KEMET Co. (NYSE:KEM) insider Charles C. Meeks, Jr. sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $18.13, for a total transaction of $362,600.00. Following the completion of the transaction, the insider now directly owns 218,310 shares in the company, valued at $3,957,960.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of KEMET Co. (NYSE:KEM) traded down $0.01 during trading on Friday, reaching $17.66. The company had a trading volume of 426,542 shares, compared to its average volume of 2,090,000. KEMET Co. has a fifty-two week low of $10.70 and a fifty-two week high of $27.35. The company has a market cap of $999.65, a PE ratio of 3.54 and a beta of 3.60. The company has a quick ratio of 1.74, a current ratio of 2.49 and a debt-to-equity ratio of 0.70.
KEMET (NYSE:KEM) last announced its quarterly earnings data on Thursday, February 1st. The electronics maker reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $306.40 million for the quarter, compared to analysts’ expectations of $295.68 million. During the same period in the previous year, the business posted $0.11 EPS. The firm’s quarterly revenue was up 63.0% compared to the same quarter last year. research analysts predict that KEMET Co. will post 1.62 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in KEM. Flinton Capital Management LLC bought a new stake in KEMET in the 4th quarter valued at about $107,000. State of Tennessee Treasury Department bought a new stake in shares of KEMET during the third quarter valued at about $108,000. UBS Asset Management Americas Inc. bought a new stake in shares of KEMET during the second quarter valued at about $143,000. State of Alaska Department of Revenue bought a new stake in shares of KEMET during the fourth quarter valued at about $146,000. Finally, Advisor Group Inc. bought a new stake in shares of KEMET during the third quarter valued at about $150,000. Institutional investors and hedge funds own 69.02% of the company’s stock.
A number of equities analysts recently weighed in on KEM shares. Zacks Investment Research downgraded shares of KEMET from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. TheStreet cut KEMET from a “b” rating to a “c” rating in a research note on Thursday, November 2nd. ValuEngine cut KEMET from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, B. Riley restated a “buy” rating and issued a $22.50 price objective on shares of KEMET in a research note on Monday, January 22nd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $19.58.
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.