Kemet Corporation (NYSE:KEM) Director Joseph Vincent Borruso sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $22.31, for a total value of $22,310.00. Following the transaction, the director now directly owns 83,334 shares of the company’s stock, valued at approximately $1,859,181.54. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Kemet Corporation (KEM) opened at 20.32 on Wednesday. The firm’s 50 day moving average price is $19.83 and its 200-day moving average price is $14.53. The stock has a market cap of $969.14 million, a P/E ratio of 4.21 and a beta of 3.55. Kemet Corporation has a 12-month low of $3.26 and a 12-month high of $24.64.
Kemet Corporation (NYSE:KEM) last posted its quarterly earnings results on Wednesday, August 2nd. The electronics maker reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.15. Kemet Corporation had a net margin of 33.25% and a return on equity of 20.21%. The firm had revenue of $274.00 million during the quarter, compared to the consensus estimate of $282.52 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The company’s revenue was up 48.2% on a year-over-year basis. Equities research analysts anticipate that Kemet Corporation will post $1.57 earnings per share for the current fiscal year.
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Institutional investors have recently bought and sold shares of the company. Globeflex Capital L P bought a new stake in shares of Kemet Corporation during the second quarter valued at approximately $105,000. Founders Capital Management bought a new stake in shares of Kemet Corporation during the first quarter valued at approximately $108,000. JPMorgan Chase & Co. bought a new stake in shares of Kemet Corporation during the second quarter valued at approximately $125,000. UBS Asset Management Americas Inc. bought a new stake in shares of Kemet Corporation during the second quarter valued at approximately $143,000. Finally, Legal & General Group Plc bought a new stake in shares of Kemet Corporation during the second quarter valued at approximately $147,000. 68.87% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on KEM. Zacks Investment Research downgraded Kemet Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub upgraded Kemet Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Stifel Nicolaus reiterated a “hold” rating and set a $12.00 target price on shares of Kemet Corporation in a report on Friday, July 14th. B. Riley reiterated a “buy” rating and set a $20.00 target price on shares of Kemet Corporation in a report on Friday, July 28th. Finally, TheStreet upgraded Kemet Corporation from a “c+” rating to a “b” rating in a report on Wednesday, August 2nd. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Kemet Corporation presently has an average rating of “Buy” and an average target price of $18.08.
Kemet Corporation 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.
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