Kemet Corporation (NYSE:KEM) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 1,604,260 shares, a decrease of 40.7% from the November 30th total of 2,706,612 shares. Based on an average trading volume of 2,067,998 shares, the short-interest ratio is currently 0.8 days. Currently, 3.2% of the shares of the company are sold short.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Kemet from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. ValuEngine downgraded shares of Kemet from a “buy” rating to a “hold” rating in a report on Friday, December 1st. TheStreet downgraded shares of Kemet from a “b” rating to a “c” rating in a report on Thursday, November 2nd. Finally, B. Riley reaffirmed a “buy” rating and issued a $27.50 price objective on shares of Kemet in a report on Tuesday, October 31st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $22.50.

In other news, CFO William M. Lowe, Jr. sold 21,903 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $16.08, for a total value of $352,200.24. Following the sale, the chief financial officer now directly owns 523,038 shares of the company’s stock, valued at approximately $8,410,451.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.88% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in Kemet by 59.8% during the second quarter. Renaissance Technologies LLC now owns 3,789,099 shares of the electronics maker’s stock worth $48,500,000 after buying an additional 1,418,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Kemet by 6.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,008,032 shares of the electronics maker’s stock worth $38,503,000 after buying an additional 179,841 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Kemet by 13.1% during the second quarter. Vanguard Group Inc. now owns 1,748,043 shares of the electronics maker’s stock worth $22,374,000 after buying an additional 202,892 shares in the last quarter. Numeric Investors LLC boosted its holdings in Kemet by 1,622.5% during the second quarter. Numeric Investors LLC now owns 1,111,039 shares of the electronics maker’s stock worth $14,221,000 after buying an additional 1,046,539 shares in the last quarter. Finally, State Street Corp boosted its holdings in Kemet by 1,972.6% during the second quarter. State Street Corp now owns 750,547 shares of the electronics maker’s stock worth $9,606,000 after buying an additional 714,335 shares in the last quarter. 69.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Kemet (NYSE KEM) opened at $16.16 on Wednesday. Kemet has a twelve month low of $6.27 and a twelve month high of $27.35. The stock has a market cap of $911.13, a price-to-earnings ratio of 3.29 and a beta of 3.45. 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 (NYSE:KEM) last announced its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. Kemet had a net margin of 31.16% and a return on equity of 21.07%. The firm had revenue of $301.47 million for the quarter, compared to the consensus estimate of $298.51 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The firm’s quarterly revenue was up 60.9% compared to the same quarter last year. analysts anticipate that Kemet will post 1.44 EPS for the current fiscal year.

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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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