Kemet Corporation (NYSE: KEM) has recently received a number of price target changes and ratings updates:

  • 8/7/2017 – Kemet Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus.
  • 8/3/2017 – Kemet Corporation had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $24.25 price target on the stock.
  • 8/2/2017 – Kemet Corporation was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 7/28/2017 – Kemet Corporation had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $20.00 price target on the stock.
  • 7/25/2017 – Kemet Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/14/2017 – Kemet Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $18.00 price target on the stock. According to Zacks, “KEMET Corporation and its subsidiaries is the world’s largest manufacturer of solid tantalum capacitors and and one of the world’s largest manufacturer of multilayer ceramic capacitors. According to industry sources, tantalum and ceramic capacitors are the two fastest growing sectors of the United States capacitor industry. Capacitors are electronic components that store, filter and regulate electrical energy and current flow and are one of the essential passive components used on circuit boards. “
  • 7/14/2017 – Kemet Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $12.00 price target on the stock.
  • 7/12/2017 – Kemet Corporation was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “KEMET Corporation and its subsidiaries is the world’s largest manufacturer of solid tantalum capacitors and and one of the world’s largest manufacturer of multilayer ceramic capacitors. According to industry sources, tantalum and ceramic capacitors are the two fastest growing sectors of the United States capacitor industry. Capacitors are electronic components that store, filter and regulate electrical energy and current flow and are one of the essential passive components used on circuit boards. “
  • 7/12/2017 – Kemet Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Kemet Corporation (NYSE:KEM) opened at 18.95 on Tuesday. The firm has a market capitalization 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 one year low of $3.24 and a one year high of $19.15.

Kemet Corporation (NYSE:KEM) last announced its earnings results on Wednesday, August 2nd. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.15. Kemet Corporation had a net margin of 33.25% and a return on equity of 32.96%. The business had revenue of $274 million for the quarter, compared to analyst estimates of $282.52 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. Kemet Corporation’s revenue was up 48.2% compared to the same quarter last year. Analysts forecast that Kemet Corporation will post $1.57 EPS for the current fiscal year.

In other Kemet Corporation news, insider Charles C. Meeks, Jr. sold 30,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $18.89, for a total value of $566,700.00. Following the sale, the insider now owns 259,781 shares of the company’s stock, valued at approximately $4,907,263.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Per Olof Loof sold 133,334 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $13.13, for a total transaction of $1,750,675.42. Following the completion of the sale, the chief executive officer now directly owns 1,101,976 shares in the company, valued at approximately $14,468,944.88. The disclosure for this sale can be found here. Insiders have sold 365,590 shares of company stock worth $5,248,257 in the last ninety days. 3.88% of the stock is currently owned by insiders.

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.

Receive News & Ratings for Kemet Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kemet Corporation and related companies with MarketBeat.com's FREE daily email newsletter.