Kemet (NYSE:KEM) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

KEM has been the subject of several other reports. Zacks Investment Research upgraded Kemet from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a research note on Friday, October 6th. B. Riley restated a “buy” rating and set a $27.50 price target on shares of Kemet in a research note on Tuesday, October 31st. TheStreet lowered Kemet from a “b” rating to a “c” rating in a research note on Thursday, November 2nd. BidaskClub upgraded Kemet from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Kemet in a research note on Monday, August 7th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $22.50.

Kemet (NYSE KEM) opened at $15.45 on Friday. Kemet has a 1-year low of $5.41 and a 1-year high of $27.35. The firm has a market capitalization of $871.10, a price-to-earnings ratio of 15.93 and a beta of 3.47. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.51 and a quick ratio of 1.73.

Kemet (NYSE:KEM) last released its earnings results on Thursday, November 2nd. The electronics maker reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The firm had revenue of $301.47 million during the quarter, compared to analyst estimates of $298.51 million. Kemet had a return on equity of 21.07% and a net margin of 31.16%. The business’s quarterly revenue was up 60.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share. equities research analysts anticipate that Kemet will post 1.44 EPS for the current year.

In other news, CFO William M. Lowe, Jr. sold 21,903 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $16.08, for a total value of $352,200.24. Following the completion of the sale, the chief financial officer now owns 523,038 shares of the company’s stock, valued at $8,410,451.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.88% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its holdings in Kemet by 59.8% during the 2nd quarter. Renaissance Technologies LLC now owns 3,789,099 shares of the electronics maker’s stock worth $48,500,000 after buying an additional 1,418,000 shares during the last quarter. Numeric Investors LLC lifted its holdings in Kemet by 1,622.5% during the 2nd quarter. Numeric Investors LLC now owns 1,111,039 shares of the electronics maker’s stock worth $14,221,000 after buying an additional 1,046,539 shares during the last quarter. State Street Corp lifted its holdings in Kemet by 1,972.6% during the 2nd quarter. State Street Corp now owns 750,547 shares of the electronics maker’s stock worth $9,606,000 after buying an additional 714,335 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Kemet by 289.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 626,776 shares of the electronics maker’s stock worth $13,243,000 after buying an additional 465,727 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Kemet by 4,743.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 471,288 shares of the electronics maker’s stock worth $10,265,000 after buying an additional 461,558 shares during the last quarter. 69.78% of the stock is owned by hedge funds and other institutional investors.

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About Kemet

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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