KEMET Co. (NYSE:KEM) CEO Per Olof Loof sold 5,500 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $17.56, for a total value of $96,580.00. Following the sale, the chief executive officer now directly owns 1,124,822 shares of the company’s stock, valued at approximately $19,751,874.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

KEMET Co. (NYSE KEM) traded up $0.53 during midday trading on Wednesday, hitting $17.72. The stock had a trading volume of 1,003,525 shares, compared to its average volume of 2,090,550. The company has a market capitalization of $992.86, a price-to-earnings ratio of 3.51 and a beta of 3.63. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.74 and a current ratio of 2.49. KEMET Co. has a 1 year low of $7.95 and a 1 year high of $27.35.

KEMET (NYSE:KEM) last released its quarterly earnings data on Thursday, February 1st. The electronics maker reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.16. The firm had revenue of $306.40 million during the quarter, compared to analyst estimates of $295.68 million. KEMET had a return on equity of 22.51% and a net margin of 28.33%. The business’s quarterly revenue was up 63.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 earnings per share. sell-side analysts forecast that KEMET Co. will post 1.62 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in KEMET by 6.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,008,032 shares of the electronics maker’s stock valued at $38,503,000 after buying an additional 179,841 shares during the last quarter. Vanguard Group Inc. boosted its stake in KEMET by 13.1% during the second quarter. Vanguard Group Inc. now owns 1,748,043 shares of the electronics maker’s stock valued at $22,374,000 after buying an additional 202,892 shares during the last quarter. Royce & Associates LP boosted its stake in KEMET by 50.0% during the fourth quarter. Royce & Associates LP now owns 1,639,523 shares of the electronics maker’s stock valued at $24,691,000 after buying an additional 546,790 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in KEMET by 49.9% during the fourth quarter. Bank of New York Mellon Corp now owns 939,333 shares of the electronics maker’s stock valued at $14,146,000 after buying an additional 312,557 shares during the last quarter. Finally, State Street Corp boosted its stake in KEMET by 1,972.6% during the second quarter. State Street Corp now owns 750,547 shares of the electronics maker’s stock valued at $9,606,000 after buying an additional 714,335 shares during the last quarter. 69.39% of the stock is owned by institutional investors.

A number of equities analysts have recently weighed in on KEM shares. B. Riley upped their price objective on KEMET from $22.50 to $24.75 and gave the stock a “buy” rating in a research note on Friday, February 2nd. ValuEngine raised KEMET from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. TheStreet lowered KEMET from a “b” rating to a “c” rating in a research note on Thursday, November 2nd. Finally, Zacks Investment Research lowered KEMET from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. KEMET has a consensus rating of “Buy” and an average target price of $19.58.

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About KEMET

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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