Calamos Advisors LLC Takes Position in KEMET Co. (NYSE:KEM)

Calamos Advisors LLC acquired a new stake in shares of KEMET Co. (NYSE:KEM) during the third quarter, Holdings Channel reports. The institutional investor acquired 128,213 shares of the electronics maker’s stock, valued at approximately $2,331,000.

Several other institutional investors and hedge funds also recently made changes to their positions in KEM. Envestnet Asset Management Inc. raised its holdings in KEMET by 9.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 11,209 shares of the electronics maker’s stock valued at $204,000 after acquiring an additional 999 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in KEMET in the 3rd quarter valued at about $37,000. Campbell & CO Investment Adviser LLC acquired a new stake in KEMET in the 3rd quarter valued at about $248,000. Delphi Management Inc. MA raised its holdings in KEMET by 10.0% in the 3rd quarter. Delphi Management Inc. MA now owns 77,800 shares of the electronics maker’s stock valued at $1,414,000 after acquiring an additional 7,070 shares during the last quarter. Finally, Skyline Asset Management LP acquired a new stake in KEMET in the 3rd quarter valued at about $6,061,000. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have commented on KEM shares. Stifel Nicolaus upgraded shares of KEMET from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Friday, September 13th. Zacks Investment Research downgraded shares of KEMET from a “hold” rating to a “sell” rating in a report on Tuesday, October 8th. B. Riley increased their price objective on shares of KEMET from $26.00 to $29.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, ValuEngine downgraded shares of KEMET from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

Shares of NYSE KEM opened at $22.55 on Friday. The company has a 50 day simple moving average of $19.83 and a 200-day simple moving average of $18.52. The company has a market capitalization of $1.32 billion, a P/E ratio of 6.69 and a beta of 2.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.49 and a quick ratio of 1.55. KEMET Co. has a 1 year low of $15.55 and a 1 year high of $23.65.

KEMET (NYSE:KEM) last announced its quarterly earnings results on Thursday, August 1st. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.11. The business had revenue of $345.20 million during the quarter, compared to the consensus estimate of $343.72 million. KEMET had a net margin of 15.12% and a return on equity of 36.26%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 EPS. As a group, research analysts expect that KEMET Co. will post 2.62 EPS for the current year.

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

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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