Brokerages Set Kemet Corporation (KEM) Price Target at $27.50

Kemet Corporation (NYSE:KEM) has received a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $27.50.

A number of brokerages have weighed in on KEM. Zacks Investment Research upgraded shares of Kemet from a “sell” rating to a “hold” rating in a research report on Thursday. ValuEngine downgraded shares of Kemet from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. TheStreet downgraded shares of Kemet from a “b” rating to a “c” rating in a research report on Thursday, November 2nd. Finally, B. Riley reiterated a “buy” rating and issued a $27.50 price objective on shares of Kemet in a research report on Tuesday, October 31st.

In other Kemet news, CFO William M. Lowe, Jr. sold 21,903 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $16.08, for a total value of $352,200.24. Following the completion of the transaction, the chief financial officer now owns 523,038 shares in the company, valued at $8,410,451.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.88% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its position in shares of Kemet by 59.8% during the 2nd quarter. Renaissance Technologies LLC now owns 3,789,099 shares of the electronics maker’s stock worth $48,500,000 after purchasing an additional 1,418,000 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Kemet by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,008,032 shares of the electronics maker’s stock worth $38,503,000 after purchasing an additional 179,841 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Kemet by 13.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,748,043 shares of the electronics maker’s stock worth $22,374,000 after purchasing an additional 202,892 shares during the last quarter. Numeric Investors LLC raised its position in shares of Kemet by 1,622.5% during the 2nd quarter. Numeric Investors LLC now owns 1,111,039 shares of the electronics maker’s stock worth $14,221,000 after purchasing an additional 1,046,539 shares during the last quarter. Finally, State Street Corp raised its position in shares of Kemet by 1,972.6% during the 2nd quarter. State Street Corp now owns 750,547 shares of the electronics maker’s stock worth $9,606,000 after purchasing an additional 714,335 shares during the last quarter. Institutional investors and hedge funds own 69.79% of the company’s stock.

Kemet (NYSE KEM) traded up $0.51 during trading hours on Thursday, reaching $16.57. 1,053,525 shares of the company’s stock traded hands, compared to its average volume of 1,770,000. The stock has a market capitalization of $934.24, a price-to-earnings ratio of 3.37 and a beta of 3.45. Kemet has a one year low of $6.27 and a one year high of $27.35. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.73 and a current ratio of 2.51.

Kemet (NYSE:KEM) last issued its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $301.47 million during the quarter, compared to the consensus estimate of $298.51 million. Kemet had a net margin of 31.16% and a return on equity of 21.07%. The company’s revenue was up 60.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share. research analysts predict that Kemet will post 1.44 EPS for the current year.

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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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