Kemet Corporation (KEM) Earns “Hold” Rating from Stifel Nicolaus
Kemet Corporation (NYSE:KEM)‘s stock had its “hold” rating reiterated by Stifel Nicolaus in a research note issued to investors on Monday.
A number of other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Kemet Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub upgraded shares of Kemet Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. B. Riley reiterated a “buy” rating and issued a $13.50 price objective on shares of Kemet Corporation in a report on Friday, May 5th. Finally, TheStreet upgraded shares of Kemet Corporation from a “c+” rating to a “b” rating in a report on Wednesday, August 2nd. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Kemet Corporation currently has a consensus rating of “Buy” and a consensus target price of $18.08.
Shares of Kemet Corporation (NYSE KEM) traded up 6.5704% during midday trading on Monday, hitting $18.7031. 1,079,672 shares of the stock traded hands. The firm’s 50-day moving average is $14.79 and its 200 day moving average is $11.93. The company has a market capitalization of $890.04 million, a price-to-earnings ratio of 3.8635 and a beta of 3.60. Kemet Corporation has a 52 week low of $3.24 and a 52 week high of $18.95.
Kemet Corporation (NYSE:KEM) last issued its quarterly earnings data on Wednesday, August 2nd. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.15. The business had revenue of $274 million during the quarter, compared to analyst estimates of $282.52 million. Kemet Corporation had a net margin of 33.25% and a return on equity of 32.96%. The firm’s quarterly revenue was up 48.2% on a year-over-year basis. During the same quarter last year, the business earned $0.06 EPS. Equities analysts forecast that Kemet Corporation will post $1.57 earnings per share for the current year.
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In related news, CEO Per Olof Loof sold 133,334 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $13.13, for a total value of $1,750,675.42. Following the completion of the transaction, the chief executive officer now owns 1,101,976 shares in the company, valued at approximately $14,468,944.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Claudio Lollini sold 9,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $14.20, for a total transaction of $134,900.00. Following the completion of the transaction, the vice president now owns 184,168 shares of the company’s stock, valued at approximately $2,615,185.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 326,256 shares of company stock valued at $4,516,065. 3.88% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LLC raised its position in Kemet Corporation by 8.0% in the fourth quarter. Royce & Associates LLC now owns 3,685,347 shares of the electronics maker’s stock valued at $8,734,000 after buying an additional 274,546 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Kemet Corporation by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,078,678 shares of the electronics maker’s stock valued at $4,927,000 after buying an additional 89,908 shares during the last quarter. B. Riley Financial Inc. purchased a new position in Kemet Corporation during the fourth quarter valued at about $1,072,000. Algert Global LLC raised its position in Kemet Corporation by 41.3% in the first quarter. Algert Global LLC now owns 397,621 shares of the electronics maker’s stock valued at $767,000 after buying an additional 116,263 shares during the last quarter. Finally, Royce & Associates LP raised its position in Kemet Corporation by 9.7% in the first quarter. Royce & Associates LP now owns 4,042,947 shares of the electronics maker’s stock valued at $7,803,000 after buying an additional 357,600 shares during the last quarter. Hedge funds and other institutional investors own 56.85% of the company’s stock.
About Kemet Corporation
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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