Cypress Capital Management LLC WY acquired a new stake in shares of Kemet Corporation (NYSE:KEM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 34,300 shares of the electronics maker’s stock, valued at approximately $725,000. Kemet Corporation makes up about 0.9% of Cypress Capital Management LLC WY’s investment portfolio, making the stock its 28th biggest position. Cypress Capital Management LLC WY owned 0.06% of Kemet Corporation at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of KEM. Parametric Portfolio Associates LLC grew its stake in Kemet Corporation by 217.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 52,255 shares of the electronics maker’s stock valued at $627,000 after purchasing an additional 35,789 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Kemet Corporation by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 1,545,151 shares of the electronics maker’s stock worth $18,542,000 after acquiring an additional 16,236 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Kemet Corporation by 4.5% in the 1st quarter. Geode Capital Management LLC now owns 270,484 shares of the electronics maker’s stock worth $3,245,000 after acquiring an additional 11,748 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Kemet Corporation by 16.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,828,191 shares of the electronics maker’s stock worth $33,938,000 after acquiring an additional 402,142 shares in the last quarter. Finally, UBS Group AG grew its position in shares of Kemet Corporation by 781.5% in the 1st quarter. UBS Group AG now owns 34,459 shares of the electronics maker’s stock worth $414,000 after acquiring an additional 30,550 shares in the last quarter. Hedge funds and other institutional investors own 59.57% of the company’s stock.

Several research analysts have recently commented on the company. Zacks Investment Research lowered Kemet Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. TheStreet lowered Kemet Corporation from a “b” rating to a “c” rating in a research report on Thursday, November 2nd. B. Riley reiterated a “buy” rating and issued a $27.50 target price on shares of Kemet Corporation in a research report on Tuesday, October 31st. ValuEngine lowered Kemet Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, BidaskClub lowered Kemet Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $22.50.

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In related news, CFO William M. Lowe, Jr. sold 21,903 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $16.08, for a total transaction of $352,200.24. Following the completion of the transaction, the chief financial officer now owns 523,038 shares in the company, valued at approximately $8,410,451.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank G. Brandenberg sold 11,525 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $23.12, for a total value of $266,458.00. Following the transaction, the director now owns 66,831 shares of the company’s stock, valued at approximately $1,545,132.72. The disclosure for this sale can be found here. Insiders have sold a total of 34,428 shares of company stock valued at $640,968 in the last 90 days. Insiders own 3.88% of the company’s stock.

Shares of Kemet Corporation (NYSE KEM) traded down $0.04 on Thursday, hitting $15.44. The stock had a trading volume of 1,591,200 shares, compared to its average volume of 1,437,327. The firm has a market cap of $910.56, a price-to-earnings ratio of 15.96 and a beta of 3.65. The company has a current ratio of 2.51, a quick ratio of 1.73 and a debt-to-equity ratio of 0.75. Kemet Corporation has a one year low of $4.22 and a one year high of $27.35.

Kemet Corporation (NYSE:KEM) last issued its earnings results on Thursday, November 2nd. The electronics maker reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. Kemet Corporation had a return on equity of 21.07% and a net margin of 31.16%. The company had revenue of $301.47 million during the quarter, compared to analyst estimates of $298.51 million. During the same quarter last year, the firm earned $0.13 EPS. The business’s revenue was up 60.9% on a year-over-year basis. sell-side analysts forecast that Kemet Corporation will post 1.44 EPS for the current year.

About Kemet Corporation

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.

Institutional Ownership by Quarter for Kemet Corporation (NYSE:KEM)

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