SignalPoint Asset Management LLC Invests $548,000 in KEMET Co. (KEM) Stock

SignalPoint Asset Management LLC purchased a new position in KEMET Co. (NYSE:KEM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 31,223 shares of the electronics maker’s stock, valued at approximately $548,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Csenge Advisory Group acquired a new stake in KEMET in the 3rd quarter worth $27,000. Meeder Asset Management Inc. grew its position in KEMET by 2,554.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 6,158 shares of the electronics maker’s stock worth $113,000 after purchasing an additional 5,926 shares during the last quarter. Tower Research Capital LLC TRC grew its position in KEMET by 175.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,547 shares of the electronics maker’s stock worth $122,000 after purchasing an additional 4,166 shares during the last quarter. Cerebellum GP LLC acquired a new stake in KEMET in the 3rd quarter worth $172,000. Finally, Canada Pension Plan Investment Board grew its position in KEMET by 74.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 10,300 shares of the electronics maker’s stock worth $191,000 after purchasing an additional 4,400 shares during the last quarter. Institutional investors own 79.65% of the company’s stock.

Several analysts have issued reports on KEM shares. Zacks Investment Research upgraded shares of KEMET from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Wednesday, January 16th. ValuEngine upgraded shares of KEMET from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Macquarie started coverage on shares of KEMET in a research report on Monday, October 8th. They issued an “outperform” rating on the stock.

In other news, CFO William M. Lowe, Jr. sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $18.99, for a total transaction of $1,899,000.00. Following the completion of the transaction, the chief financial officer now directly owns 255,332 shares of the company’s stock, valued at approximately $4,848,754.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ronald James Assaf sold 3,333 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $21.39, for a total transaction of $71,292.87. Following the transaction, the senior vice president now directly owns 80,556 shares of the company’s stock, valued at $1,723,092.84. The disclosure for this sale can be found here. Insiders have sold a total of 109,999 shares of company stock valued at $2,103,180 over the last ninety days. 2.95% of the stock is owned by insiders.

NYSE:KEM opened at $18.43 on Wednesday. The stock has a market cap of $1.09 billion, a PE ratio of 11.38 and a beta of 2.87. KEMET Co. has a 52 week low of $15.55 and a 52 week high of $29.85. The company has a quick ratio of 1.77, a current ratio of 2.60 and a debt-to-equity ratio of 0.58.

KEMET (NYSE:KEM) last released its quarterly earnings data on Tuesday, October 30th. The electronics maker reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.27. The company had revenue of $349.20 million during the quarter, compared to the consensus estimate of $335.56 million. KEMET had a net margin of 7.18% and a return on equity of 27.21%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. On average, equities research analysts expect that KEMET Co. will post 3.16 EPS for the current year.

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KEMET Profile

KEMET Corporation manufactures and sells passive electronic components under the KEMET brand worldwide. The company operates in three segments: Solid Capacitors, Film and Electrolytic; and Electro-Magnetic, Sensors, and Actuators. It offers tantalum, aluminum polymer, and ceramic capacitors; film, paper, and wet aluminum electrolytic capacitors; electromagnetic interference filters; and electro-magnetic compatible materials and devices, piezo materials and actuators, and various types of sensors.

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Institutional Ownership by Quarter for KEMET (NYSE:KEM)

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