KEMET Co. (KEM) SVP Ronald James Assaf Sells 9,334 Shares
KEMET Co. (NYSE:KEM) SVP Ronald James Assaf sold 9,334 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $17.73, for a total transaction of $165,491.82. Following the completion of the transaction, the senior vice president now directly owns 114,225 shares of the company’s stock, valued at approximately $2,025,209.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
KEMET Co. (NYSE:KEM) opened at 18.95 on Tuesday. The firm has a market cap of $901.79 million, a price-to-earnings ratio of 3.91 and a beta of 3.60. The stock has a 50 day moving average of $14.79 and a 200 day moving average of $11.93. KEMET Co. has a one year low of $3.24 and a one year high of $19.15.
KEMET (NYSE:KEM) last announced its earnings results on Wednesday, August 2nd. The electronics maker reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.15. KEMET had a net margin of 5.84% and a return on equity of 173.17%. The business had revenue of $274 million during the quarter, compared to the consensus estimate of $282.52 million. During the same quarter last year, the firm earned $0.06 earnings per share. KEMET’s quarterly revenue was up 48.2% on a year-over-year basis. Equities research analysts predict that KEMET Co. will post $1.57 EPS for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in the company. Founders Capital Management purchased a new position in shares of KEMET during the first quarter worth $108,000. Legal & General Group Plc purchased a new position in shares of KEMET during the second quarter worth $147,000. TFS Capital LLC purchased a new position in shares of KEMET during the first quarter worth $184,000. Caxton Associates LP purchased a new position in shares of KEMET during the first quarter worth $263,000. Finally, SG Americas Securities LLC purchased a new position in shares of KEMET during the first quarter worth $314,000. 56.85% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the stock. Stifel Nicolaus reissued a “hold” rating on shares of KEMET in a report on Monday. TheStreet raised shares of KEMET from a “c+” rating to a “b” rating in a report on Wednesday, August 2nd. BidaskClub lowered shares of KEMET from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. B. Riley reissued a “buy” rating and issued a $24.25 price target on shares of KEMET in a report on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of KEMET from a “hold” rating to a “strong-buy” rating and set a $18.00 price target for the company in a report on Friday, July 14th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $18.08.
KEMET Company Profile
KEMET Corporation (KEMET) is a manufacturer of passive electronic components. The Company operates in two segments: Solid Capacitors, and Film and Electrolytic. The Solid Capacitors segment primarily produces tantalum, aluminum, polymer and ceramic capacitors. Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors.
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