KEMET Co. (NYSE:KEM) VP Gregory C. Thompson purchased 11,100 shares of the business’s stock in a transaction on Thursday, February 7th. The shares were bought at an average cost of $17.97 per share, for a total transaction of $199,467.00. Following the purchase, the vice president now owns 105,000 shares of the company’s stock, valued at $1,886,850. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
KEMET stock opened at $18.07 on Friday. KEMET Co. has a 52-week low of $15.55 and a 52-week high of $29.85. The firm has a market capitalization of $1.04 billion, a PE ratio of 6.59 and a beta of 2.64. The company has a quick ratio of 1.54, a current ratio of 2.39 and a debt-to-equity ratio of 0.51.
KEMET (NYSE:KEM) last released its quarterly earnings data on Thursday, January 31st. The electronics maker reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.19. KEMET had a net margin of 8.59% and a return on equity of 32.59%. The company had revenue of $350.18 million during the quarter, compared to analyst estimates of $353.36 million. Research analysts anticipate that KEMET Co. will post 3.24 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on KEM shares. Zacks Investment Research lowered shares of KEMET from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. ValuEngine lowered shares of KEMET from a “hold” rating to a “sell” rating in a research report on Monday, November 12th.
Institutional investors have recently added to or reduced their stakes in the company. Csenge Advisory Group acquired a new stake in shares of KEMET in the third quarter worth $27,000. IFP Advisors Inc acquired a new stake in shares of KEMET in the fourth quarter worth $35,000. Bank of Montreal Can grew its holdings in KEMET by 51.0% during the 4th quarter. Bank of Montreal Can now owns 2,550 shares of the electronics maker’s stock valued at $44,000 after purchasing an additional 861 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in KEMET by 249.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,417 shares of the electronics maker’s stock valued at $78,000 after purchasing an additional 3,154 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in KEMET by 2,554.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 6,158 shares of the electronics maker’s stock valued at $113,000 after purchasing an additional 5,926 shares in the last quarter. 79.44% of the stock is owned by institutional investors.
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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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