Kemet Corporation (NYSE:KEM) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.
A number of other equities research analysts also recently weighed in on KEM. B. Riley reaffirmed a “buy” rating and set a $13.50 price objective on shares of Kemet Corporation in a research report on Wednesday, May 10th. Zacks Investment Research raised Kemet Corporation from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a research report on Friday, July 14th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $12.00 price objective on shares of Kemet Corporation in a research report on Friday, July 14th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $15.67.
Kemet Corporation (NYSE KEM) traded down 3.98% during trading on Tuesday, hitting $16.42. The stock had a trading volume of 826,731 shares. Kemet Corporation has a 52-week low of $3.24 and a 52-week high of $17.89. The stock has a market capitalization of $780.03 million, a PE ratio of 18.87 and a beta of 3.54. The stock’s 50-day moving average is $14.48 and its 200-day moving average is $11.60.
Kemet Corporation (NYSE:KEM) last issued its quarterly earnings data on Wednesday, May 10th. The electronics maker reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. Kemet Corporation had a return on equity of 19.23% and a net margin of 6.33%. The company had revenue of $197.52 million for the quarter, compared to the consensus estimate of $191.73 million. During the same quarter last year, the company earned $0.04 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts predict that Kemet Corporation will post $0.97 earnings per share for the current fiscal year.
In other news, CEO Per Olof Loof sold 133,334 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $13.13, for a total value of $1,750,675.42. Following the completion of the transaction, the chief executive officer now directly owns 1,101,976 shares in the company, valued at $14,468,944.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Charles C. Meeks, Jr. sold 115,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $14.33, for a total value of $1,647,950.00. Following the completion of the transaction, the insider now owns 372,393 shares of the company’s stock, valued at $5,336,391.69. The disclosure for this sale can be found here. In the last three months, insiders sold 326,256 shares of company stock valued at $4,516,065. Corporate insiders own 3.88% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Founders Capital Management purchased a new position in shares of Kemet Corporation during the first quarter valued at about $108,000. TFS Capital LLC bought a new position in shares of Kemet Corporation during the first quarter valued at $184,000. Russell Investments Group Ltd. bought a new position in shares of Kemet Corporation during the fourth quarter valued at $247,000. Caxton Associates LP bought a new position in shares of Kemet Corporation during the first quarter valued at $263,000. Finally, SG Americas Securities LLC bought a new position in shares of Kemet Corporation during the first quarter valued at $314,000. Hedge funds and other institutional investors own 57.41% of the company’s stock.
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.
Receive News & Ratings for Kemet Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kemet Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
