Goldman Sachs Group Inc. Decreases Stake in KEMET Co. (KEM)

Goldman Sachs Group Inc. reduced its holdings in KEMET Co. (NYSE:KEM) by 50.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,684 shares of the electronics maker’s stock after selling 148,537 shares during the period. Goldman Sachs Group Inc. owned approximately 0.26% of KEMET worth $2,224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Guggenheim Capital LLC lifted its stake in shares of KEMET by 1,659.7% in the fourth quarter. Guggenheim Capital LLC now owns 276,596 shares of the electronics maker’s stock worth $4,167,000 after buying an additional 260,878 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new stake in KEMET during the fourth quarter worth about $2,602,000. Advisor Group Inc. increased its position in KEMET by 230.6% during the fourth quarter. Advisor Group Inc. now owns 23,352 shares of the electronics maker’s stock worth $351,000 after purchasing an additional 16,288 shares during the last quarter. MANA Advisors LLC acquired a new stake in KEMET during the fourth quarter worth about $269,000. Finally, AXA increased its position in KEMET by 349.6% during the fourth quarter. AXA now owns 296,700 shares of the electronics maker’s stock worth $4,468,000 after purchasing an additional 230,701 shares during the last quarter. 70.14% of the stock is currently owned by hedge funds and other institutional investors.

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In other KEMET news, insider Charles C. Meeks, Jr. sold 20,000 shares of KEMET stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $18.13, for a total transaction of $362,600.00. Following the completion of the sale, the insider now directly owns 218,310 shares in the company, valued at $3,957,960.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Per Olof Loof sold 50,000 shares of KEMET stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $18.25, for a total transaction of $912,500.00. Following the sale, the director now owns 1,116,479 shares of the company’s stock, valued at $20,375,741.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 165,531 shares of company stock valued at $3,036,021. Company insiders own 3.88% of the company’s stock.

Several research firms recently issued reports on KEM. Zacks Investment Research cut shares of KEMET from a “buy” rating to a “hold” rating in a research report on Thursday, April 5th. ValuEngine cut shares of KEMET from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, B. Riley raised their price objective on shares of KEMET from $22.50 to $24.75 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. KEMET currently has an average rating of “Hold” and a consensus target price of $19.58.

KEMET stock opened at $18.87 on Monday. KEMET Co. has a 12-month low of $10.83 and a 12-month high of $27.35. The stock has a market cap of $1,061.92, a P/E ratio of 53.91 and a beta of 3.62. The company has a quick ratio of 1.74, a current ratio of 2.49 and a debt-to-equity ratio of 0.70.

KEMET (NYSE:KEM) last announced its quarterly earnings results on Thursday, February 1st. The electronics maker reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.16. KEMET had a net margin of 28.33% and a return on equity of 22.51%. The business had revenue of $306.40 million during the quarter, compared to analysts’ expectations of $295.68 million. During the same period last year, the business earned $0.11 earnings per share. The business’s revenue for the quarter was up 63.0% on a year-over-year basis. equities research analysts predict that KEMET Co. will post 1.62 earnings per share for the current year.

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KEMET Company Profile

KEMET Corporation, together with its subsidiaries, manufactures and sells passive electronic components under the KEMET brand worldwide and the TOKIN brand in Japan and Korea. The company operates through three segments: Solid Capacitors; Film and Electrolytics; and Electro-magnetic, Sensors & Actuators.

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Institutional Ownership by Quarter for KEMET (NYSE:KEM)

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