KEMET Co. (KEM) VP Sells $560,700.00 in Stock

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.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 25th. Shareholders of record on Thursday, February 14th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, February 13th. KEMET’s dividend payout ratio (DPR) is 12.35%.

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.

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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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