Zacks Investment Research upgraded shares of KEMET (NYSE:KEM) from a sell rating to a hold rating in a research report report published on Thursday, January 4th.

According to Zacks, “KEMET Corporation and its subsidiaries is the world’s largest manufacturer of solid tantalum capacitors and and one of the world’s largest manufacturer of multilayer ceramic capacitors. According to industry sources, tantalum and ceramic capacitors are the two fastest growing sectors of the United States capacitor industry. Capacitors are electronic components that store, filter and regulate electrical energy and current flow and are one of the essential passive components used on circuit boards. “

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A number of other brokerages have also recently weighed in on KEM. ValuEngine cut shares of KEMET from a buy rating to a hold rating in a research note on Friday, December 1st. TheStreet cut shares of KEMET from a b rating to a c rating in a research note on Thursday, November 2nd. Finally, B. Riley reiterated a buy rating and set a $27.50 price target on shares of KEMET in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $18.83.

Shares of KEMET (NYSE:KEM) traded down $1.07 during trading hours on Thursday, hitting $19.73. 1,139,970 shares of the company’s stock were exchanged, compared to its average volume of 1,644,095. KEMET has a 52 week low of $6.73 and a 52 week high of $27.35. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.73 and a current ratio of 2.51. The stock has a market cap of $1,170.00, a P/E ratio of 4.00 and a beta of 3.45.

KEMET (NYSE:KEM) last issued its earnings results on Thursday, November 2nd. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $301.47 million during the quarter, compared to analysts’ expectations of $298.51 million. During the same quarter in the prior year, the business posted $0.13 EPS. The company’s revenue for the quarter was up 60.9% on a year-over-year basis. research analysts expect that KEMET will post 1.45 earnings per share for the current fiscal year.

In other news, CFO William M. Lowe, Jr. sold 21,903 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $16.08, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Vincent Borruso sold 20,332 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $20.00, for a total transaction of $406,640.00. Following the completion of the transaction, the director now owns 70,134 shares of the company’s stock, valued at approximately $1,402,680. The disclosure for this sale can be found here. 3.88% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of KEM. Globeflex Capital L P purchased a new position in KEMET during the 2nd quarter valued at about $105,000. State of Tennessee Treasury Department purchased a new position in KEMET during the 3rd quarter valued at about $108,000. Denali Advisors LLC purchased a new position in KEMET during the 3rd quarter valued at about $122,000. JPMorgan Chase & Co. purchased a new position in KEMET during the 2nd quarter valued at about $125,000. Finally, UBS Asset Management Americas Inc. purchased a new position in KEMET during the 2nd quarter valued at about $143,000. Hedge funds and other institutional investors own 69.05% 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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