KEMET Co. (NYSE:KEM) SVP Ronald James Assaf Sells 3,334 Shares

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KEMET Co. (NYSE:KEM) SVP Ronald James Assaf sold 3,334 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $21.90, for a total transaction of $73,014.60. Following the transaction, the senior vice president now directly owns 57,743 shares in the company, valued at $1,264,571.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Ronald James Assaf also recently made the following trade(s):

  • On Monday, July 1st, Ronald James Assaf sold 3,334 shares of KEMET stock. The stock was sold at an average price of $19.21, for a total transaction of $64,046.14.
  • On Monday, June 10th, Ronald James Assaf sold 3,334 shares of KEMET stock. The stock was sold at an average price of $18.01, for a total transaction of $60,045.34.

NYSE:KEM opened at $19.35 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.55 and a current ratio of 2.49. KEMET Co. has a fifty-two week low of $15.55 and a fifty-two week high of $26.96. The firm has a market cap of $1.15 billion, a PE ratio of 5.74 and a beta of 2.52. The stock’s fifty day moving average is $19.30.

KEMET (NYSE:KEM) last posted its quarterly earnings results on Thursday, August 1st. The electronics maker reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.11. KEMET had a net margin of 15.12% and a return on equity of 36.26%. The business had revenue of $345.20 million for the quarter, compared to analysts’ expectations of $343.72 million. During the same period in the prior year, the company posted $0.55 EPS. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts forecast that KEMET Co. will post 2.73 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Thursday, August 15th will be given a $0.05 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.03%. KEMET’s dividend payout ratio is presently 5.93%.

Several institutional investors have recently added to or reduced their stakes in the stock. LSV Asset Management boosted its position in shares of KEMET by 5.3% in the 1st quarter. LSV Asset Management now owns 934,565 shares of the electronics maker’s stock worth $15,859,000 after buying an additional 46,743 shares in the last quarter. Granite Investment Partners LLC purchased a new stake in shares of KEMET in the 2nd quarter worth about $14,437,000. Northern Trust Corp boosted its position in shares of KEMET by 1.2% in the 4th quarter. Northern Trust Corp now owns 750,510 shares of the electronics maker’s stock worth $13,164,000 after buying an additional 9,237 shares in the last quarter. Federated Investors Inc. PA boosted its position in shares of KEMET by 23.1% in the 1st quarter. Federated Investors Inc. PA now owns 704,176 shares of the electronics maker’s stock worth $11,950,000 after buying an additional 132,034 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of KEMET by 14.1% in the 4th quarter. Geode Capital Management LLC now owns 596,374 shares of the electronics maker’s stock worth $10,460,000 after buying an additional 73,518 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. B. Riley upped their price target on shares of KEMET from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Zacks Investment Research cut shares of KEMET from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. Finally, ValuEngine cut shares of KEMET from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

About KEMET

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

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