Kemet Corporation (NYSE:KEM) Director Joseph Vincent Borruso sold 1,000 shares of Kemet Corporation stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $22.31, for a total transaction of $22,310.00. Following the completion of the transaction, the director now directly owns 83,334 shares in the company, valued at $1,859,181.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Kemet Corporation (KEM) opened at 20.88 on Tuesday. Kemet Corporation has a 12-month low of $3.26 and a 12-month high of $24.64. The firm has a 50-day moving average of $19.79 and a 200 day moving average of $14.48. The stock has a market capitalization of $995.85 million, a price-to-earnings ratio of 4.33 and a beta of 3.55.
Kemet Corporation (NYSE:KEM) last announced its quarterly earnings data on Wednesday, August 2nd. The electronics maker reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.15. Kemet Corporation had a net margin of 33.25% and a return on equity of 20.21%. The business had revenue of $274 million for the quarter, compared to analyst estimates of $282.52 million. During the same period last year, the business earned $0.06 EPS. The company’s revenue was up 48.2% on a year-over-year basis. On average, analysts predict that Kemet Corporation will post $1.57 earnings per share for the current fiscal year.
Several research firms have issued reports on KEM. B. Riley reaffirmed a “buy” rating and issued a $17.00 price target on shares of Kemet Corporation in a report on Monday, May 15th. BidaskClub raised shares of Kemet Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $12.00 price target on shares of Kemet Corporation in a report on Friday, July 14th. Zacks Investment Research lowered shares of Kemet Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, TheStreet raised shares of Kemet Corporation from a “c+” rating to a “b” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $18.08.
Several hedge funds and other institutional investors have recently bought and sold shares of KEM. Globeflex Capital L P purchased a new position in shares of Kemet Corporation in the 2nd quarter valued at $105,000. Founders Capital Management purchased a new position in shares of Kemet Corporation in the 1st quarter valued at $108,000. JPMorgan Chase & Co. purchased a new position in shares of Kemet Corporation in the 2nd quarter valued at $125,000. UBS Asset Management Americas Inc. purchased a new position in shares of Kemet Corporation in the 2nd quarter valued at $143,000. Finally, Legal & General Group Plc purchased a new position in shares of Kemet Corporation in the 2nd quarter valued at $147,000. 68.87% of the stock is currently owned by hedge funds and other institutional investors.
Kemet Corporation 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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