KEMET Co. (KEM) Given Average Recommendation of “Buy” by Brokerages

KEMET Co. (NYSE:KEM) has received a consensus rating of “Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $22.25.

A number of analysts have issued reports on KEM shares. Zacks Investment Research downgraded KEMET from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. TheStreet downgraded KEMET from a “b” rating to a “c” rating in a report on Thursday, November 2nd. ValuEngine downgraded KEMET from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, B. Riley reaffirmed a “buy” rating and set a $22.50 price target on shares of KEMET in a report on Monday, January 22nd.

In other news, Director Joseph Vincent Borruso sold 20,332 shares of KEMET stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $20.00, for a total transaction of $406,640.00. Following the sale, the director now owns 70,134 shares in the company, valued at $1,402,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William M. Lowe, Jr. sold 21,903 shares of KEMET 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 sale, the chief financial officer now owns 523,038 shares in the company, valued at approximately $8,410,451.04. The disclosure for this sale can be found here. 3.88% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. James Investment Research Inc. increased its position in shares of KEMET by 9.0% during the fourth quarter. James Investment Research Inc. now owns 71,630 shares of the electronics maker’s stock worth $1,079,000 after purchasing an additional 5,910 shares in the last quarter. Strs Ohio increased its position in shares of KEMET by 35.1% during the fourth quarter. Strs Ohio now owns 56,600 shares of the electronics maker’s stock worth $852,000 after purchasing an additional 14,700 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of KEMET during the fourth quarter worth about $146,000. Fox Run Management L.L.C. increased its position in shares of KEMET by 184.2% during the fourth quarter. Fox Run Management L.L.C. now owns 31,550 shares of the electronics maker’s stock worth $475,000 after purchasing an additional 20,450 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of KEMET by 12.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 246,688 shares of the electronics maker’s stock worth $3,716,000 after purchasing an additional 27,325 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

Shares of KEMET (KEM) opened at $19.73 on Monday. The stock has a market capitalization of $1,110.00, a PE ratio of 4.02 and a beta of 3.45. The company has a current ratio of 2.51, a quick ratio of 1.73 and a debt-to-equity ratio of 0.75. KEMET has a fifty-two week low of $6.73 and a fifty-two week high of $27.35.

KEMET (NYSE:KEM) last announced its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. The company had revenue of $301.47 million during the quarter, compared to the consensus estimate of $298.51 million. KEMET had a return on equity of 21.07% and a net margin of 31.16%. KEMET’s revenue for the quarter was up 60.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 EPS. sell-side analysts predict that KEMET will post 1.45 earnings per share for the current fiscal year.

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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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