AdvisorNet Financial Inc boosted its holdings in KEMET Co. (NYSE:KEM) by 59.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,750 shares of the electronics maker’s stock after buying an additional 3,625 shares during the period. AdvisorNet Financial Inc’s holdings in KEMET were worth $177,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Alps Advisors Inc. increased its position in KEMET by 13.8% in the 1st quarter. Alps Advisors Inc. now owns 24,293 shares of the electronics maker’s stock worth $440,000 after buying an additional 2,937 shares during the period. LPL Financial LLC increased its position in shares of KEMET by 18.1% during the fourth quarter. LPL Financial LLC now owns 29,201 shares of the electronics maker’s stock valued at $440,000 after purchasing an additional 4,470 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of KEMET by 46.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 16,400 shares of the electronics maker’s stock valued at $247,000 after purchasing an additional 5,200 shares during the period. Swiss National Bank increased its position in shares of KEMET by 6.4% during the first quarter. Swiss National Bank now owns 88,200 shares of the electronics maker’s stock valued at $1,599,000 after purchasing an additional 5,300 shares during the period. Finally, James Investment Research Inc. increased its position in shares of KEMET by 9.0% during the fourth quarter. James Investment Research Inc. now owns 71,630 shares of the electronics maker’s stock valued at $1,079,000 after purchasing an additional 5,910 shares during the period. 68.40% of the stock is currently owned by institutional investors.
KEM opened at $17.86 on Friday. The company has a market cap of $1.20 billion, a PE ratio of 51.03 and a beta of 3.64. The company has a current ratio of 2.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.70. KEMET Co. has a 1 year low of $11.73 and a 1 year high of $27.35.
KEMET (NYSE:KEM) last released its quarterly earnings data on Thursday, May 17th. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The business had revenue of $318.00 million for the quarter, compared to analysts’ expectations of $306.72 million. KEMET had a return on equity of 22.51% and a net margin of 28.33%. KEMET’s quarterly revenue was up 61.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. research analysts predict that KEMET Co. will post 1.62 earnings per share for the current year.
KEM has been the topic of a number of research reports. B. Riley restated a “buy” rating and set a $22.50 price objective on shares of KEMET in a research report on Monday, January 22nd. Zacks Investment Research upgraded KEMET from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a research report on Wednesday, January 24th. Finally, ValuEngine upgraded KEMET from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. KEMET currently has an average rating of “Buy” and an average price target of $19.58.
In related news, Director Per Olof Loof sold 50,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $18.25, for a total value of $912,500.00. Following the sale, the director now owns 1,116,479 shares of the company’s stock, valued at approximately $20,375,741.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Charles C. Meeks, Jr. sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $18.13, for a total value of $362,600.00. Following the completion of the sale, the insider now directly owns 218,310 shares in the company, valued at approximately $3,957,960.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,999 shares of company stock worth $1,776,830. 3.88% of the stock is owned by insiders.
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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