73,477 Shares in KEMET Co. (KEM) Acquired by Suffolk Capital Management LLC

Suffolk Capital Management LLC acquired a new position in shares of KEMET Co. (NYSE:KEM) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 73,477 shares of the electronics maker’s stock, valued at approximately $1,107,000. Suffolk Capital Management LLC owned about 0.13% of KEMET at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. NJ State Employees Deferred Compensation Plan acquired a new position in shares of KEMET during the 3rd quarter worth approximately $845,000. Teachers Advisors LLC acquired a new position in shares of KEMET during the 2nd quarter worth approximately $1,039,000. JPMorgan Chase & Co. raised its position in shares of KEMET by 4,743.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 471,288 shares of the electronics maker’s stock worth $10,265,000 after purchasing an additional 461,558 shares during the last quarter. Alliancebernstein L.P. acquired a new position in KEMET in the 2nd quarter valued at $694,000. Finally, IFP Advisors Inc acquired a new position in KEMET in the 3rd quarter valued at $459,000. Hedge funds and other institutional investors own 69.39% of the company’s stock.

KEMET Co. (NYSE:KEM) opened at $18.42 on Friday. The company has a quick ratio of 1.74, a current ratio of 2.49 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $1,010.41, a price-to-earnings ratio of 3.47 and a beta of 3.63. KEMET Co. has a twelve month low of $7.95 and a twelve month high of $27.35.

KEMET (NYSE:KEM) last issued its quarterly earnings results on Thursday, February 1st. The electronics maker reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.16. The company had revenue of $306.40 million during the quarter, compared to the consensus estimate of $295.68 million. KEMET had a return on equity of 22.51% and a net margin of 28.33%. KEMET’s revenue was up 63.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. equities research analysts anticipate that KEMET Co. will post 1.62 earnings per share for the current fiscal year.

In other news, CFO William M. Lowe, Jr. sold 24,700 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $16.93, for a total transaction of $418,171.00. Following the completion of the sale, the chief financial officer now directly owns 461,570 shares in the company, valued at approximately $7,814,380.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Ronald James Assaf sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $16.89, for a total value of $337,800.00. Following the sale, the senior vice president now owns 94,225 shares of the company’s stock, valued at $1,591,460.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,532 shares of company stock valued at $1,259,191. Insiders own 3.88% of the company’s stock.

Several research analysts have weighed in on the company. B. Riley boosted their price target on KEMET from $22.50 to $24.75 and gave the company a “buy” rating in a report on Friday, February 2nd. ValuEngine upgraded KEMET from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded KEMET from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, TheStreet downgraded KEMET from a “b” rating to a “c” rating in a report on Thursday, November 2nd. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $19.58.

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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.

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Institutional Ownership by Quarter for KEMET (NYSE:KEM)

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