KEMET Co. (KEM) CFO William M. Lowe, Jr. Sells 24,700 Shares

KEMET Co. (NYSE:KEM) CFO William M. Lowe, Jr. sold 24,700 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $16.93, for a total value of $418,171.00. Following the completion of the sale, the chief financial officer now directly owns 461,570 shares of the company’s stock, valued at approximately $7,814,380.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

KEMET Co. (NYSE KEM) traded up $0.85 on Tuesday, reaching $18.22. The company had a trading volume of 2,638,061 shares, compared to its average volume of 2,191,242. KEMET Co. has a 12-month low of $7.58 and a 12-month high of $27.35. The company has a current ratio of 2.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.70. The firm has a market cap of $1,030.00, a price-to-earnings ratio of 3.71 and a beta of 3.63.

KEMET (NYSE:KEM) last posted its earnings results on Thursday, February 1st. The electronics maker reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.16. KEMET had a return on equity of 22.51% and a net margin of 28.33%. The firm had revenue of $306.40 million during the quarter, compared to analyst estimates of $295.68 million. During the same period in the previous year, the company earned $0.11 EPS. The company’s revenue for the quarter was up 63.0% on a year-over-year basis. research analysts expect that KEMET Co. will post 1.45 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System lifted its holdings in KEMET by 14.1% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 17,027 shares of the electronics maker’s stock worth $360,000 after purchasing an additional 2,110 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in KEMET by 13.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 24,759 shares of the electronics maker’s stock worth $317,000 after purchasing an additional 2,875 shares during the last quarter. State of Tennessee Treasury Department acquired a new stake in KEMET in the 3rd quarter worth approximately $108,000. Denali Advisors LLC acquired a new stake in KEMET in the 3rd quarter worth approximately $122,000. Finally, James Investment Research Inc. lifted its holdings in KEMET by 9.0% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 69.01% of the company’s stock.

Several equities research analysts recently commented on the company. Zacks Investment Research raised KEMET from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. B. Riley boosted their price target on KEMET from $22.50 to $24.75 and gave the company a “buy” rating in a research note on Friday. ValuEngine raised KEMET from a “hold” rating to a “buy” rating in a research note on Friday. Finally, TheStreet lowered KEMET from a “b” rating to a “c” rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. KEMET currently has an average rating of “Buy” and a consensus target price of $19.58.

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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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