinese-batteries-made-in-us-by-japan-s-tdk?srnd=homepage-americas</a>.

'GM In Talks To Buy Chinese Batteries Made In U.S. By Japan's TDK' - Bloomberg News

GM And TDK's Partnership With CATL Could Create Over 1,000 Jobs In The U.S.

Investors interested in stocks from the Electronics - Miscellaneous Components sector have probably already heard of TDK Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ttdky#OTC">TTDKY</a>) and nVent Electric (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nvt#NYSE">NVT</a>). But which of these two stocks is more attractive to value investors? We&#39;ll need to take a closer look to find out.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Right now, TDK Corp. is sporting a Zacks Rank of #1 (Strong Buy), while nVent Electric has a Zacks Rank of #3 (Hold). This means that TTDKY&#39;s earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. But this is just one piece of the puzzle for value investors.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
TTDKY currently has a forward P/E ratio of 16.19, while NVT has a forward P/E of 19.01. We also note that TTDKY has a PEG ratio of 0.58. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company&#39;s expected EPS growth rate. NVT currently has a PEG ratio of 1.19.
Another notable valuation metric for TTDKY is its P/B ratio of 2.20. Investors use the P/B ratio to look at a stock&#39;s market value versus its book value, which is defined as total assets minus total liabilities. By comparison, NVT has a P/B of 3.14.
These metrics, and several others, help TTDKY earn a Value grade of B, while NVT has been given a Value grade of C.
TTDKY is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that TTDKY is likely the superior value option right now.
<a href="https://www.zacks.com/stock/news/2334124/ttdky-or-nvt-which-is-the-better-value-stock-right-now?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_3-2334124">To read this article on Zacks.com click here.</a>

TDK Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TTDKY#OTC">TTDKY</a>), a major supplier of batteries to Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), has announced a significant breakthrough in <a href="https://www.benzinga.com/money/best-solid-state-battery-stocks">solid-state battery technology</a>.
What Happened: TDK, a leading supplier of smartphone batteries, has made a major breakthrough in the materials used in its small solid-state batteries. The company predicts a substantial increase in the performance of devices ranging from wireless headphones to smartwatches, the Financial Times <a href="https://www.ft.com/content/e33cb565-6d44-4f9a-9105-f3afc03aa732">reported</a> on Monday.
"We believe that our newly developed material for solid-state batteries can make a significant contribution to the energy transformation of society. We will continue the development towards early commercialization," said TDK's CEO Noboru Saito.
The new material offers an energy density of 1,000 watt-hours per liter, a significant improvement over TDK&#8217;s current battery in mass production. The batteries, which are set to be made of an all-ceramic material, are expected to enable smaller device sizes and longer operating times.
Despite the promising breakthrough, TDK acknowledges that larger-sized batteries made from ceramic material may be more fragile. This presents a technical challenge for the mass production of batteries for cars or even smartphones soon.
Kevin Shang, senior research analyst at Wood Mackenzie, a data and analytics firm, stated that the &#8220;unfavorable mechanical properties&#8221; and the challenges and costs associated with mass production are significant hurdles for incorporating solid-state oxide-based batteries into smartphones.
Earlier this year, TDK&#8217;s new line of smartphone batteries <a href="https://www.benzinga.com/news/24/01/36504381/apple-supplier-tdk-takes-a-leap-with-groundbreaking-battery-tech-set-to-transform-smartphones">garnered widespread attention</a>. The company&#8217;s goal was to revolutionize the smartphone market by offering greater power in increasingly thinner devices. 
TDK&#8217;s latest breakthrough in solid-state battery technology is a significant step forward for an industry that experts believe can revolutionize energy storage. 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39347341/rich-dad-poor-dad-author-says-bitcoin-simplest-way-to-become-millionaire-gamestop-implemen?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Rich Dad Poor Dad&#8217; Author Says Bitcoin Simplest Way To Become Millionaire, GameStop Implementing Bitcoin</a>
However, the mass production of larger batteries still presents significant challenges, according to industry experts. Despite this, TDK, with its extensive experience in battery materials and technology, is aiming to lead the medium-capacity market, which includes energy storage devices and larger electronics such as drones.
Why It Matters: TDK plans to start shipping samples of its new battery prototype to clients next year and hopes to move into mass production after that.
The company&#8217;s progress in solid-state battery technology is closely watched, with industry experts believing that the most significant use case for solid-state batteries could be in electric cars by enabling greater driving range, according to the report. 
Japanese companies are at the forefront of a push to commercialize this technology, with Toyota Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) aiming for as early as 2027, Nissan Motor Co Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) the year after, and Honda Motor Co Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) by the end of the decade.
Founded in 1935 and renowned as a top cassette tape brand in the 1960s and 1970s, TDK has extensive experience in battery materials and technology. It holds a 50 to 60% global market share in small-capacity batteries for smartphones and aims to lead in the medium-capacity market, which includes energy storage devices and larger electronics like drones.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/06/39330313/us-stocks-to-end-record-clinching-week-on-subdued-note-gamestop-slides-adobe-soars-fed-speeches-and?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nasdaq, S&amp;P 500 Rally Set To Stall: What&#8217;s Going On In Futures Market</a>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

The global leader in smartphone battery supply, TDK Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TTDKY#OTC">TTDKY</a>), which also supplies for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), is causing a stir with its groundbreaking battery technology.
What Happened:&nbsp;TDK&#8217;s new line of smartphone batteries is catching widespread attention. The company&#8217;s goal is to revolutionize the smartphone market by offering greater power in increasingly thinner devices, as per a recent&nbsp;<a href="https://www.bloomberg.com/news/articles/2024-01-04/apple-supplier-tdk-bets-new-battery-will-change-smartphone-game?srnd=premium-asia">Bloomberg</a>&nbsp;report.
TDK CEO Noboru Saito revealed that TDK has applied a new technological innovation to smartphones, an approach that competitors have generally used to enhance electric vehicle mileage. The small-scale lithium-ion batteries use silicon electrodes, a product of their&nbsp;Hong Kong-based subsidiary Amperex Technology.
Currently, TDK stands as the sole mass producer&nbsp;of silicon-carbon batteries for smartphones. This pioneering development has piqued the interest of smartphone manufacturers looking to acquire a competitive upper hand with ultra-thin designs enabled by high-capacity batteries.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/01/36458839/elon-musk-confirms-tesla-hid-easter-egg-in-cybertruck-after-customer-found-this-hidden-feature-freak?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Confirms Tesla Hid &#8216;Easter Egg&#8217; In Cybertruck After Customer Found This Hidden Feature, Freaked</a>
Reportedly, the new battery boasts a 10% higher capacity than the traditional graphite anode batteries. However, industry researchers hint that the technology could potentially augment&nbsp;capacity by 40% or more.&nbsp;This rise in capacity could improve battery life in various devices, including mobile gaming devices, wearable tech, and AI-related instruments.
Despite a stagnant growth in smartphone batteries, CEO Saito predicts that the new products will account for&nbsp;a double-digit percentage of the&nbsp;company&#8217;s total smartphone battery sales volume in the coming few years.
Why It Matters:&nbsp;TDK&#8217;s battery tech innovation comes on the heels of a significant collaboration with&nbsp;Apple&nbsp;in India. The partnership aimed to produce <a href="https://www.benzinga.com/markets/asia/23/12/36063889/why-apples-tie-up-with-tdk-for-battery-production-in-india-is-a-major-win-for-cupertino">battery cells locally for iPhones assembled</a> in the country. The production, expected to start within 12-18 months, marked a major win for Cupertino.
Post acquiring Hong Kong-based Amperex Technology, TDK set up a facility over 180 acres in Haryana, India. This move positioned TDK to supply cells to Sunwoda Electronics, Apple&#8217;s existing Li-ion battery assembler that currently imports cells from global markets.
The new battery technology could potentially further strengthen TDK&#8217;s relationship with Apple, providing a competitive edge in the rapidly evolving smartphone industry.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/01/36445754/mark-cuban-urges-joe-biden-to-take-cues-from-trumps-2024-playbook-im-not-ever-going-to-leave-the-whi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Urges Joe Biden To Take Cues From Trump&#8217;s 2024 Playbook: &#8216;I&#8217;m Not Ever Going To Leave The Whit</a>
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