KEMET Co. (KEM) Director Gurminder S. Bedi Sells 24,999 Shares of Stock

KEMET Co. (NYSE:KEM) Director Gurminder S. Bedi sold 24,999 shares of the firm’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $20.07, for a total transaction of $501,729.93. Following the transaction, the director now directly owns 81,201 shares of the company’s stock, valued at $1,629,704.07. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

KEM stock traded down $0.91 during trading hours on Friday, hitting $18.20. 885,653 shares of the company traded hands, compared to its average volume of 930,863. KEMET Co. has a twelve month low of $10.70 and a twelve month high of $27.35. The company has a quick ratio of 1.74, a current ratio of 2.49 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1,081.73, a PE ratio of 3.43 and a beta of 3.61.

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KEMET (NYSE:KEM) last released its earnings results on Thursday, February 1st. The electronics maker reported $0.48 earnings per share for the quarter, beating the 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 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 firm’s revenue was up 63.0% on a year-over-year basis. research analysts predict that KEMET Co. will post 1.62 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in shares of KEMET by 4,743.7% in the third 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. Cipher Capital LP bought a new position in shares of KEMET in the third quarter valued at $1,037,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of KEMET in the third quarter valued at $908,000. Russell Investments Group Ltd. grew its stake in shares of KEMET by 101.6% in the third quarter. Russell Investments Group Ltd. now owns 164,552 shares of the electronics maker’s stock valued at $3,477,000 after buying an additional 82,913 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of KEMET by 25.8% in the third quarter. Swiss National Bank now owns 82,900 shares of the electronics maker’s stock valued at $1,752,000 after buying an additional 17,000 shares in the last quarter. 70.14% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on KEM. B. Riley raised their price target on shares of KEMET from $22.50 to $24.75 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of KEMET from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, ValuEngine raised shares of KEMET from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $19.58.

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KEMET Company Profile

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.

Insider Buying and Selling by Quarter for KEMET (NYSE:KEM)

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