Sei Investments Co. Has $114,000 Holdings in Kemet Corporation (KEM)
Sei Investments Co. maintained its position in Kemet Corporation (NYSE:KEM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,919 shares of the electronics maker’s stock at the end of the 2nd quarter. Sei Investments Co.’s holdings in Kemet Corporation were worth $114,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. TFS Capital LLC acquired a new stake in shares of Kemet Corporation during the first quarter valued at $184,000. Caxton Associates LP acquired a new stake in shares of Kemet Corporation during the first quarter valued at $263,000. SG Americas Securities LLC acquired a new stake in shares of Kemet Corporation during the first quarter valued at $314,000. Trexquant Investment LP acquired a new stake in shares of Kemet Corporation during the first quarter valued at $386,000. Finally, Gotham Asset Management LLC acquired a new stake in shares of Kemet Corporation during the first quarter valued at $402,000. 68.87% of the stock is currently owned by institutional investors and hedge funds.
KEM has been the topic of a number of analyst reports. TheStreet raised Kemet Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, August 2nd. ValuEngine raised Kemet Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub downgraded Kemet Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. B. Riley reiterated a “buy” rating and set a $24.25 target price on shares of Kemet Corporation in a research report on Tuesday, August 8th. Finally, Zacks Investment Research downgraded Kemet Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $18.08.
In other news, SVP Ronald James Assaf sold 9,334 shares of Kemet Corporation stock in a transaction on Friday, August 4th. The stock was sold at an average price of $17.73, for a total transaction of $165,491.82. Following the transaction, the senior vice president now owns 114,225 shares in the company, valued at $2,025,209.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Wilfried Backes sold 20,000 shares of Kemet Corporation stock in a transaction on Monday, August 14th. The shares were sold at an average price of $20.47, for a total value of $409,400.00. Following the transaction, the director now owns 87,934 shares in the company, valued at approximately $1,800,008.98. The disclosure for this sale can be found here. Insiders sold a total of 80,859 shares of company stock worth $1,598,660 over the last 90 days. Insiders own 3.88% of the company’s stock.
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Kemet Corporation (NYSE KEM) opened at 19.71 on Thursday. The company’s 50-day moving average price is $19.93 and its 200 day moving average price is $14.60. The stock has a market capitalization of $940.05 million, a P/E ratio of 4.09 and a beta of 3.55. Kemet Corporation has a 52-week low of $3.26 and a 52-week high of $24.64.
Kemet Corporation (NYSE:KEM) last issued its earnings results on Wednesday, August 2nd. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.15. The business had revenue of $274.00 million for the quarter, compared to analysts’ expectations of $282.52 million. Kemet Corporation had a return on equity of 20.21% and a net margin of 33.25%. The company’s quarterly revenue was up 48.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 EPS. On average, equities research analysts anticipate that Kemet Corporation will post $1.57 earnings per share for the current year.
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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