KEMET (NYSE:KEM) Upgraded by Stifel Nicolaus to “Buy”

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Stifel Nicolaus upgraded shares of KEMET (NYSE:KEM) from a hold rating to a buy rating in a research note issued to investors on Friday, BenzingaRatingsTable reports. Stifel Nicolaus currently has $26.00 target price on the electronics maker’s stock.

Other analysts have also recently issued reports about the stock. ValuEngine cut shares of KEMET from a hold rating to a sell rating in a research note on Thursday, August 1st. B. Riley boosted their target price on shares of KEMET from $26.00 to $29.00 and gave the company a buy rating in a research note on Friday, August 2nd. Finally, Zacks Investment Research downgraded shares of KEMET from a hold rating to a sell rating in a research note on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $25.33.

KEMET stock opened at $19.78 on Friday. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 5.87 and a beta of 2.62. The company has a current ratio of 2.49, a quick ratio of 1.55 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $18.73 and its two-hundred day moving average price is $18.09. KEMET has a 52 week low of $15.55 and a 52 week high of $23.13.

KEMET (NYSE:KEM) last released its earnings results on Thursday, August 1st. The electronics maker reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.11. The firm had revenue of $345.20 million for the quarter, compared to analysts’ expectations of $343.72 million. KEMET had a net margin of 15.12% and a return on equity of 36.26%. KEMET’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. Research analysts expect that KEMET will post 2.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.20 annualized dividend and a yield of 1.01%. KEMET’s dividend payout ratio is currently 5.93%.

In other news, SVP Ronald James Assaf sold 3,334 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $21.90, for a total value of $73,014.60. Following the completion of the sale, the senior vice president now directly owns 57,743 shares of the company’s stock, valued at approximately $1,264,571.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shignori Oyama sold 22,500 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $17.71, for a total value of $398,475.00. Following the completion of the sale, the vice president now directly owns 117,070 shares of the company’s stock, valued at $2,073,309.70. The disclosure for this sale can be found here. Insiders have sold a total of 29,168 shares of company stock valued at $535,536 over the last three months. Company insiders own 1.76% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Centaurus Financial Inc. acquired a new position in KEMET during the 1st quarter worth approximately $42,000. NEXT Financial Group Inc bought a new stake in KEMET in the 2nd quarter valued at $59,000. Ladenburg Thalmann Financial Services Inc. raised its stake in KEMET by 233.3% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,836 shares of the electronics maker’s stock valued at $72,000 after acquiring an additional 2,685 shares during the period. Truvestments Capital LLC bought a new stake in KEMET in the 2nd quarter valued at $73,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in KEMET in the 2nd quarter valued at $89,000. 80.23% of the stock is owned by institutional investors and hedge funds.

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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