Kemet Corporation (NYSE:KEM) has received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $27.50.
A number of research analysts have recently commented on KEM shares. BidaskClub cut shares of Kemet from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. ValuEngine raised shares of Kemet from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of Kemet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. B. Riley reissued a “buy” rating and set a $27.50 target price on shares of Kemet in a research report on Tuesday, October 31st. Finally, TheStreet cut shares of Kemet from a “b” rating to a “c” rating in a research report on Thursday, November 2nd.
In related news, CFO William M. Lowe, Jr. sold 21,903 shares of Kemet stock in a transaction on 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 sale, 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 can be accessed through this link. 3.88% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Kemet in the third quarter worth $656,000. GSA Capital Partners LLP bought a new stake in shares of Kemet in the third quarter worth $737,000. Sterling Capital Management LLC bought a new stake in shares of Kemet in the third quarter worth $761,000. Piedmont Investment Advisors LLC bought a new stake in Kemet during the third quarter valued at $225,000. Finally, California Public Employees Retirement System increased its stake in Kemet by 12.9% during the third quarter. California Public Employees Retirement System now owns 141,211 shares of the electronics maker’s stock valued at $2,984,000 after purchasing an additional 16,111 shares during the last quarter. Institutional investors and hedge funds own 69.90% of the company’s stock.
Kemet (NYSE KEM) traded down $0.12 during midday trading on Friday, hitting $14.61. 1,425,000 shares of the stock were exchanged, compared to its average volume of 1,484,901. Kemet has a twelve month low of $5.78 and a twelve month high of $27.35. The company has a current ratio of 2.51, a quick ratio of 1.73 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $830.50, a PE ratio of 15.19 and a beta of 3.44.
Kemet (NYSE:KEM) last posted its earnings results on Thursday, November 2nd. The electronics maker reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. Kemet had a net margin of 31.16% and a return on equity of 21.07%. The business had revenue of $301.47 million for the quarter, compared to analysts’ expectations of $298.51 million. During the same period in the previous year, the company posted $0.13 earnings per share. The business’s revenue for the quarter was up 60.9% compared to the same quarter last year. equities analysts forecast that Kemet will post 1.44 earnings per share for the current fiscal year.
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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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