James Investment Research Inc. increased its position in shares of KEMET Co. (NYSE:KEM) by 18.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,200 shares of the electronics maker’s stock after buying an additional 15,900 shares during the period. James Investment Research Inc.’s holdings in KEMET were worth $2,710,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its position in shares of KEMET by 45.7% in the third quarter. Public Employees Retirement System of Ohio now owns 1,722 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 540 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of KEMET during the 3rd quarter worth about $37,000. Tower Research Capital LLC TRC boosted its stake in KEMET by 3,052.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,184 shares of the electronics maker’s stock valued at $58,000 after purchasing an additional 3,083 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in KEMET by 233.3% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,836 shares of the electronics maker’s stock valued at $72,000 after purchasing an additional 2,685 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in KEMET in the 3rd quarter valued at approximately $106,000. Institutional investors and hedge funds own 90.80% of the company’s stock.
Several equities research analysts have recently weighed in on the company. ValuEngine cut KEMET from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. B. Riley lowered shares of KEMET from a “buy” rating to a “hold” rating and dropped their target price for the stock from $29.00 to $27.20 in a research report on Wednesday, November 13th. Zacks Investment Research upgraded shares of KEMET from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus cut shares of KEMET from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.
Shares of KEM opened at $26.37 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.29 and a current ratio of 2.15. The company has a 50-day simple moving average of $26.69 and a 200-day simple moving average of $22.31. KEMET Co. has a 52 week low of $15.87 and a 52 week high of $27.61. The firm has a market capitalization of $1.54 billion, a P/E ratio of 9.80 and a beta of 2.65.
KEMET (NYSE:KEM) last released its earnings results on Tuesday, November 12th. The electronics maker reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. KEMET had a return on equity of 32.53% and a net margin of 11.56%. The business had revenue of $327.40 million for the quarter, compared to the consensus estimate of $324.90 million. During the same period last year, the business earned $0.87 earnings per share. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, equities analysts forecast that KEMET Co. will post 2.03 earnings per share for the current year.
KEMET Company Profile
KEMET Corporation manufactures and sells passive electronic components under the KEMET brand worldwide. The company operates in three segments: Solid Capacitors, Film and Electrolytic; and Electro-Magnetic, Sensors, and Actuators. It offers tantalum, aluminum polymer, and ceramic capacitors; film, paper, and wet aluminum electrolytic capacitors; electromagnetic interference filters; and electro-magnetic compatible materials and devices, piezo materials and actuators, and various types of sensors.
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