Ronald James Assaf Sells 20,000 Shares of KEMET Co. (KEM) Stock

KEMET Co. (NYSE:KEM) SVP Ronald James Assaf sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $16.89, for a total value of $337,800.00. Following the transaction, the senior vice president now owns 94,225 shares of the company’s stock, valued at approximately $1,591,460.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of KEMET Co. (KEM) traded up $0.66 during midday trading on Wednesday, hitting $17.85. The company had a trading volume of 1,507,649 shares, compared to its average volume of 2,113,724. The company has a quick ratio of 1.74, a current ratio of 2.49 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $992.86, a price-to-earnings ratio of 3.57 and a beta of 3.63. KEMET Co. has a 12-month low of $7.95 and a 12-month high of $27.35.

KEMET (NYSE:KEM) last announced its quarterly earnings results on Thursday, February 1st. The electronics maker reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.16. The firm had revenue of $306.40 million during the quarter, compared to analyst estimates of $295.68 million. KEMET had a return on equity of 22.51% and a net margin of 28.33%. KEMET’s quarterly revenue was up 63.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. equities research analysts anticipate that KEMET Co. will post 1.62 earnings per share for the current year.

KEM has been the subject of several recent analyst reports. B. Riley boosted their target price on KEMET from $22.50 to $24.75 and gave the company a “buy” rating in a research report on Friday, February 2nd. ValuEngine upgraded KEMET from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. TheStreet lowered KEMET from a “b” rating to a “c” rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research lowered KEMET from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $19.58.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Tennessee Treasury Department purchased a new stake in shares of KEMET in the third quarter valued at approximately $108,000. Denali Advisors LLC purchased a new stake in shares of KEMET in the third quarter valued at approximately $122,000. Advisor Group Inc. purchased a new stake in shares of KEMET in the third quarter valued at approximately $150,000. JPMorgan Chase & Co. purchased a new stake in shares of KEMET in the second quarter valued at approximately $125,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of KEMET in the fourth quarter valued at approximately $146,000. Hedge funds and other institutional investors own 69.39% of the company’s stock.

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About KEMET

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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