Kemet Corporation (NYSE:KEM) Shares Bought by Legal & General Group Plc

Legal & General Group Plc grew its stake in shares of Kemet Corporation (NYSE:KEM) by 663.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 88,152 shares of the electronics maker’s stock after acquiring an additional 76,610 shares during the period. Legal & General Group Plc owned about 0.16% of Kemet worth $1,864,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KEM. Russell Investments Group Ltd. raised its stake in Kemet by 34.5% in the second quarter. Russell Investments Group Ltd. now owns 81,639 shares of the electronics maker’s stock worth $1,044,000 after buying an additional 20,949 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new position in Kemet in the second quarter worth $982,000. Rhumbline Advisers purchased a new position in Kemet in the second quarter worth $634,000. Bank of New York Mellon Corp grew its holdings in Kemet by 373.2% in the second quarter. Bank of New York Mellon Corp now owns 161,049 shares of the electronics maker’s stock worth $2,061,000 after purchasing an additional 127,012 shares during the last quarter. Finally, Federated Investors Inc. PA grew its holdings in Kemet by 4,509.4% in the second quarter. Federated Investors Inc. PA now owns 33,925 shares of the electronics maker’s stock worth $434,000 after purchasing an additional 33,189 shares during the last quarter. 69.79% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Kemet Corporation (KEM) opened at $17.25 on Friday. Kemet Corporation has a 1-year low of $6.64 and a 1-year high of $27.35. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.51 and a quick ratio of 1.73. The company has a market cap of $972.58, a price-to-earnings ratio of 3.51 and a beta of 3.45.

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

KEM has been the topic of several analyst reports. B. Riley reaffirmed a “buy” rating and issued a $27.50 price target on shares of Kemet in a report on Tuesday, October 31st. TheStreet lowered shares of Kemet from a “b” rating to a “c” rating in a report on Thursday, November 2nd. Zacks Investment Research lowered shares of Kemet from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Finally, ValuEngine lowered shares of Kemet from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Kemet has an average rating of “Hold” and an average target price of $22.50.

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About Kemet

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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