KEMET Co. (NYSE:KEM) VP Claudio Lollini sold 10,000 shares of the stock in a transaction on Monday, May 21st. The shares were sold at an average price of $17.95, for a total value of $179,500.00. Following the transaction, the vice president now directly owns 177,265 shares of the company’s stock, valued at $3,181,906.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
KEM opened at $18.63 on Friday. The firm has a market capitalization of $1.06 billion, a PE ratio of 11.50 and a beta of 3.64. KEMET Co. has a 12-month low of $11.73 and a 12-month high of $27.35. The company has a quick ratio of 1.66, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.
KEMET (NYSE:KEM) last released its earnings results on Thursday, May 17th. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.04. The company had revenue of $318.00 million during the quarter, compared to analyst estimates of $306.72 million. KEMET had a return on equity of 22.42% and a net margin of 21.28%. The company’s revenue for the quarter was up 61.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. sell-side analysts anticipate that KEMET Co. will post 1.78 EPS for the current fiscal year.
KEM has been the subject of a number of research reports. B. Riley increased their price target on KEMET from $22.50 to $24.75 and gave the company a “buy” rating in a research note on Friday, February 2nd. ValuEngine raised KEMET from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research downgraded KEMET from a “hold” rating to a “sell” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $19.58.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its holdings in shares of KEMET by 230.6% in the fourth quarter. Advisor Group Inc. now owns 23,352 shares of the electronics maker’s stock valued at $351,000 after purchasing an additional 16,288 shares in the last quarter. American International Group Inc. lifted its holdings in shares of KEMET by 18.3% in the fourth quarter. American International Group Inc. now owns 43,282 shares of the electronics maker’s stock valued at $652,000 after purchasing an additional 6,697 shares in the last quarter. State of Tennessee Treasury Department lifted its holdings in shares of KEMET by 656.7% in the fourth quarter. State of Tennessee Treasury Department now owns 38,591 shares of the electronics maker’s stock valued at $581,000 after purchasing an additional 33,491 shares in the last quarter. Investors Research Corp purchased a new stake in shares of KEMET in the fourth quarter valued at $267,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of KEMET in the fourth quarter valued at $263,000. Institutional investors own 71.96% of the company’s stock.
KEMET Company Profile
KEMET Corporation, together with its subsidiaries, manufactures and sells passive electronic components under the KEMET brand worldwide and the TOKIN brand in Japan and Korea. The company operates through three segments: Solid Capacitors; Film and Electrolytics; and Electro-magnetic, Sensors & Actuators.
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