Kemet Corporation (NYSE:KEM) insider Charles C. Meeks, Jr. sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $18.89, for a total transaction of $566,700.00. Following the sale, the insider now directly owns 259,781 shares of the company’s stock, valued at approximately $4,907,263.09. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Kemet Corporation (KEM) traded up 7.98% during mid-day trading on Monday, hitting $18.95. 2,300,622 shares of the stock traded hands. The stock has a market cap of $901.79 million, a price-to-earnings ratio of 3.91 and a beta of 3.60. The firm’s 50-day moving average is $14.79 and its 200-day moving average is $11.93. Kemet Corporation has a 52 week low of $3.24 and a 52 week high of $19.15.

Kemet Corporation (NYSE:KEM) last announced its earnings results on Wednesday, August 2nd. The electronics maker reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.15. The company had revenue of $274 million during the quarter, compared to the consensus estimate of $282.52 million. Kemet Corporation had a return on equity of 32.96% and a net margin of 33.25%. The firm’s revenue for the quarter was up 48.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 earnings per share. On average, analysts forecast that Kemet Corporation will post $1.57 earnings per share for the current year.

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Several brokerages have recently commented on KEM. B. Riley reaffirmed a “buy” rating and set a $24.25 price objective on shares of Kemet Corporation in a research report on Thursday. BidaskClub raised shares of Kemet Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Kemet Corporation in a research report on Monday. Finally, Zacks Investment Research raised shares of Kemet Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Thursday, May 4th. One equities 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 presently has an average rating of “Buy” and an average target price of $18.08.

Several institutional investors have recently made changes to their positions in the stock. Balter Liquid Alternatives LLC acquired a new position in shares of Kemet Corporation during the second quarter worth approximately $497,000. Federated Investors Inc. PA increased its position in shares of Kemet Corporation by 4,509.4% in the second quarter. Federated Investors Inc. PA now owns 33,925 shares of the electronics maker’s stock worth $434,000 after buying an additional 33,189 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Kemet Corporation during the second quarter worth approximately $147,000. Bank of New York Mellon Corp increased its position in shares of Kemet Corporation by 373.2% in the second quarter. Bank of New York Mellon Corp now owns 161,049 shares of the electronics maker’s stock worth $2,061,000 after buying an additional 127,012 shares in the last quarter. Finally, ClariVest Asset Management LLC increased its position in shares of Kemet Corporation by 51.6% in the second quarter. ClariVest Asset Management LLC now owns 252,016 shares of the electronics maker’s stock worth $3,226,000 after buying an additional 85,790 shares in the last quarter. Institutional investors own 56.85% of the company’s stock.

Kemet Corporation Company Profile

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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