Shares of Kemet Corporation (NYSE:KEM) have received an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Analysts have set a twelve-month consensus price objective of $15.25 for the company and are forecasting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also given Kemet Corporation an industry rank of 96 out of 265 based on the ratings given to related companies.
Several research firms recently commented on KEM. Zacks Investment Research raised shares of 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. Stifel Nicolaus reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Kemet Corporation in a research report on Friday. BidaskClub raised shares of Kemet Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Finally, B. Riley reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Kemet Corporation in a research report on Monday, May 15th.
In other Kemet Corporation news, insider Charles C. Meeks, Jr. sold 115,000 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $14.33, for a total transaction of $1,647,950.00. Following the sale, the insider now directly owns 372,393 shares of the company’s stock, valued at approximately $5,336,391.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Per Olof Loof sold 133,334 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $13.13, for a total transaction of $1,750,675.42. Following the sale, the chief executive officer now directly owns 1,101,976 shares in the company, valued at $14,468,944.88. The disclosure for this sale can be found here. Insiders have sold a total of 326,256 shares of company stock worth $4,516,065 over the last three months. Insiders own 3.88% of the company’s stock.
A number of large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Kemet Corporation by 16.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,828,191 shares of the electronics maker’s stock valued at $33,938,000 after buying an additional 402,142 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Kemet Corporation by 40.0% in the first quarter. Renaissance Technologies LLC now owns 2,371,099 shares of the electronics maker’s stock valued at $28,453,000 after buying an additional 677,098 shares during the period. Vanguard Group Inc. boosted its stake in shares of Kemet Corporation by 1.1% in the first quarter. Vanguard Group Inc. now owns 1,545,151 shares of the electronics maker’s stock valued at $18,542,000 after buying an additional 16,236 shares during the period. Morgan Stanley boosted its stake in shares of Kemet Corporation by 117.6% in the first quarter. Morgan Stanley now owns 647,649 shares of the electronics maker’s stock valued at $7,771,000 after buying an additional 350,056 shares during the period. Finally, Hennessy Advisors Inc. acquired a new stake in shares of Kemet Corporation during the first quarter valued at approximately $5,894,000. 57.21% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kemet Corporation (KEM) traded up 2.08% during mid-day trading on Thursday, hitting $16.70. The company had a trading volume of 1,166,156 shares. The firm’s 50-day moving average price is $13.97 and its 200 day moving average price is $11.22. The company has a market capitalization of $793.33 million, a P/E ratio of 19.20 and a beta of 3.54. Kemet Corporation has a one year low of $3.24 and a one year high of $16.75.
Kemet Corporation (NYSE:KEM) last posted its quarterly earnings data on Wednesday, May 10th. The electronics maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.10 by $0.04. The business had revenue of $197.52 million for the quarter, compared to analysts’ expectations of $191.73 million. Kemet Corporation had a net margin of 6.33% and a return on equity of 19.23%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 EPS. Analysts predict that Kemet Corporation will post $0.97 earnings per share for the current fiscal year.
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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