Insider Selling: KEMET Co. (KEM) SVP Sells $337,800.00 in Stock

KEMET Co. (NYSE:KEM) SVP Ronald James Assaf sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $16.89, for a total value of $337,800.00. Following the transaction, the senior vice president now directly owns 94,225 shares of the company’s stock, valued at approximately $1,591,460.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of KEMET Co. (NYSE:KEM) opened at $18.40 on Friday. KEMET Co. has a fifty-two week low of $7.95 and a fifty-two week high of $27.35. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.49 and a quick ratio of 1.74. The company has a market capitalization of $1,042.67, a P/E ratio of 13.64 and a beta of 3.63.

KEMET (NYSE:KEM) last posted its quarterly earnings results on Thursday, February 1st. The electronics maker reported $0.48 EPS for the quarter, beating the consensus estimate of $0.32 by $0.16. KEMET had a return on equity of 22.51% and a net margin of 28.33%. The firm had revenue of $306.40 million during the quarter, compared to analysts’ expectations of $295.68 million. During the same quarter last year, the firm earned $0.11 earnings per share. The business’s revenue for the quarter was up 63.0% on a year-over-year basis. research analysts forecast that KEMET Co. will post 1.62 EPS for the current year.

Several research firms recently commented on KEM. B. Riley increased their price target on KEMET from $22.50 to $24.75 and gave the company a “buy” rating in a report on Friday, February 2nd. ValuEngine raised KEMET from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research cut KEMET from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, TheStreet cut KEMET from a “b” rating to a “c” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $19.58.

Several large investors have recently bought and sold shares of KEM. Schwab Charles Investment Management Inc. acquired a new stake in shares of KEMET in the second quarter valued at approximately $982,000. Swiss National Bank purchased a new position in KEMET in the second quarter worth approximately $844,000. JPMorgan Chase & Co. purchased a new position in KEMET in the second quarter worth approximately $125,000. Wells Fargo & Company MN purchased a new position in KEMET in the second quarter worth approximately $432,000. Finally, Alliancebernstein L.P. purchased a new position in KEMET in the second quarter worth approximately $694,000. 69.39% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This article was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this article on another website, it was stolen and reposted in violation of United States and international trademark and copyright laws. The correct version of this article can be accessed at https://stocknewstimes.com/2018/02/17/insider-selling-kemet-co-kem-svp-sells-337800-00-in-stock.html.

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.

Insider Buying and Selling by Quarter for KEMET (NYSE:KEM)

Receive News & Ratings for KEMET Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KEMET and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply