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 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.
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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