23,155 Shares in Kemet Corporation (NYSE:KEM) Purchased by Alps Advisors Inc.

Alps Advisors Inc. acquired a new position in Kemet Corporation (NYSE:KEM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 23,155 shares of the electronics maker’s stock, valued at approximately $489,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KEM. Globeflex Capital L P purchased a new position in Kemet in the 2nd quarter worth approximately $105,000. State of Tennessee Treasury Department purchased a new position in Kemet in the 3rd quarter worth approximately $108,000. Denali Advisors LLC bought a new stake in Kemet in the 3rd quarter worth approximately $122,000. JPMorgan Chase & Co. bought a new stake in Kemet in the 2nd quarter worth approximately $125,000. Finally, UBS Asset Management Americas Inc. bought a new stake in Kemet in the 2nd quarter worth approximately $143,000. Institutional investors own 69.90% of the company’s stock.

In other news, CFO William M. Lowe, Jr. sold 21,903 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $16.08, for a total transaction of $352,200.24. Following the completion of the sale, the chief financial officer now owns 523,038 shares of the company’s stock, valued at approximately $8,410,451.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.88% of the company’s stock.

Kemet Corporation (KEM) traded down $0.73 during trading hours on Monday, reaching $14.72. 2,115,376 shares of the company’s stock were exchanged, compared to its average volume of 1,472,935. Kemet Corporation has a fifty-two week low of $5.62 and a fifty-two week high of $27.35. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.73 and a current ratio of 2.51. The company has a market cap of $871.09, a P/E ratio of 15.93 and a beta of 3.44.

Kemet (NYSE:KEM) last issued its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. Kemet had a net margin of 31.16% and a return on equity of 21.07%. The firm had revenue of $301.47 million during the quarter, compared to the consensus estimate of $298.51 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The company’s revenue for the quarter was up 60.9% compared to the same quarter last year. equities analysts predict that Kemet Corporation will post 1.44 earnings per share for the current year.

A number of equities research analysts have commented on the stock. BidaskClub raised shares of Kemet from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 8th. B. Riley reaffirmed a “buy” rating and issued a $24.25 target price on shares of Kemet in a research report on Tuesday, August 8th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Kemet in a research report on Monday, August 7th. ValuEngine downgraded shares of Kemet from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Zacks Investment Research downgraded shares of Kemet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Kemet has an average rating of “Hold” and a consensus price target of $22.50.

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Kemet 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.

Institutional Ownership by Quarter for Kemet (NYSE:KEM)

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