KEMET Co. (NYSE:KEM) SVP Sells $60,045.34 in Stock

KEMET Co. (NYSE:KEM) SVP Ronald James Assaf sold 3,334 shares of KEMET stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $18.01, for a total value of $60,045.34. Following the transaction, the senior vice president now directly owns 62,611 shares in the company, valued at $1,127,624.11. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Ronald James Assaf also recently made the following trade(s):

  • On Wednesday, May 1st, Ronald James Assaf sold 3,334 shares of KEMET stock. The stock was sold at an average price of $18.01, for a total value of $60,045.34.
  • On Monday, April 1st, Ronald James Assaf sold 3,333 shares of KEMET stock. The stock was sold at an average price of $18.00, for a total value of $59,994.00.

KEM traded down $0.53 during midday trading on Friday, hitting $16.58. 13,048 shares of the company were exchanged, compared to its average volume of 1,266,988. The company has a market capitalization of $992.38 million, a PE ratio of 4.96 and a beta of 2.56. KEMET Co. has a 1-year low of $15.55 and a 1-year high of $29.85. The company has a current ratio of 2.31, a quick ratio of 1.44 and a debt-to-equity ratio of 0.42.

KEMET (NYSE:KEM) last announced its earnings results on Thursday, May 16th. The electronics maker reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.08. The firm had revenue of $355.79 million for the quarter, compared to the consensus estimate of $341.19 million. KEMET had a return on equity of 36.66% and a net margin of 14.94%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS. Equities research analysts predict that KEMET Co. will post 2.66 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 30th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Wednesday, May 29th. KEMET’s dividend payout ratio is 5.93%.

Several large investors have recently made changes to their positions in the company. IFP Advisors Inc purchased a new stake in KEMET in the fourth quarter worth about $35,000. Valeo Financial Advisors LLC purchased a new position in shares of KEMET during the first quarter valued at approximately $38,000. Nisa Investment Advisors LLC lifted its holdings in shares of KEMET by 555.6% during the first quarter. Nisa Investment Advisors LLC now owns 2,360 shares of the electronics maker’s stock valued at $40,000 after purchasing an additional 2,000 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of KEMET by 51.0% during the fourth quarter. Bank of Montreal Can now owns 2,550 shares of the electronics maker’s stock valued at $44,000 after purchasing an additional 861 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of KEMET by 249.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,417 shares of the electronics maker’s stock valued at $78,000 after purchasing an additional 3,154 shares during the last quarter. 80.55% of the stock is currently owned by institutional investors.

Several brokerages have commented on KEM. ValuEngine downgraded KEMET from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research downgraded KEMET from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Finally, B. Riley reaffirmed a “buy” rating and set a $26.00 target price (up from $24.00) on shares of KEMET in a report on Thursday, May 9th.

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KEMET Company Profile

KEMET Corporation manufactures and sells passive electronic components under the KEMET brand worldwide. The company operates in three segments: Solid Capacitors, Film and Electrolytic; and Electro-Magnetic, Sensors, and Actuators. It offers tantalum, aluminum polymer, and ceramic capacitors; film, paper, and wet aluminum electrolytic capacitors; electromagnetic interference filters; and electro-magnetic compatible materials and devices, piezo materials and actuators, and various types of sensors.

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