Insider Selling: Kemet Corporation (KEM) Director Sells 20,332 Shares of Stock

Kemet Corporation (NYSE:KEM) Director Joseph Vincent Borruso sold 20,332 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $20.00, for a total value of $406,640.00. Following the sale, the director now owns 70,134 shares of the company’s stock, valued at approximately $1,402,680. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Kemet Corporation (NYSE KEM) traded down $0.50 on Monday, hitting $19.47. The stock had a trading volume of 2,368,668 shares, compared to its average volume of 1,592,269. The stock has a market capitalization of $1,100.00, a price-to-earnings ratio of 3.97 and a beta of 3.45. Kemet Corporation has a one year low of $6.64 and a one year high of $27.35. 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 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The company 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 company’s revenue for the quarter was up 60.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 earnings per share. equities analysts expect that Kemet Corporation will post 1.44 earnings per share for the current year.

A number of equities research analysts have recently commented on KEM shares. B. Riley reiterated a “buy” rating and set a $22.50 price objective on shares of Kemet in a research report on Monday. TheStreet downgraded Kemet from a “b” rating to a “c” rating in a research report on Thursday, November 2nd. ValuEngine downgraded Kemet from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Zacks Investment Research lowered Kemet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Kemet currently has a consensus rating of “Hold” and an average price target of $20.83.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in shares of Kemet by 59.8% in the second quarter. Renaissance Technologies LLC now owns 3,789,099 shares of the electronics maker’s stock valued at $48,500,000 after purchasing an additional 1,418,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Kemet by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,008,032 shares of the electronics maker’s stock valued at $38,503,000 after purchasing an additional 179,841 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Kemet by 13.1% in the second quarter. Vanguard Group Inc. now owns 1,748,043 shares of the electronics maker’s stock valued at $22,374,000 after purchasing an additional 202,892 shares in the last quarter. Numeric Investors LLC lifted its holdings in shares of Kemet by 1,622.5% in the second quarter. Numeric Investors LLC now owns 1,111,039 shares of the electronics maker’s stock valued at $14,221,000 after purchasing an additional 1,046,539 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Kemet by 1,972.6% in the second quarter. State Street Corp now owns 750,547 shares of the electronics maker’s stock valued at $9,606,000 after purchasing an additional 714,335 shares in the last quarter. Institutional investors own 69.35% of the company’s stock.

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Kemet 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.

Insider Buying and Selling by Quarter for Kemet (NYSE:KEM)

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