KEMET Co. (KEM) CEO Per Olof Loof Sells 5,500 Shares

KEMET Co. (NYSE:KEM) CEO Per Olof Loof sold 5,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $17.56, for a total value of $96,580.00. Following the sale, the chief executive officer now owns 1,124,822 shares of the company’s stock, valued at approximately $19,751,874.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

KEMET Co. (NYSE:KEM) traded up $0.53 during trading on Wednesday, reaching $17.72. The company had a trading volume of 1,003,525 shares, compared to its average volume of 2,090,550. The stock has a market capitalization of $992.86, a PE ratio of 3.51 and a beta of 3.63. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.74 and a current ratio of 2.49. KEMET Co. has a 12 month low of $7.95 and a 12 month high of $27.35.

KEMET (NYSE:KEM) last released its quarterly earnings results on Thursday, February 1st. The electronics maker reported $0.48 earnings per share (EPS) for the quarter, beating 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 business had revenue of $306.40 million during the quarter, compared to analyst estimates of $295.68 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. KEMET’s revenue for the quarter was up 63.0% on a year-over-year basis. equities research analysts anticipate that KEMET Co. will post 1.62 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System grew its holdings in KEMET by 14.1% during the third quarter. State Board of Administration of Florida Retirement System now owns 17,027 shares of the electronics maker’s stock valued at $360,000 after purchasing an additional 2,110 shares during the period. Cubist Systematic Strategies LLC grew its holdings in KEMET by 13.1% during the second quarter. Cubist Systematic Strategies LLC now owns 24,759 shares of the electronics maker’s stock valued at $317,000 after purchasing an additional 2,875 shares during the period. State of Tennessee Treasury Department bought a new stake in KEMET during the third quarter valued at about $108,000. UBS Asset Management Americas Inc. grew its holdings in KEMET by 46.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 16,400 shares of the electronics maker’s stock valued at $247,000 after purchasing an additional 5,200 shares during the period. Finally, Denali Advisors LLC bought a new stake in KEMET during the third quarter valued at about $122,000. 69.39% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently commented on the company. B. Riley upped their price objective on KEMET from $22.50 to $24.75 and gave the company a “buy” rating in a research report on Friday, February 2nd. ValuEngine upgraded KEMET from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research cut KEMET from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, TheStreet cut KEMET from a “b” rating to a “c” rating in a research 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. The stock presently has an average rating of “Buy” and an average target price of $19.58.

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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.

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

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