Kemet Corporation (NYSE:KEM) reached a new 52-week high on Monday . The company traded as high as $18.98 and last traded at $19.01, with a volume of 1,553,647 shares changing hands. The stock had previously closed at $17.55.

KEM has been the subject of a number of recent research reports. TheStreet raised Kemet Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, August 2nd. B. Riley reissued a “buy” rating and issued a $24.25 target price on shares of Kemet Corporation in a research note on Thursday, August 3rd. BidaskClub lowered Kemet Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised Kemet Corporation from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Thursday, May 4th. Finally, Stifel Nicolaus boosted their target price on Kemet Corporation from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Tuesday, May 2nd. One analyst has rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $18.08.

The company has a market capitalization of $921.78 million, a P/E ratio of 4.00 and a beta of 3.60. The firm’s 50 day moving average price is $15.08 and its 200-day moving average price is $12.04.

Kemet Corporation (NYSE:KEM) last announced its quarterly earnings results on Wednesday, August 2nd. The electronics maker reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.15. Kemet Corporation had a net margin of 33.25% and a return on equity of 32.96%. The firm 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 EPS. The firm’s revenue for the quarter was up 48.2% compared to the same quarter last year. On average, equities research analysts expect that Kemet Corporation will post $1.57 earnings per share for the current year.

In related news, SVP Ronald James Assaf sold 9,334 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $17.73, for a total value of $165,491.82. Following the completion of the transaction, the senior vice president now 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 this hyperlink. Also, insider Charles C. Meeks, Jr. sold 115,000 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $14.33, for a total transaction of $1,647,950.00. Following the completion of the transaction, the insider now directly owns 372,393 shares of the company’s stock, valued at approximately $5,336,391.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 365,590 shares of company stock valued at $5,248,257. 3.88% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in KEM. Mckinley Capital Management LLC Delaware acquired a new position in shares of Kemet Corporation during the first quarter worth approximately $2,815,000. SG Americas Securities LLC acquired a new position in shares of Kemet Corporation during the first quarter worth approximately $314,000. Founders Capital Management acquired a new position in shares of Kemet Corporation during the first quarter worth approximately $108,000. Alambic Investment Management L.P. increased its position in shares of Kemet Corporation by 175.6% in the first quarter. Alambic Investment Management L.P. now owns 72,753 shares of the electronics maker’s stock worth $873,000 after buying an additional 46,352 shares during the last quarter. Finally, Oxford Asset Management increased its position in shares of Kemet Corporation by 42.0% in the first quarter. Oxford Asset Management now owns 229,599 shares of the electronics maker’s stock worth $2,755,000 after buying an additional 67,943 shares during the last quarter. 56.85% of the stock is owned by hedge funds and other institutional investors.

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Kemet Corporation 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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