Kemet Corporation (NYSE:KEM) SVP Ronald James Assaf sold 9,334 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $17.73, for a total value of $165,491.82. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Kemet Corporation (KEM) traded down 0.34% during trading on Friday, hitting $20.26. The stock had a trading volume of 1,028,381 shares. Kemet Corporation has a 12-month low of $3.24 and a 12-month high of $21.39. The company has a market capitalization of $966.28 million, a price-to-earnings ratio of 4.20 and a beta of 3.60. The stock has a 50 day moving average price of $17.00 and a 200 day moving average price of $12.96.
Kemet Corporation (NYSE:KEM) last announced its earnings results on Wednesday, August 2nd. The electronics maker reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.15. The firm had revenue of $274 million for the quarter, compared to analyst estimates of $282.52 million. Kemet Corporation had a net margin of 33.25% and a return on equity of 20.21%. The company’s revenue for the quarter was up 48.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS. Equities research analysts forecast that Kemet Corporation will post $1.57 earnings per share for the current year.
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KEM has been the subject of a number of research reports. TheStreet raised Kemet Corporation from a “c+” rating to a “b” rating in a research report on Wednesday, August 2nd. B. Riley restated a “buy” rating and set a $24.25 target price on shares of Kemet Corporation in a report on Thursday, August 3rd. BidaskClub lowered Kemet Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded Kemet Corporation from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Thursday, May 4th. Finally, Stifel Nicolaus raised their target price on Kemet Corporation from $10.00 to $11.00 and gave the company a “hold” rating in a report on Tuesday, May 2nd. One analyst has rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.08.
Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of Kemet Corporation during the fourth quarter worth $247,000. Dimensional Fund Advisors LP raised its stake in shares of Kemet Corporation by 12.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,426,049 shares of the electronics maker’s stock worth $16,085,000 after buying an additional 265,310 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Kemet Corporation during the first quarter worth $5,894,000. Engineers Gate Manager LP raised its stake in shares of Kemet Corporation by 101.7% in the first quarter. Engineers Gate Manager LP now owns 85,251 shares of the electronics maker’s stock worth $1,023,000 after buying an additional 42,982 shares during the last quarter. Finally, TFS Capital LLC bought a new stake in shares of Kemet Corporation during the first quarter worth $184,000. 55.72% of the stock is currently owned by hedge funds and other institutional investors.
About Kemet Corporation
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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