The Manufacturers Life Insurance Company boosted its holdings in Kemet Corporation (NYSE:KEM) by 14,204.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,759 shares of the electronics maker’s stock after buying an additional 34,516 shares during the quarter. The Manufacturers Life Insurance Company owned 0.07% of Kemet worth $445,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Globeflex Capital L P acquired a new position in Kemet in the second quarter worth approximately $105,000. JPMorgan Chase & Co. acquired a new position in Kemet in the second quarter worth approximately $125,000. UBS Asset Management Americas Inc. acquired a new position in Kemet in the second quarter worth approximately $143,000. Legal & General Group Plc acquired a new position in Kemet in the second quarter worth approximately $147,000. Finally, Pacad Investment Ltd. acquired a new position in Kemet in the second quarter worth approximately $187,000. Hedge funds and other institutional investors own 58.59% of the company’s stock.
Several research analysts have issued reports on KEM shares. B. Riley restated a “buy” rating and issued a $24.25 price target on shares of Kemet in a research report on Thursday, August 3rd. TheStreet raised shares of Kemet from a “c+” rating to a “b” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reaffirmed a “hold” rating on shares of Kemet in a research note on Monday, August 7th. BidaskClub raised shares of Kemet from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Finally, ValuEngine raised shares of Kemet from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Kemet currently has an average rating of “Hold” and an average target price of $22.50.
In other Kemet news, Director Frank G. Brandenberg sold 11,525 shares of Kemet stock in a transaction on Wednesday, August 30th. The shares were 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 owns 66,831 shares of the company’s stock, valued at approximately $1,545,132.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO William M. Lowe, Jr. sold 21,903 shares of Kemet stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $16.08, for a total transaction of $352,200.24. Following the sale, the chief financial officer now directly owns 523,038 shares of the company’s stock, valued at approximately $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 in the last ninety days. Company insiders own 3.88% of the company’s stock.
Kemet Corporation (KEM) opened at $16.15 on Monday. Kemet Corporation has a 52 week low of $4.81 and a 52 week high of $27.35. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.51 and a quick ratio of 1.73. The company has a market cap of $910.57, a P/E ratio of 16.65 and a beta of 3.65.
Kemet (NYSE:KEM) last posted its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. Kemet had a net margin of 31.16% and a return on equity of 21.07%. The firm had revenue of $301.47 million during the quarter, compared to analyst estimates of $298.51 million. During the same quarter last year, the business posted $0.13 EPS. The company’s revenue was up 60.9% on a year-over-year basis. analysts forecast that Kemet Corporation will post 1.44 earnings per share for the current fiscal year.
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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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