Shares of Kemet Corporation (NYSE:KEM) have received a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $27.50.

KEM has been the topic of a number of research analyst reports. Zacks Investment Research raised Kemet from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a report on Friday, October 6th. B. Riley reaffirmed a “buy” rating and issued a $27.50 target price on shares of Kemet in a report on Tuesday, October 31st. TheStreet lowered Kemet from a “b” rating to a “c” rating in a report on Thursday, November 2nd. Finally, ValuEngine lowered Kemet from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

Shares of Kemet (NYSE KEM) opened at $15.77 on Thursday. The stock has a market capitalization of $889.14, a P/E ratio of 3.21 and a beta of 3.45. The company has a quick ratio of 1.73, a current ratio of 2.51 and a debt-to-equity ratio of 0.75. Kemet has a fifty-two week low of $6.21 and a fifty-two week high of $27.35.

Kemet (NYSE:KEM) last released its earnings results on Thursday, November 2nd. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The firm had revenue of $301.47 million for 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 company’s revenue was up 60.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. equities research analysts forecast that Kemet will post 1.44 earnings per share for the current fiscal year.

In other news, CFO William M. Lowe, Jr. sold 21,903 shares of Kemet stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $16.08, for a total transaction of $352,200.24. Following the sale, the chief financial officer now owns 523,038 shares of the company’s stock, valued at approximately $8,410,451.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.88% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in shares of Kemet during the 3rd quarter worth approximately $656,000. GSA Capital Partners LLP bought a new position in shares of Kemet during the 3rd quarter worth approximately $737,000. Sterling Capital Management LLC bought a new position in shares of Kemet during the 3rd quarter worth approximately $761,000. Piedmont Investment Advisors LLC bought a new position in shares of Kemet during the 3rd quarter worth approximately $225,000. Finally, California Public Employees Retirement System lifted its position in shares of Kemet by 12.9% during the 3rd quarter. California Public Employees Retirement System now owns 141,211 shares of the electronics maker’s stock worth $2,984,000 after buying an additional 16,111 shares during the period. 69.79% of the stock is currently owned by 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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