KEMET Co. (NYSE:KEM) CFO William M. Lowe, Jr. sold 18,900 shares of the company’s stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $18.47, for a total value of $349,083.00. Following the transaction, the chief financial officer now owns 408,732 shares of the company’s stock, valued at $7,549,280.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of KEMET traded down $0.15, hitting $18.55, on Thursday, MarketBeat Ratings reports. The company’s stock had a trading volume of 33,883 shares, compared to its average volume of 1,350,124. KEMET Co. has a 12 month low of $11.73 and a 12 month high of $27.35. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 11.48 and a beta of 3.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.66 and a current ratio of 2.37.
KEMET (NYSE:KEM) last released its quarterly earnings results on Thursday, May 17th. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.04. KEMET had a return on equity of 22.42% and a net margin of 21.28%. The company had revenue of $318.00 million during the quarter, compared to analysts’ expectations of $306.72 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was up 61.0% compared to the same quarter last year. equities research analysts predict that KEMET Co. will post 1.74 EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new position in shares of KEMET in the first quarter worth $109,000. Flinton Capital Management LLC bought a new position in shares of KEMET in the fourth quarter worth $107,000. Financial Gravity Wealth Inc. bought a new position in shares of KEMET in the first quarter worth $143,000. State of Alaska Department of Revenue bought a new position in shares of KEMET in the fourth quarter worth $146,000. Finally, AdvisorNet Financial Inc grew its stake in shares of KEMET by 59.2% in the first quarter. AdvisorNet Financial Inc now owns 9,750 shares of the electronics maker’s stock worth $177,000 after purchasing an additional 3,625 shares in the last quarter. 71.96% of the stock is owned by institutional investors.
A number of brokerages recently commented on KEM. Zacks Investment Research upgraded KEMET from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research note on Wednesday, January 24th. B. Riley upped their price objective on KEMET from $22.50 to $24.75 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, ValuEngine raised KEMET from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.58.
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.
Receive News & Ratings for KEMET Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KEMET and related companies with MarketBeat.com's FREE daily email newsletter.