KEMET (NYSE:KEM) had its price target raised by B. Riley from $22.50 to $24.75 in a report published on Friday. The firm currently has a buy rating on the electronics maker’s stock.

A number of other equities research analysts have also recently commented on the stock. ValuEngine cut shares of KEMET from a buy rating to a hold rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of KEMET from a hold rating to a strong-buy rating and set a $28.00 price objective on the stock in a research note on Friday, October 6th. Finally, TheStreet cut shares of KEMET from a b rating to a c rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $19.58.

KEMET (KEM) opened at $19.21 on Friday. KEMET has a fifty-two week low of $7.34 and a fifty-two week high of $27.35. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.49 and a quick ratio of 1.74. The firm has a market cap of $1,087.39, a P/E ratio of 14.23 and a beta of 3.63.

KEMET (NYSE:KEM) last issued its quarterly earnings results on Thursday, February 1st. The electronics maker reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.16. KEMET had a net margin of 28.33% and a return on equity of 22.51%. The company had revenue of $306.40 million for the quarter, compared to the consensus estimate of $295.68 million. During the same quarter in the prior year, the company earned $0.11 EPS. KEMET’s quarterly revenue was up 63.0% on a year-over-year basis. analysts expect that KEMET will post 1.45 earnings per share for the current year.

In other news, Director Joseph Vincent Borruso sold 20,332 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $20.00, for a total transaction of $406,640.00. Following the transaction, the director now owns 70,134 shares in the company, valued at approximately $1,402,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO William M. Lowe, Jr. sold 21,903 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 523,038 shares in the company, valued at approximately $8,410,451.04. The disclosure for this sale can be found here. 3.88% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the company. NJ State Employees Deferred Compensation Plan purchased a new position in shares of KEMET during the 3rd quarter valued at approximately $845,000. Teachers Advisors LLC purchased a new position in shares of KEMET during the 2nd quarter valued at approximately $1,039,000. JPMorgan Chase & Co. lifted its position in shares of KEMET by 4,743.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 471,288 shares of the electronics maker’s stock valued at $10,265,000 after buying an additional 461,558 shares in the last quarter. Alliancebernstein L.P. purchased a new position in shares of KEMET during the 2nd quarter valued at approximately $694,000. Finally, IFP Advisors Inc purchased a new position in shares of KEMET during the 3rd quarter valued at approximately $459,000. Hedge funds and other institutional investors own 69.01% of the company’s stock.

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About KEMET

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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