Shares of KEMET Co. (NYSE:KEM) have been given an average rating of “Hold” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $24.75.
Several equities analysts have commented on the company. Zacks Investment Research lowered KEMET from a “buy” rating to a “hold” rating in a research report on Thursday, April 5th. B. Riley reiterated a “buy” rating and issued a $22.50 price objective on shares of KEMET in a report on Monday, January 22nd. Finally, ValuEngine cut KEMET from a “buy” rating to a “hold” rating in a report on Monday, April 2nd.
In other KEMET news, Director Gurminder S. Bedi sold 24,999 shares of the stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $20.07, for a total transaction of $501,729.93. Following the transaction, the director now owns 81,201 shares in the company, valued at $1,629,704.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Per Olof Loof sold 5,500 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $17.56, for a total value of $96,580.00. Following the transaction, the chief executive officer now owns 1,124,822 shares in the company, valued at approximately $19,751,874.32. The disclosure for this sale can be found here. Insiders sold 165,531 shares of company stock worth $3,036,021 over the last three months. Corporate insiders own 3.88% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KEM. Flinton Capital Management LLC purchased a new position in KEMET during the fourth quarter worth approximately $107,000. State of Alaska Department of Revenue acquired a new stake in KEMET during the fourth quarter worth $146,000. Piedmont Investment Advisors LLC acquired a new stake in shares of KEMET in the third quarter valued at $225,000. Caxton Associates LP acquired a new stake in shares of KEMET in the third quarter valued at $251,000. Finally, Paloma Partners Management Co acquired a new stake in shares of KEMET in the fourth quarter valued at $216,000. Institutional investors and hedge funds own 70.14% of the company’s stock.
Shares of NYSE KEM opened at $18.87 on Friday. KEMET has a one year low of $10.83 and a one year high of $27.35. The company has a current ratio of 2.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.70. The company has a market cap of $1,021.16, a price-to-earnings ratio of 53.91 and a beta of 3.62.
KEMET (NYSE:KEM) last released its quarterly earnings data on Thursday, February 1st. The electronics maker reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.16. KEMET had a return on equity of 22.51% and a net margin of 28.33%. The firm had revenue of $306.40 million during the quarter, compared to analyst estimates of $295.68 million. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The business’s quarterly revenue was up 63.0% compared to the same quarter last year. sell-side analysts predict that KEMET will post 1.62 EPS for the current fiscal year.
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KEMET Company Profile
KEMET Corporation, together with its subsidiaries, manufactures and sells passive electronic components under the KEMET brand worldwide and the TOKIN brand in Japan and Korea. The company operates through three segments: Solid Capacitors; Film and Electrolytics; and Electro-magnetic, Sensors & Actuators.
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