KEM has been the topic of a number of other reports. Zacks Investment Research raised shares of KEMET from a hold rating to a strong-buy rating and set a $18.00 target price on the stock in a research note on Friday, July 14th. TheStreet raised shares of KEMET from a c+ rating to a b rating in a research note on Wednesday, August 2nd. BidaskClub downgraded shares of KEMET from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Finally, B. Riley reissued a buy rating and issued a $24.25 price target on shares of KEMET in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. KEMET presently has an average rating of Buy and a consensus target price of $18.08.
Shares of KEMET (NYSE KEM) traded up 3.85% during mid-day trading on Monday, hitting $19.68. 1,018,140 shares of the stock traded hands. The firm has a 50 day moving average of $14.79 and a 200 day moving average of $11.93. KEMET has a 12 month low of $3.24 and a 12 month high of $19.79. The company has a market cap of $936.53 million, a P/E ratio of 4.07 and a beta of 3.60.
KEMET (NYSE:KEM) last issued its earnings results on Wednesday, August 2nd. The electronics maker reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.15. KEMET had a net margin of 5.84% and a return on equity of 173.17%. The company had revenue of $274 million for the quarter, compared to the consensus estimate of $282.52 million. During the same period in the previous year, the firm earned $0.06 earnings per share. KEMET’s quarterly revenue was up 48.2% compared to the same quarter last year. Equities analysts anticipate that KEMET will post $1.57 EPS for the current fiscal year.
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In other news, SVP Ronald James Assaf sold 9,334 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $17.73, for a total value of $165,491.82. Following the sale, the senior vice president now directly owns 114,225 shares of the company’s stock, valued at approximately $2,025,209.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William M. Lowe, Jr. sold 68,422 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $14.36, for a total transaction of $982,539.92. Following the completion of the sale, the chief financial officer now directly owns 616,035 shares in the company, valued at $8,846,262.60. The disclosure for this sale can be found here. Insiders sold a total of 365,590 shares of company stock worth $5,248,257 over the last three months. Insiders own 3.88% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Mckinley Capital Management LLC Delaware bought a new stake in KEMET during the first quarter worth about $2,815,000. SG Americas Securities LLC acquired a new stake in shares of KEMET during the first quarter valued at $314,000. Founders Capital Management acquired a new stake in shares of KEMET during the first quarter valued at $108,000. Alambic Investment Management L.P. increased its stake in shares of KEMET by 175.6% in the first quarter. Alambic Investment Management L.P. now owns 72,753 shares of the electronics maker’s stock valued at $873,000 after buying an additional 46,352 shares during the last quarter. Finally, Oxford Asset Management increased its stake in shares of KEMET by 42.0% in the first quarter. Oxford Asset Management now owns 229,599 shares of the electronics maker’s stock valued at $2,755,000 after buying an additional 67,943 shares during the last quarter. 56.85% of the stock is currently owned by institutional investors and hedge funds.
KEMET Company Profile
KEMET Corporation (KEMET) is a manufacturer of passive electronic components. The Company operates in two segments: Solid Capacitors, and Film and Electrolytic. The Solid Capacitors segment primarily produces tantalum, aluminum, polymer and ceramic capacitors. Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors.
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