First Hawaiian Bank Takes Position in KEMET Co. (KEM)

First Hawaiian Bank purchased a new position in KEMET Co. (NYSE:KEM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 19,050 shares of the electronics maker’s stock, valued at approximately $353,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cerebellum GP LLC bought a new position in KEMET in the third quarter worth approximately $172,000. Nwam LLC bought a new position in KEMET in the third quarter worth approximately $378,000. Copper Rock Capital Partners LLC raised its position in KEMET by 0.7% in the third quarter. Copper Rock Capital Partners LLC now owns 807,037 shares of the electronics maker’s stock worth $15,003,000 after acquiring an additional 5,836 shares during the period. United Services Automobile Association bought a new position in KEMET in the second quarter worth approximately $283,000. Finally, Northern Trust Corp raised its position in KEMET by 5.5% in the second quarter. Northern Trust Corp now owns 664,678 shares of the electronics maker’s stock worth $16,051,000 after acquiring an additional 34,416 shares during the period. Institutional investors and hedge funds own 77.30% of the company’s stock.

A number of analysts have recently issued reports on the stock. Macquarie assumed coverage on shares of KEMET in a research note on Monday, October 8th. They issued an “outperform” rating for the company. ValuEngine cut shares of KEMET from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 27th. Zacks Investment Research cut shares of KEMET from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 26th. Finally, B. Riley increased their price objective on shares of KEMET and gave the stock a “buy” rating in a research note on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $28.88.



In related news, CEO Per Olof Loof sold 10,000 shares of the firm’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $25.40, for a total transaction of $254,000.00. Following the completion of the transaction, the chief executive officer now directly owns 888,992 shares of the company’s stock, valued at $22,580,396.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ronald James Assaf sold 3,333 shares of the firm’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $25.06, for a total transaction of $83,524.98. Following the transaction, the senior vice president now directly owns 93,288 shares of the company’s stock, valued at $2,337,797.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,666 shares of company stock valued at $398,852. Corporate insiders own 2.95% of the company’s stock.

Shares of NYSE KEM opened at $16.28 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.44 and a quick ratio of 1.66. The firm has a market capitalization of $956.25 million, a PE ratio of 10.05 and a beta of 3.84. KEMET Co. has a 1 year low of $13.73 and a 1 year high of $29.85.

KEMET (NYSE:KEM) last announced its quarterly earnings data on Wednesday, July 25th. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.08. The firm had revenue of $327.62 million during the quarter, compared to analysts’ expectations of $318.22 million. KEMET had a net margin of 5.52% and a return on equity of 23.78%. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 earnings per share. As a group, research analysts predict that KEMET Co. will post 2.27 earnings per share for the current fiscal year.

KEMET Company Profile

KEMET Corporation manufactures and sells passive electronic components under the KEMET brand worldwide. The company operates in three segments: Solid Capacitors, Film and Electrolytic; and Electro-Magnetic, Sensors, and Actuators. It offers tantalum, aluminum polymer, and ceramic capacitors; film, paper, and wet aluminum electrolytic capacitors; electromagnetic interference filters; and electro-magnetic compatible materials and devices, piezo materials and actuators, and various types of sensors.

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Institutional Ownership by Quarter for KEMET (NYSE:KEM)

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