Kemet Corporation (NYSE:KEM) has received an average recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $27.50.
Several research firms have recently commented on KEM. BidaskClub cut Kemet Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research cut Kemet Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Stifel Nicolaus reissued a “hold” rating on shares of Kemet Corporation in a research note on Monday, August 7th. TheStreet cut Kemet Corporation from a “b” rating to a “c” rating in a research note on Thursday, November 2nd. Finally, B. Riley reissued a “buy” rating and issued a $24.25 target price on shares of Kemet Corporation in a research note on Tuesday, August 8th.
In related news, Director Frank G. Brandenberg sold 11,525 shares of Kemet Corporation stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $23.12, for a total transaction of $266,458.00. Following the completion of the sale, the director now directly owns 66,831 shares of the company’s stock, valued at $1,545,132.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO William M. Lowe, Jr. sold 21,903 shares of Kemet Corporation stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $16.08, for a total value of $352,200.24. Following the sale, the chief financial officer now directly owns 523,038 shares of the company’s stock, valued at $8,410,451.04. The disclosure for this sale can be found here. Insiders sold a total of 34,428 shares of company stock valued at $640,968 over the last three months. Insiders own 3.88% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Caxton Associates LP acquired a new stake in shares of Kemet Corporation during the third quarter worth $251,000. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Kemet Corporation by 60.6% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 222,200 shares of the electronics maker’s stock worth $4,695,000 after purchasing an additional 83,827 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Kemet Corporation by 186.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 219,363 shares of the electronics maker’s stock worth $4,636,000 after purchasing an additional 142,663 shares during the period. Wells Fargo & Company MN grew its stake in shares of Kemet Corporation by 1,232.3% during the third quarter. Wells Fargo & Company MN now owns 449,957 shares of the electronics maker’s stock worth $9,507,000 after purchasing an additional 416,185 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Kemet Corporation by 4,743.7% during the third quarter. JPMorgan Chase & Co. now owns 471,288 shares of the electronics maker’s stock worth $10,265,000 after purchasing an additional 461,558 shares during the period. 59.57% of the stock is owned by institutional investors and hedge funds.
Kemet Corporation (KEM) opened at $15.48 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.51 and a quick ratio of 1.73. Kemet Corporation has a 52-week low of $4.15 and a 52-week high of $27.35. The stock has a market capitalization of $870.53, a price-to-earnings ratio of 15.92 and a beta of 3.65.
Kemet Corporation (NYSE:KEM) last issued its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. Kemet Corporation had a return on equity of 21.07% and a net margin of 31.16%. The firm had revenue of $301.47 million during the quarter, compared to the consensus estimate of $298.51 million. During the same quarter in the previous year, the company posted $0.13 EPS. The business’s revenue for the quarter was up 60.9% compared to the same quarter last year. equities research analysts expect that Kemet Corporation will post 1.44 earnings per share for the current year.
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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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