KEMET (NYSE:KEM) Trading 7.2% Higher

KEMET Co. (NYSE:KEM) shares traded up 7.2% during mid-day trading on Friday . The company traded as high as $20.52 and last traded at $19.78, 2,799,342 shares traded hands during mid-day trading. An increase of 149% from the average session volume of 1,122,992 shares. The stock had previously closed at $18.46.

A number of equities analysts have issued reports on the company. Zacks Investment Research lowered KEMET from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th. ValuEngine lowered KEMET from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Stifel Nicolaus raised KEMET from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Friday. Finally, B. Riley upped their target price on KEMET from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. KEMET presently has an average rating of “Hold” and a consensus price target of $25.33.

The stock has a 50-day simple moving average of $18.73 and a 200-day simple moving average of $18.09. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 5.87 and a beta of 2.62. The company has a current ratio of 2.49, a quick ratio of 1.55 and a debt-to-equity ratio of 0.42.



KEMET (NYSE:KEM) last announced its earnings results on Thursday, August 1st. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.11. KEMET had a return on equity of 36.26% and a net margin of 15.12%. The company had revenue of $345.20 million for the quarter, compared to analyst estimates of $343.72 million. During the same period in the prior year, the company posted $0.55 EPS. KEMET’s quarterly revenue was up 5.4% on a year-over-year basis. On average, research analysts forecast that KEMET Co. will post 2.65 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Thursday, August 15th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Wednesday, August 14th. KEMET’s payout ratio is 5.93%.

In other news, VP Shignori Oyama sold 22,500 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $17.71, for a total value of $398,475.00. Following the completion of the sale, the vice president now directly owns 117,070 shares in the company, valued at approximately $2,073,309.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ronald James Assaf sold 3,334 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $21.90, for a total value of $73,014.60. Following the completion of the sale, the senior vice president now owns 57,743 shares of the company’s stock, valued at $1,264,571.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,168 shares of company stock worth $535,536. 1.76% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of KEM. BNP Paribas Arbitrage SA increased its holdings in shares of KEMET by 244.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 11,945 shares of the electronics maker’s stock valued at $203,000 after acquiring an additional 8,473 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of KEMET by 109.4% in the 1st quarter. Bank of Montreal Can now owns 5,340 shares of the electronics maker’s stock valued at $90,000 after acquiring an additional 2,790 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of KEMET by 25.7% in the 1st quarter. SG Americas Securities LLC now owns 9,475 shares of the electronics maker’s stock valued at $161,000 after acquiring an additional 1,939 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of KEMET in the 1st quarter valued at approximately $171,000. Finally, Alps Advisors Inc. bought a new stake in shares of KEMET in the 1st quarter valued at approximately $376,000. Institutional investors and hedge funds own 80.61% of the company’s stock.

About KEMET (NYSE:KEM)

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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