KEMET Co. (NYSE:KEM) VP Shignori Oyama sold 30,000 shares of KEMET stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $18.69, for a total value of $560,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NYSE KEM traded down $0.56 during trading on Thursday, reaching $18.88. 950,651 shares of the company’s stock were exchanged, compared to its average volume of 1,385,944. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 11.65 and a beta of 2.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.39 and a quick ratio of 1.54. KEMET Co. has a 1 year low of $15.55 and a 1 year high of $29.85.
KEMET (NYSE:KEM) last announced its quarterly earnings results on Thursday, January 31st. The electronics maker reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.19. The company had revenue of $350.18 million during the quarter, compared to the consensus estimate of $353.36 million. KEMET had a return on equity of 32.59% and a net margin of 8.59%. As a group, equities research analysts expect that KEMET Co. will post 3.24 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of KEMET by 4.8% during the second quarter. Bank of New York Mellon Corp now owns 1,003,590 shares of the electronics maker’s stock worth $24,237,000 after purchasing an additional 46,047 shares in the last quarter. Man Group plc increased its position in shares of KEMET by 62.0% during the third quarter. Man Group plc now owns 202,957 shares of the electronics maker’s stock worth $3,765,000 after purchasing an additional 77,700 shares in the last quarter. SignalPoint Asset Management LLC acquired a new stake in shares of KEMET during the fourth quarter worth about $548,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of KEMET by 30.7% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,694 shares of the electronics maker’s stock worth $254,000 after purchasing an additional 3,215 shares in the last quarter. Finally, MetLife Investment Advisors LLC increased its position in shares of KEMET by 51.8% during the third quarter. MetLife Investment Advisors LLC now owns 39,160 shares of the electronics maker’s stock worth $726,000 after purchasing an additional 13,362 shares in the last quarter. Institutional investors and hedge funds own 80.55% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised KEMET from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, February 6th. ValuEngine raised KEMET from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 31st.
KEMET Company 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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